macro data

Sometimes it is good to just put the data up and let it speak, whether or not we want to hear the message or whether it even seems to make sense.  From MacroTrends…

The Fed’s balance sheet and gold on their post-2012 divergent paths.  With QE terminated, we will see which of these lines adjusts going forward.

Yeh, gold to monetary base has really done its job protecting people from the dreaded inflation.  Sheesh…  However, let’s keep in mind the idea of extremes (in data, in sentiment, etc.) and what happens when phases pivot and snap backs occur.

Has this whole event in gold been merely a well and good correction prior to new eventual ← [that’s a key word, relax] upside?

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