NCM newcrest mining limited
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fed balance sheet vs. gold price

  1. SilentO
    777 Posts.
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    15/02/14
    05:29
    Post #: 12939260
    This chart compares the monthly percentage growth of the Federal Reserve balance sheet (U.S. Treasuries and Agency MBS) against the price of gold back to 2004.

    Looks like QE3 changed this picture radically (but is this change for good?). If the gold price "needs" to force its way up above the Fed reserves balance sheet again, it looks like a bull run for gold will also be needed.



    Source Macro Trends

    Sentiment. Buy NMC if you think the US is going to pot. Sell if you think they have it well and truly under control.
    NCM Price at posting: $11.05 Sentiment: None Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

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