US M3 rose above $15.1 trillion in April, however monetary growth seems to have slowed down significantly over the past 3 months, despite the Federal Reserve’s continuing to inject over $85 billion a month as part of its liquidity programs, which by now can deservedly be called QE-forever. The gold price correction in April, reaching a low of $1.321 per ounce, has brought the Fear Index down to 2.55%, a level not seen since October 2010; the 21-month moving average is at 2.97%.
Read the complete article at GoldMoney here.
Please Note: This article is to inform your thinking, not lead it. Only you can decide the best place for your money, and any decision you make will put your money at risk. Information or data included here may have already been overtaken by events – and must be verified elsewhere – should you choose to act on it.