M3 Money Supply Chart

M3 Money supply represents the amount of money added to the money supply. The Federal Reserve stopped reporting this (gee I wonder why) but it is still tracked by private firms.

I have watched this closely over the last few months, as I wanted to see if we were going to see a contraction, or expansion of the money supply.

As you can see, money supply has expanded substantially, going from roughly 13.5 Trillion $USD in August to approximately $14.5 Trillion in November. Annual rate of change (increase) is approximately 17%.

Any expansion of the money supply is bullish for gold.

Baltic Dry Index Chart

The Baltic Dry Index shows us how much surface tonnage is being shipped, which also gives us a feel for how much international trade is being conducted.

As you can see, it has basically fallen off