Win Lose or Draw : Be A Steve, Make A Call Message Board

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Strategies & Market Trends : Win Lose or Draw : Be A Steve, Make A Call

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To: Win-Lose-Draw who wrote (8624)	3/28/2003 8:20:17 PM
From: westpacific	of 11447

The week of the big rally, FED pumped in 43.4B!!!! ----- Nobody, it seems, follows the money supply figures any more, but I do. I just received the figures for the most recent week, which was the week of March 17. For that week M-3, the broad measure of the money supply, was up $43.4 billion to a total of $8.59 trillion. Consider this -- the worth of the entire gold industry, all its stocks, is estimated to be $90 billion. So in one week of dollar-manufacturing the Fed has "created" enough dollars to buy half of the entire gold industry. Does that make sense

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