Precious and Base Metal Investing Message Board

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Gold/Mining/Energy : Precious and Base Metal Investing

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To: austrieconomist who wrote (13385)	7/3/2003 3:23:51 PM
From: austrieconomist	of 39344

MZM Growth accelerating. Two month annualized rate now in excess of 14%. research.stlouisfed.org Could drop back to 7%-8% growth channel but appears to be a break out. Unlike technical analysis this break out would be derived from a conscious decision by the Fed FOMC to monetize debt at a faster pace than existed the prior 15 months. Contributors to the board have offered different points of view as to the money creation process; however, I think everyone would agree that this measure of money growth is positive for a pro-gold position.

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