Gold charts 3/1/2010

In all charts, money stock values come from the St. Louis Fed. Gold stocks come from the Gold Council and gold prices from Kitco. These comparisons are for US money stock vs. World gold supply.

Starting with the 1/1/2010 data, I adjusted the estimated gold supply to reflect mining output for 2009 based on data from the Gold Council. This affects the M2/oz chart but does not affect the M2/price chart.

Charts do not start at zero to better show changes.

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Consumer credit up in January, 2010

Total consumer credit was up (+2.4%) for first time since August, 2009. Before that, you have to go back to December 2008 for an uptick in total consumer credit. Despite the uptick in total credit, revolving credit (credit cards) continued down. We will have to wait for future releases to see if the down trend has changed.

Total Credit Dec 2009: 2451.3 Billion
Total Credit Jan 2010: 2456.3 Billion