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Gary Tanashian
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Gary Tanashian is proprietor of Biiwii.com. Actionable, hype-free technical, macro economic and sentiment analysis is provided in the premium market report 'Notes From the Rabbit Hole' (http://biiwii.com/wordpress/about-nftrh/). Complimentary analysis and commentary is available at the public... More
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  • Adjusted Monetary Base Updated 0 comments
    Jan 10, 2013 5:49 PM | about stocks: DIA, SPY, QQQ, TLT, IEF, UUP, GLD, SLV

    You know, around here we beat the Fed up pretty good; and rightly so. But the FRED (Federal Reserve Economic Data) website is top notch and I just love going there and rummaging around.

    Not only do they have nominal data graphs but you can ratio disparate data to come up with your own analysis, as I did recently with the London Gold Fix divided by the Monetary Base. More people should get used to doing their own work instead of listening to the talking heads all over the internet, and know-it-all bloggers too for that matter. Work will set you free.

    The links to FRED are over on the right side bar of the main page, including a handy graphic that updates CPI, Unemployment, 10 Year Yields, GDP, Industrial Production and Payrolls. It's really cool, although the Fed does not (yet) allow for creating your own widget with your own desired data. If it did, I'd be all about the money supply and other things that tattle on the Fed and its operations. But it's all there on the site anyway, so do consider becoming acquainted with it if you have not done so yet.

    So here's the latest BASE update:

    (click to enlarge)

    It is still in consolidation but I have highlighted the little tick higher after QE3, which was still encumbered with Op/Twist. The latest data show a tick higher still.

    A new inflationary phase would have to start somewhere and breaking this consolidation would be a good start.

    Biiwii.com, Twitter, Free eLetter, Notes From the Rabbit Hole

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