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Gold price vs. M2 aggregate money indicator: no indication of a bubble to date

|Includes: Randgold Resources Limited (GOLD)

This time I'll try to be as laconic as I can. I compared official Fed's M2 money stats and Gold prices over the period of 2008/2009. The conclusion is apparent: Gold only (quite accurately) reflects the increase of dollar supply on the market, and, hence, cannot be qualified as a bubble to date. Thanks for your attention!