Over the last eleven weeks, the **U.S. True Money Supply**, which is basically the **M2 Money Supply** **minus** **time deposits** but with the **addition** of **U.S. Treasury deposits** parked at **Federal Reserve Banks**, has **increased by a record $2.875 trillion or 20%** to **$17.232 trillion**. **On an annualized basis, an 11-week increase of 20% is equal to 137%. Annualized money supply growth of 137% is 21.92X higher than the median since 1986 of 6.25%.**

When **annualized 11-week growth** in the **True Money Supply** is **30% or higher**, **gold** **gains** over the **following 12 months** by a **median of 16.94%**. When **annualized 11-week growth** in the **True Money Supply** is **20% or higher**, **gold gains** over the **following 12 months** by a **median of 10.87%**. When **annualized 11-week growth** in the **True Money Supply** is **10% or higher**, **gold** **gains** over the **following 12 months** by a **median of 6.66%**. When **annualized 11-week growth** in the **True Money Supply** is **0% or higher**, **gold gains** over the **following 12 months** by a **median of 3.21%**. When **annualized 11-week growth** in the **True Money Supply** is **below 0%**, **gold gains** over the **following 12 months** by a **median of 0.83%**.

**annualized 11-week growth** in the **True Money Supply** is **30% or higher**, **gold** **gains** over the **following 24 months** by a **median of 32.71%**. When **annualized 11-week growth** in the **True Money Supply** is **20% or higher**, **gold gains** over the **following 24 months** by a **median of 23.1%**. When **annualized 11-week growth** in the **True Money Supply** is **10% or higher**, **gold** **gains** over the **following 24 months** by a **median of 13%**. When **annualized 11-week growth** in the **True Money Supply** is **0% or higher**, **gold gains** over the **following 24 months** by a **median of 6.5%**. When **annualized 11-week growth** in the **True Money Supply** is **below 0%**, **gold declines **over the **following 24 months** by a **median of -0.6%**.

**annualized 11-week growth** in the **True Money Supply** is **30% or higher**, **gold** **gains** over the **following 36 months** by a **median of 56.4%**. When **annualized 11-week growth** in the **True Money Supply** is **20% or higher**, **gold gains** over the **following 36 months** by a **median of 38.7%**. When **annualized 11-week growth** in the **True Money Supply** is **10% or higher**, **gold** **gains** over the **following 36 months** by a **median of 11.1%**. When **annualized 11-week growth** in the **True Money Supply** is **0% or higher**, **gold gains** over the **following 36 months** by a **median of 7.4%**. When **annualized 11-week growth** in the **True Money Supply** is **below 0%**, **gold declines **over the **following 36 months** by a **median of -2.7%**.