The total Fed holdings of Treasury debt and mortgage backed securities (MBS) held by the Fed are now up to $6.4 trillion, and up by $68.8 billion this week for the weekly data reported on Sep. 16. All of that money-printing is adding to the total money supply, and it has assuredly helped to lift stock prices up out of the February to March 2020 Covid Crash. A lot of analysts believe that all of this money printing is bullish for gold prices. That belief system actually makes a lot of sense. After all, the amount of gold on planet earth is finite, and the price of anything is expressed as a ratio of money to stuff. So ... (full story)