Gold Forecaster Index: Weak U.S. GDP Spurs Demand For Gold (04-Sep-2019)

Sep. 04, 2019 11:09 AM ETSPDR Gold Trust ETF (GLD), PHYS, PSLV, SLV
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Contributor Since 2011

Albert Sung is the author of Correlation Economics, monitoring breaking economic news on a day to day basis. He started investing in 2008 because of the economic crisis and holds a masters degree in chemical engineering. Previously, he worked several years as a process engineer at Ashland, a competitor of Dow Chemical. Today, he works as a regulatory compliance consultant at J&J, but his real passion will stay in macro-economics. His experience in the chemical and pharmaceutical industry allows him to monitor the economy from a process engineering standpoint, analyzing macro-economic charts, correlations and trends.

Summary

  • Gold Forecaster Index goes higher.
  • Nickel and platinum are nice alternatives.
  • U.S. GDP will be weak.
  • Yield curve will invert more.
  • Interest rates are going much lower.

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