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Market Closed 1475 - Gold IRA: Precious Metals Backed 401k · Gold-backed ETF holdings hit a new...
Transcript of Market Closed 1475 - Gold IRA: Precious Metals Backed 401k · Gold-backed ETF holdings hit a new...
Market Closed
1475.67
1455.00
1415.00
1375.00
1355.00
1335.00
1315.00
1295.00
1275.00
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Gold Price Trends.
Gold had a robust 2019.
1D 5D 1M 3M 6 M YTD 1Y 5Y All
CFDs on Gold (US $ / OZ) . D . TVC
1475.67 + 6.07 (+041%)2019 Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Jan Mar May Jul Sep Nov
97.000
96.500
96.000
95.500
97.500
98.000
98.500
99.000
Dollar Price Trends.Despite President Trump’sweak dollar campaign,
1D 5D 1M 3M 6 M YTD 1Y 5Y All
SOURCE:
TRADINGECONOMICS.COM
Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
28174.2
26500.0
25500.0
25000.0
24500.0
24000.0
23500.0
23000.0
22500.0
22000.0
21500.0
27000.0
27500.0
28500.0
Stock MarketTrends.
Gold had a robust 2019.
26000.0
1D 5D 1M 3M 6 M YTD 1Y 5Y All
CFDs on Gold (US $ / OZ) . D . TVC
1475.67 + 6.07 (+041%)2019
14-Nov
Range of top 10and bottom 10average forecasts
Blue Chip consensus
Sources: B
lue Chip
Econom
ic Indicators
and B
lue Chip
Financial Forecasts
Date of forecast
Atlanta FedGDPNow estimate
Evolution of Atlanta Fed GDPNow realGDP estimate for 2019: Q4
Quarterly percent change (SAAR)
24-Nov14-Nov4-Nov25-Oct15-Oct5-Oct25-Sep 4-Dec
0.0
0.5
1.0
1.5
2.0
2.5
3.0
EconomicData.
U.S. economic growth remainedsteady in 2019 and while theeconomy is still expanding, growthremains moderate and notparticularly remarkable.
Retail sales fell flat inSeptember, howevermarking the first declinesince February.
1.5
1.8
0.4 0.4 0.40.2
2
1
0
-1
-2
-3
0.50.7 0.6
-2.2
-0.5 -0.4
Jan 2019 Apr 2019 Jul 2019 Oct 2019
SOURCE: TRADINGECONOMICS.COM | U.S CENSUS BUREAU
Consumer Spending.
Tonnes600
500
400
300
200
100
Y-t-d central bank net purchasesare 12% higher than last year. 2010 2012 2014 2016 2018
Q1 Q2 Q3 SOURCE: Metals Focus ; Refinitiv GFMS ; World Gold Council
Gold Supplyand Demand.
0.6
0.1
0
0.2
0.4
0.6
-0.2
-0.4
-0.2
0.6 0.6 0.6
0.3 0.3 0.3 0.3
0.4
0.5
Jan 2017 Jul 2017 Jul 2018Jan 2018 Jan 2019 Jul 2019
SOURCE: TRADINGECONOMICS.COM | U.S CENSUS BUREAU
World Economies on Edge.
The story of 2019 was not just asordid tale of trade tensions,market volatility and political jitters.
(United Kingdom)
World Economies on Edge.
Here we show you the progression of the GDP in Mexico.
(Mexico)
SO
UR
CE
: CO
UN
TR
YE
CO
NO
MY
.CO
M | G
DP
ME
XIC
O
Quat. GDP Annual Growth (%)
Quat. GDP Growth (%)
Quarterly GDPDate
Quarterly GDP at market prices 2019
< GDP Mexico 2018
2019Q3 253,562M.$ 0.0% -0.2%
2019Q2 251,558M.$ -0.1% 0.1%
2019Q1 243,828M.$ -0.1% 0.0%
U.S.and China trade standoff What’s at stakeU.S. imported record $539 billion in goods from China in 2018, in billions
computers & electronics
Electrical equipment
Miscellaneous manufacturing
Machinery
Clothing
Fabricated metal
Furniture
Transportation equipment
Chemicals
Plastic $ rubber products
Lrather and similiar goods
Transportation equipment
Computers & electronics
Chemicals
Machinery
Oil & gas
Fram crops
Miscellanous manufacturing
Waste & scrap
Electrical equipment
$186.5
SOURCE: U.S CENSUS
U.S. and Chinatrade standoff:
Persistent trade deficits have a variety ofnegative economic consequencesincluding the loss of domestic jobs, higherinterest rates, a weaker currency andinflation risks.
What’s at stake
$49.9
$44
$38.7
$29.8
$26.5
$25.8
$27.8
$17.9
$16.2
$11.1
$7.1
$5.9
$3.7
$3.5
$3.4
$21.7
$21.4
$20.2
$20
U.S. exported $120 billion in goods to China in 2018, in billions
Gold-backed ETF holdings hit anew record of 2,855t
ETF Flows.Gold ETFs play an important role inthe global gold marketplace,particularly with respect toinstitutional and individualshareholders seeking a diversifiedinvestment strategy.
Holdings grew by 2585 in Q3 the highest level of quarterly inflowssince Q1 2016. Accommodative monetary policies, along withsafe-haven and momentum buying, drove demand.
2,855t
Market.World Jewelry
As of 2018
Jewelry accountsfor half of globalgold demand. (in percent)
China and Indiaare the biggest buyersof gold jewelry. (in percent)
3142
27
Technology Jewelry Others China
Central Bank
InvesmentIndia
50
SOURCE: World Gold Council
27
15
08
Oun
ces
(Mill
ions
)
2000 2005 2010 2015 2019
0
10
20
30
40
50
60
Central BankBuying.
Other nations are worried aboutthe fallout from the trade war, thepossibility of a currency war, andare seeking a way to sidestep U.S.sanctions. Regardless, the centralbank buy-up has stoked gold demand and helped fuel rising prices.
70
80
Central Bank Gold ReservesTurkey India China Russia
2019 was the year of globalmonetary easing as more than 30central banks around the worldcut rates in response to tradepressures, slowing growth, andgeo- political mayhem. EmergingMarkets, in particular, saw themost rate cuts in a decade.
-2.2
Map credit Zain Ullah
Central banks back into easing mode in 2019
SOURCE: Bank for International Settlements
GlobalEasing.
Russia
ChinaU.S.
Brazil
Argentina
Data compiled June 18, 2019.
* Bank of America Merril Lynch forecat.
Chile
Norway
Malaysia
PhilippinesNew Zealand
CzechRepublic
Loweredinterest rates
Raisedinterest rates
Expected to cutinterest rates*
Iceland
Macedonia
Sweden
India
Australia
GlobalDebt.Nothing makes the world more vulnerable to a downturn than its collective debt and since the financial crisis, world debt has surged to an all-time high.
The Ratio of Debt to Gross Domestic Product (GDP) for Key Economies
March ‘99 March ‘03 March ‘07 March ‘11 March ‘15 March ‘19
280%
300%
320%
340%
360%
380%
400%
100%
150%
200%
250%
300%
U.S.
China
Germany
Eurozone
U.K.
Japan (Right Axis)
To
tal
Cre
dit
to
th
e N
on
fin
an
cia
l S
ec
tor
as
a P
erc
en
tag
e o
f G
DP
SOURCE: Bank for International Settlements.FEDERAL RESERVE BANK OF ST. LOUIS
100
75
50
25
100755025
% of Rep/Lean Rep
% of Dep/Lean Dep PEW RESEARCH CENTER
Political Polarization.
% who say_should be a top priority for Trump and Congress this year
Republicans and Democrats differ over key priorotiesfor the president and Congress in 2019.
SOURCE: Survey of U.S. adults conducted Jan. 9-14 2019
Reps place greaterpriority than Dems
Terrorism Economy
Social SecurityImmigration
Military Crime
Budget Deficit
Global trade
Transportation
Race relation
Environment
Climate change
Drug addiction
Poor and needy
Eduction
Health care
Republicans andDemocrats placeroughly equal priority
Dems place greaterpriority than Reps
Medicare
Jobs
LoomingUncertainty.
18
350
300
250
200
150
100
50
0
Heightened Uncertainty
161412100806040220001998
A monthly index of global economic policy uncertainly A record high in August
SOURCE: Economic Policy Uncertainly
(Business Cycle)
Key Take-Aways.
Gro
ss D
omes
tic
Pro
duc
t (G
DP
)Depression
Trough
Time
Peak Recession
Expa
nsio
n
Recove
ry