Gold had its best days – the fiscally responsible US Senate and Congress will bring the correction
Alan Hersey
Nov. 8, 2006

Gold will start losing the luster in the next two years. With stocks gold market will correct heavily because the fiscal responsibility will be back in the US Government.

The rise of Gold was from the underemployment in US economy, outsourcing dollars in the hand of India and China and a lot of Cash in Middle East oil tycoons. The budget deficit and trade deficit drove the price of gold higher and dollar lower. The American people have spoken. America will not tolerate other countries to take advance of American ‘goodness’ and ‘tolerance’ of dumping India and China’s unemployment on American side of the border.

What that really means is fiscal responsibility, trade fairness and oversight over the behavior of the large corporation behaviors especially the oil companies.

That will be bearish for gold, oil and stocks. The market internals, technical patterns and analytics was showing deep trouble in the gold, oil and stock markets. Now the fundamentals are also in place.

Gold had its best days – the fiscally responsible US Senate and Congress will bring the correction
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