U.S. trade deficit narrowed to $64.3 billion on lower oil price and higher exports – bullish for dollar and bearish for bonds and gold
Sam Adelton
Nov. 9, 2006

U.S. trade deficit narrowed to $64.3 billion on lower oil price and higher exports – bullish for dollar and bearish for bonds and gold As predicted the U.S. trade deficit narrowed to $64.3 billion on lower oil price and higher exports. The growing economies abroad spurred demand for American goods.

The net effect on Dollar is good temporarily. The net effect on long bond rates is bad because the central banks in Asia will be less eager to but the treasuries.

The gold can slump here for many reasons. The change of guard in the Senate and House is bearish for Gold and bullish for stocks. The underemployment now will be exposed and all will be invited to participate in the prosperity.

The dollar can stabilize and then move up. Gold will continue to drift lower slowly. Stocks will now have the hard time.

U.S. trade deficit narrowed to $64.3 billion on lower oil price and higher exports – bullish for dollar and bearish for bonds and gold
Sam Adelton
The dollar can stabilize and then move up. Gold will continue to drift lower slowly. Stocks will now have the hard time.
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The underemployment, budget deficit and inflation bullish for Gold
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As long as underemployment and inflation alive, Gold will be going upwards. Underemployment puts an artificial lid on the long bond rates. The inflation make Gold favored over currencies
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The effect of Democratic Senate and House on stocks, bonds, commodities, currencies and Gold
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If Democrats can win both the legislative branch of the Government, bonds will rally, Gold will sump, dollar move higher slowly and stocks say where they are.
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University of Michigan confidence index pointing to an increasing level of anxiety among the consumers
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On Nov 9 around 10 AM EST, a very important data is going to come out. It is the University of Michigan confidence index. The market expects 93.4 from previous report of 93.6.
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