John Pitera's Market Laboratory Message Board

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Strategies & Market Trends : John Pitera's Market Laboratory

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To: John Pitera who wrote (2680)	8/21/2000 5:33:15 PM
From: GROUND ZERO™	Read Replies (2) of 33421

<<Trade deficit rises to $30.6 bln from a downwardly revised $30.3 bln in May. While the net figure is a new record size the deficit is smaller than the government assumed in GDP and the downward May adjustment will combine to add a good bit to the 5.2% GDP growth first reported for the 2nd quarter. Exports surged 4.6% and imports jumped 3.7% -- both to new record levels.<< I would have to construe this data as bullish for the U.S. Dollar Index and, inversely, bearish for all foreign currencies across the board, including the Gold market that is traded in U.S. Dollars..... GZ

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