MARKET COMMENT
November 9, 2006

Today was all about long forgotten {at least in modern
investment time frames} energy and precious metals market. China made a statement that it was
shifting some of its reserves from the dollar to gold and oil. This is not such a big shock but it’s curious
that it came after the US
election. {Do you think Paulson’s recent
trip to China
had something to do with that timing?}









Looking around at other markets, not everything took a hit
today.






Of course there are many more markets to discuss as the week
winds down. One thought to leave you
with is contemplating much discussed market manipulation. Many cynics {you know who you are} have felt
that the Treasury and Fed have been pushing markets higher by injecting
liquidity in advance of the election to make things look good for republicans. Now that the Dem’s
are “in”, does that mean they’ll stop these activities? That’s something to think about over the
weekend.
I’ll be visiting with subscribers over the weekend. Have a great weekend!
Disclaimer: The ETF Digest maintains positions in: GLD, CEF,
IEF, IBB, FXI, EEM, EWP, EWC, IEV, and EWM.