View Full Version : Canuck dollar soaring (highest level in 28 years)... or just the US dollar plunging.
Tomasz Winnicki
April 29th, 2006, 12:49 PM
http://ctv2.theglobeandmail.com/servlet/story/RTGAM.20060428.wdollars0428/business/Business/businessBN/ctv-business
Mike in Denver
April 29th, 2006, 01:19 PM
http://ctv2.theglobeandmail.com/servlet/story/RTGAM.20060428.wdollars0428/business/Business/businessBN/ctv-business
Odd, I was studying the CAD (Canadian Dollar) charts just this morning -- pretty damned impressive. The AUD (Australian Dollar) is also doing well.
Caution!! There are always retracements, and they can be harsh. I was looking at the USD (US Dollar,) AUD, CAD, and XAU (Gold) charts to see if I could dig out any hints from previous performance that might give me some heads-up before the next major retracement.
Gold is rising at a high rate; the dollar is plunging just as fast, and traders, experienced and otherwise, are jumping on the band wagon. That usually happens just before the band wagon hits a tree.
I plan to be very careful in the coming weeks.
Enkidu
remnant
May 2nd, 2006, 02:11 AM
Markets think new Fed Chief Ben Shalom Bernanke ( yes, that's his real name )will not disappoint (LOL):
http://www.ahepa20.org/~chapter314/chopperben/
Itz_molecular
May 2nd, 2006, 05:04 PM
Odd, I was studying the CAD (Canadian Dollar) charts just this morning -- pretty damned impressive. The AUD (Australian Dollar) is also doing well.
Caution!! There are always retracements, and they can be harsh. I was looking at the USD (US Dollar,) AUD, CAD, and XAU (Gold) charts to see if I could dig out any hints from previous performance that might give me some heads-up before the next major retracement.
Enkidu
All the 'resource' currencies are doing well , especially those of white countries .
Canada is just packed with natural resources that the world is hungry for , Australia and NZ, too . American is no longer the resource rich nation it once was . We just have lots of blacks and browns , which no one wants .:rolleyes:
America is also reaching the danger point , of being overpopulated, and we are damn close to that , thanks mostly to insane immigration laws .
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