Gold and Silver Juniors, Mid-tiers and Producers Message Board

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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: Metacomet who wrote (63900)	3/3/2009 1:01:19 PM
From: kayco	of 78419

"Part of problem is I am holding Canadian miners and the Canadian dollar is getting hammered." I am not sure how fast the Loonie will come back. During the late 50s and early 60s I think the $CDN was actually at times a couple of cents more expensive than USD, but I think since 1980 or so the Canadian dollar has always been below the USD. The fact that the Canadian auto industry is probably not going to be producing a lot of cars and Canada is being thrown back more on her raw materials could make $CDN weak for a some time. Raw materials do not make for a strong currency. That is an opinion. I am not sure what rate was during the 30s.

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