Thanks Kerry, good points on Bombardier, i read this to him on the phone earlier, he was out following the open for the moment anyway, expects to get it back cheaper ... this part was most interesting - 'Nearly 87% of BBD's operating profits come from the aerospace division' - he expects to quibble with the point but needs to do research first -g- ... quite the young man, he's made impressive calls on tsx [tsix down there i think], nt, jdu, couple of others, and now bbd.b ... traded them all long in a bear market, and made good money overall, now having discovered women he's converted the majority of his capital into a vehicle, a fairly logical move at eighteen
One thing though - Canada and the US have a comprehensive reciprocal tax treaty, so i think you'll find there are no canadian taxes on US residents trading canuck plays through their US accounts .... for sure here, when i trade US through USD-denominated accounts with canuck houses, i deal only with Revenue Canada on the proceeds, i'm fairly sure this is completely reciprocal ..... the way they treat dividends is different, but that's hardly a problem with today's companies on either side of the line -g-
You will find considerable friction in higher commissions on crossing the border, also on the exchange, and in the case of too many US houses bad fills as well, some of them don't permit limit orders, which is fantastically poor service imho, i would fire such a broker instantly ... many US players speak highly of Pennaluna - penntrade.com .. but it's not registered in all states
'As far as the price of gold goes, I think it should be much higher right now, say around $360 to $375 (US$), but some mighty suspicious trading activity in gold prices this past summer has me leery that someone or some group(s) wants to keep a lid on the price of gold, at least until short positions are unwound, presuming of course that it's possible to unwind their short positions. To me, the situation is reminiscent of the Long Term Capital Management bail-out from the late '90s, and if my guess is true, then there's some mighty powerful players out there that can and will keep precious metals' prices suppressed.'
So, down deep you're a 'bug -g- ... i agree, though not always in public, as subscribing to conspiracy theories can get you marked as a flake ... but it makes sense - as the only real money, of course gold will threaten the jugglers of fiat, it acts as a control, both in the scientific sense of the term, and the political .... still, the thing is imho - how long can they do this, just how powerful are they, and at what point do they admit to themselves an overwhelming strength among the Forces of Light and stage a managed retreat to a new trading range of 340-360? .... not too long now, imho ... we shall see |
