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Politics : Stockman Scott's Political Debate Porch
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To: lurqer who wrote (16869)4/11/2003 10:39:47 AM
From: Jim Willie CB  Read Replies (2) of 89467
 
Canadian Dollar hit new highs yesterday, huge signal
reaction to Can$ too focused so far on interest rates alone
but it means more, much more

in my view, it reflects promising outlook for continued economic activity in Canada for natural resources and mineral exploration and production

the financial reason is interest rates
the commercial reason is resources/minerals

viewers and pundits and investors focus too much on single answers and single factors
when multiples rule constantly

very promising for Canuck economy and financials
here is something you guys havent thought of
borrow cheap American money at lower rates
invest in burgeoning Canuck resource/mineral business and associated investments
watch the C$ rise further
watch the investments rise further

there is a massive disconnect
demand for American money can continue much more without an increase in rates, because they are controlled low

THIS IS CALLED THE DOLLAR CARRY TRADE !!!
IT WILL INFLICT MASSIVE DAMAGE ON THE USDOLLAR
the financial circles do it differently, more directly
they borrow at 3-month TBill rates
they invest in C$ futures or oil futures or gold futures
they profit 150-200% per year, minimum

this process essentially reverses the criminal Gold Carry Trade in the late 1990's
and the criminal Yen Carry Trade in the early 1990's
what goes around comes around

/ jim
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