SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Gold Price Monitor
GDXJ 150.31+2.0%4:00 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: IngotWeTrust who wrote (96053)10/11/2003 10:39:31 PM
From: Gabe Heti  Read Replies (1) of 116927
 
To complete the argument, with the US dollar falling 26% wrt the Euro and the Canadian dollar rising 21% wrt the US dollar, the Canadian dollar will drop by around 5% wrt the Euro.

So the US$ will fall 26% and the C$will fall 5% relative to the Euro, which was my original point. That's 20% of the US$'s fall. I had estimated 50%.

Incidentally, while gold rose 15% in US$ and fell 3% in C$, the C$ rose 19% relative to the US$ in the last 12 months. The same as the difference between the performance of gold in those two currencies of course (15%-(-3%))=18%. Close enough. Simple math.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News