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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: CapitalistHogg™ who wrote (72248)	9/28/2006 6:13:48 PM
From: 8bits	Read Replies (1) of 206317

"DISCLAIMER: In case you hadn't guessed I'm short the CAD" Have you taken all the factors into play..? Interest rate differentials, Current account status, Budget Surplus/Deficit (Canada has a federal government and current account surplus..) Global current account status for 2005: cia.gov Discussion of Canadian imports/exports: statcan.ca A pretty big part of their exports is automobile related, note: "Exports shrank $2.0 billion to $112.5 billion while imports rose $1.8 billion to a record $99.7 billion. The value of energy product exports improved somewhat in the second quarter, following a drop of $4.5 billion in the previous quarter. While prices of natural gas continued to diminish, prices of crude petroleum rose by more than 20% during the quarter, notably due to much higher prices for heavy crude petroleum, which accounted for roughly two-thirds of the total export volume. Lower exports of cars during the second quarter resulted in a $1.7 billion reduction in exports of automotive products. This was the lowest level of exports for this group of products since 1998. Machinery and equipment exports fell $0.8 billion during the quarter, the drop being spread among most of the components, while forestry products continued their downward trend which started two years ago. These decreases were partly offset by an improved performance for industrial goods, notably metal and alloys products. Imports of energy products rose $1.8 billion in the second quarter. Crude petroleum accounted for most of the rise as both prices and volumes went up while petroleum and coal products also registered a significant increase." Canadian Federal Budget fin.gc.ca Interest Rates: bankofcanada.ca I don't play currencies myself, too many variables.

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