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

STOCKTALK

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 and Silver Juniors, Mid-tiers and Producers

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: marcos who wrote (53215)	11/21/2007 7:44:07 AM
From: tyc:>	Read Replies (1) of 78418

forex-markets.com I monitor closely the colours of the "change" column on this chart. Once again this morning the USD/CAD shows green. The increase in the CAD value of the USD continues, (making holding surplus cash in USD profitable to us as long as it lasts) My interest stems from a holding of XSP which has served me well while the Canadian dollar has trended upward. It has provided S&P500 performance PLUS the performance of the Canadian dollar which has been "as good as gold". Unfortunately, the converse is true; if the loonie starts falling, the currency element of XSP will detract from S&P500 performance. That's why I'm lightening.... tantamount to selling the loonie element.... It's interesting that a falling loonie actually enhances the CAD performance of a US stock such as SPX. (e.g. compare SPY:$CDW with SPY alone). (Incidentally my observations leads me to believe that perceived performance of gold and the CAD etc is largely the result of the falling US currency. Only a fall in CAD will cause a CAD/GOLD disconnect).

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next