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Strategies & Market Trends : Winter in the Great White North -- Ignore unavailable to you. Want to Upgrade?

To: marcos who wrote (4731)	6/16/2003 5:25:59 PM
From: tyc:>	Read Replies (2) \| Respond to of 8273

>>Against what, though? I find this a very interesting subject, so at the risk of boring ..... That chart I posted showed that GOLD has fallen in price for Canadians , and so has copper.... and so have US stocks. People seem to be mystified that that with a rising gold price gold stocks haven't climbed apace.... but if the gold stocks are Canadian gold hasn't risen.. it has fallen. Take a look at this chart... it is the S&P 500 in Canadian dollars. Everyone thinks the S&P has gone up, but for us Canadians it hasn't ! stockcharts.com[w,a]daclnnay[dc][pb50!d50,2!i!f][iUc20!Uf!Lb6!La12,26,9!Ll8!Lh14,3!Lyb50,2.0]&pref=G Now compare that chart with XIU-T which is the Canadian large-cap index ! The canadian stocks have way outperformed the S&P500 ! ! I cannot understand why Canadian businesses should be more valuable than American business just because the American currency is weak. Measured in Canadian dollars, American stocks (XSP-T) should have climbed as much as Canadian stocks have (XIU-T). If the strength of the Canadian dollar cannot be maintained against the American dollar, now is the time to sell Canadian stocks and buy American stocks, simply because the American stocks are going to get more expensive for us And of course the same applies to GOLD. If the C$ cannot maintain its strength against GOLD, now's the time to buy gold. If I am stating the obvious, please pardon me !