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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Condor who wrote (20121)10/17/2004 5:54:39 PM
From: philv  Read Replies (1) | Respond to of 110194
 
I don't think Canada will easily accept a rapidly appreciating dollar. There would be severe economic consequences. For a lesson as to how to keep the Canadian loonie in check, the governor of the Bank of Canada could pick up the phone and make a long distance call to Tokyo.

A slow appreciation over years seems like a more probable scenario. If the US goes to hell, Canada, which is joined at the hip, will be dragged right along, with other countries following closely behind.



To: Condor who wrote (20121)10/17/2004 9:25:07 PM
From: ild  Read Replies (2) | Respond to of 110194
 
I agree with most of your points. Although in case of a market turmoil gold miners will also suffer from multiple compression. The market may well assign P/E of 4 to your favorite companies. Physical gold or gold futures may do better.


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