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

To: UncleBigs who wrote (52971)	2/7/2006 4:19:43 PM
From: re3	Read Replies (2) \| Respond to of 110194

-yep the canuck buck is down...BUT that doesn't save canadian holders of gold...they've still lost today... -i think the impact of real estate speculation and consumer spending will be bad in Canada , but what makes you say it is just as bad here as in the US ? -note, the energy shares here got hammered in the fall, then everyone wanted back in again soon enough...the tar sands will still be here and will have the same appeal tomorrow...what will hold up the US dollar ?

To: UncleBigs who wrote (52971)	2/7/2006 4:29:35 PM
From: Crimson Ghost	Respond to of 110194

And the "bullet proof" Russell 2000 also got hammered badly. Took a small short position in the RUT yesterday. Sold much of my gold yesterday too, but still have more GLD than I am short the RUT

To: UncleBigs who wrote (52971)	2/7/2006 7:43:51 PM
From: kris b	Respond to of 110194

Notice how the Canadian dollar is getting jackhammered today on the commodity selloff. This looks like a very vulnerable currency. The real estate speculation and consumer spending orgy is just as bad in Canada. Canadian dollar is another humpty dumpty trade. 35% of our GDP is directly dependent on exports (80% of Canadian exports go south of the border)to the US. If I am right about US/global economy going into severe recession/depression CAN $ will be trading at 50 cents US.