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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: LoneClone who wrote (72245)	9/28/2006 1:50:44 PM
From: CapitalistHogg™	Read Replies (3) \| Respond to of 206316

The Canadian economy is booming and will continue to boom as long as commodities continue their bull,... Yes I agree Canada is booming, M&A activity hasn't been this high since the tech bubble in 2000. But the Loonie has an 80% correlation (approximately) with crude and was undervalued this summer when crude was in the high seventies. Now crude is in the 60's yet the loonie does not care!! In fact most of the commodities you guys export have either come down significantly off their highs or have been gutted (Gasoline NG & lumber ). At what point do you think crude and other exports would have an effect on the loonie? 50's? 40's? Would do you agree that the loonie is a commodity currency? DISCLAIMER: In case you hadn't guessed I'm short the CAD

To: LoneClone who wrote (72245)	9/28/2006 4:35:13 PM
From: t4texas	Read Replies (1) \| Respond to of 206316

i hope your "trusted" canadian government bodies, whether national or provincial, are not as dumb as the california legislature, et al, were in the tech bubble times. those dumb shits just assumed the tech profits were here to stay. canadian legislative bodies, certainly, would never assume commodity prices are high to stay. right? 2007 and 2008 are going to be interesting for you up there. the crb has already broken down on a very long term basis, and it is time for a pop back up now that the 50 day ema has crossed the 200 day ema. i expect the crb to stay below the 200 ema for quite a long time now. stockcharts.com stockcharts.com