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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: marcos who wrote (52216)	11/6/2007 4:16:02 PM
From: tyc:>	Read Replies (3) \| Respond to of 78426

I'm subdued.. For five years I've been following a strategy (I thought) of using the S&P500 as a benchmark. "The S&P500 is my gold", I said. Now I find that my benchmark has not been the S&P500 at all, but rather the S&P500 "hedged to the Canadian dollar"(i.e. XSP.to). Where ignorance is bliss.... ..The Canadian dollar has outpaced the S&P500, almost keeping pace with gold. .. My benchmark has outpaced the Canadian dollar. .. I have outperformed my benchmark. So without my realising it, my major investment has been hedged to the strength of the Canadian dollar, while tracking a US equity index. What now with the Canadian dollar at $1.08? Is the hedge still desirable or should I abandon what has been a winning strategy? (I'm still not sure what "hedged" means in this regard). Markets are very "forgiving", aren't they ?