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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: Canuck Dave who wrote (99067)11/18/2007 10:41:01 AM
From: tyc:>  Respond to of 313013
 
>> the story this fall has been that the Canadian dollar has risen faster than gold

You're right ! Canadian cash has certainly not been trash. What now ?

In an American book on index funds, (by Ferri), I read;

"Another reason for adding international stocks is that these investments carry currency exposure, which hedges an (American) investor against devaluation in the US dollar."

Canadian stocks have served them that purpose. Perhaps American stocks (or index funds) will reciprocate for us,

I notice that you are contemplating that.

>> "I was just thinking "Maybe I should convert some dollars and reenter US markets".

If the US$ strengthens AND US stocks also strengthen, there'll be a double-whammy benefit. If both fall further there'll be a double-whammy hit. So for my money it will only be a hedge.



To: Canuck Dave who wrote (99067)11/18/2007 11:53:36 AM
From: Little Joe  Respond to of 313013
 
DAve:

I live in USA, most of my Canadian stocks have gone up, so I have gotten the benefit of the rise in the stock plus the currency differential. A double banger. Also the few that haven't participated in the rally are still ahead in US dollars. I have several which were purchased when the Canadian dollar was in the low to mid 90's which could be sold for a profit in US dollars.

So from my point of view investing in Canadain stocks has worked out well

Little joe



To: Canuck Dave who wrote (99067)11/18/2007 5:26:03 PM
From: Claude Cormier  Respond to of 313013
 
Gold in CAD has risen fom $700 in mid-august to $766 right now with a peak near $805 last week. So it ain't that bad. The long term picture is not as good as gold in CAD was also near $805 in January 2007 and May 2006.

The CAD will continue to do well, but in the end, gold will increase faster.

At the time gold exploration stocks (with growing resources) and $CAD are bset for canadian investors. Not yet gold itself.


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