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To: robnhood who wrote (40967)5/20/2010 9:06:03 PM
From: SwampDogg  Read Replies (1) | Respond to of 233956
 
FWIW the chart of the C$ is exactly like most markets out there (ie if one believes that the markets are going to new lows below 2009 levels than IMO one must believe that the C$ is going back to the levels seen in the late 1990s in the low $0.60s) Any other conclusion would not be logical.
IMO the C$ could see the mid $0.80s on the correction but will see new highs in the $1.25-$1.50 range in the coming years.
I respect the bearish view but it must make sense. BTW amove in the C$ to the mid $0.80s in the coming weeks will probably result in gold and gold large caps going higher in C$ regardless what is going on with the $HUI