Edited by calmcookie, 06 November 2007 - 02:06 PM.
Canadian dollar - was over 108 ! Any targets?
Started by
calmcookie
, Nov 06 2007 02:03 PM
6 replies to this topic
#1
calmcookie
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calmcookie
Posted 06 November 2007 - 02:03 PM
Any TA targets for Cdn dollar or gold ... or WHEN will this end? I'm loving the loonie rise !
And U.S. dollar to hit bottom of bucket ... and fall through other end ... YIKES !
#2
eminimee
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I don't care who's fur is flying...
Posted 06 November 2007 - 02:06 PM
No idea where it will stop...I wouldn't look to short it anywhere at the moment.....just watching in awe.
http://stockcharts.com/c-sc/sc?s=$CDW&p=D&yr=1&mn=6&dy=0&i=p66408566047&a=51109535&r=9800.png
http://stockcharts.com/c-sc/sc?s=$CDW&p=D&yr=1&mn=6&dy=0&i=p66408566047&a=51109535&r=9800.png
#3
fib_1618
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Posted 06 November 2007 - 02:37 PM
For currency traders, it's always been "rule of thumb" that during times of US Dollar weakness, money moves into the Canadian Dollar because of it's economic connection as it applies to both energy and mineral resources.Any TA targets for Cdn dollar or gold
Therefore, like the price of gold, the Canadian Dollar is showing 3rd wave characteristics...a "Wonder to Behold" and where the trend is "undeniable".
Though I don't have an upside target for the CD, a reasonable target for gold is around $1100.
Fib
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#4
Woody
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Posted 06 November 2007 - 04:00 PM
not so great for those with US Stocks and US Property!
#5
vitaminm
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Posted 06 November 2007 - 05:03 PM
fxc
At current speed 123-125
quote name='calmcookie' date='Nov 6 2007, 01:03 PM' post='327211']
Any TA targets for Cdn dollar or gold ... or WHEN will this end? I'm loving the loonie rise !
And U.S. dollar to hit bottom of bucket ... and fall through other end ... YIKES !
[/quote]
[/quote]
vitaminm
#6
PorkLoin
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Posted 06 November 2007 - 05:29 PM
CC, I told you so:
July 31, 2005 (C-$ @ .82 US): You sure can open a Canadian account and stock it with Canadian Dollars. I also think that in the long term this is a good move, as I feel the C-$ will continue gaining on the $US, due to the massive amount of resources up north of us Yanks. Canadian GDP should gain on that of the US with respect to total share of the world market.
August 28, 2006 (C-$ @ .90 US) One other thing to consider for the Canadian trusts as well as Canadian companies, period, is the exchange rate with the US. Above is the Canadian Dollar in terms of the US Dollar. $C has been gaining on the $US as the bull in resources goes and as Canada's balance sheet gains on that of the US.
June 2, 2007 (C-$ @ .94 US): I know it's FA but same as a couple months ago and a couple years ago:
Canada = much more resource-based economy than the U.S. Currently is running a surplus, if you can believe it when a government says that. It ought to go up versus the $US.
And of course I guess size does matter and interest rates do too. Quite the move of the last few years. I know some are looking for a bottom in the $US but long term I think it's a bear deal there. Very prudent and profitable to have some of one's money outside the US.
It's just plain gassing on it, up almost 30% from the lows earlier this year. Sheesh.... I don't think fundamental conditions have changed any, either. Enjoy the ride. Only have a few things like the ogm-recommended GIGM in the US. All else is outside - I think the fast-growing economies are the place to be. Sure, this was just blowing my own horn but trends like these should be accepted at face value.
I now see that GIGM is Taiwan/Singapore. Righteous!
Best,
Doug
July 31, 2005 (C-$ @ .82 US): You sure can open a Canadian account and stock it with Canadian Dollars. I also think that in the long term this is a good move, as I feel the C-$ will continue gaining on the $US, due to the massive amount of resources up north of us Yanks. Canadian GDP should gain on that of the US with respect to total share of the world market.
August 28, 2006 (C-$ @ .90 US) One other thing to consider for the Canadian trusts as well as Canadian companies, period, is the exchange rate with the US. Above is the Canadian Dollar in terms of the US Dollar. $C has been gaining on the $US as the bull in resources goes and as Canada's balance sheet gains on that of the US.
June 2, 2007 (C-$ @ .94 US): I know it's FA but same as a couple months ago and a couple years ago:
Canada = much more resource-based economy than the U.S. Currently is running a surplus, if you can believe it when a government says that. It ought to go up versus the $US.
And of course I guess size does matter and interest rates do too. Quite the move of the last few years. I know some are looking for a bottom in the $US but long term I think it's a bear deal there. Very prudent and profitable to have some of one's money outside the US.
It's just plain gassing on it, up almost 30% from the lows earlier this year. Sheesh.... I don't think fundamental conditions have changed any, either. Enjoy the ride. Only have a few things like the ogm-recommended GIGM in the US. All else is outside - I think the fast-growing economies are the place to be. Sure, this was just blowing my own horn but trends like these should be accepted at face value.
I now see that GIGM is Taiwan/Singapore. Righteous!Best,
Doug
Edited by PorkLoin, 06 November 2007 - 05:31 PM.
#7
vitaminm
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