Canadian Dollar – a safer way to play a gold and oil rally?
- Posted by Howard
- on February 17th, 2007
Not sure, but I am bullish on the Canadian Dollar. No one in Canada believes in their own dollar. Inferiority complex I guess. I see things differently as a transplanted Canadian.
Before the Candian dollar run is over, it should shoot well past what anyone believes is possible and I think past par and past $1.10 U.S.
Safest way to play that trade would be to open a canadian cash account at a bank and just leave it. Canadian denominated gold and oil equity positions are a more aggressive play.
Here is a good post that I found from Kevin’s blog that puts some meat on my long-term trend trade .
The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.
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Born in Toronto, lived in Phoenix for 20 years and now in Coronado, CA with a loyal wife (15 years, 14.2 Canadian years), two awesome kids and a dachshund. My current start-up is called Stocktwits and I am a co-founder and CEO. More »
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