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 .

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