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 .
Why not go long the FXC instead?
Nice lookin chart and analysis Kevin has done. I think he is on to something.
Broker a
fxc is just very thin but thanks – did not even know that existed.
I may buy a little