Yes, but we posted 100,000 plus jobs in September (Canada) and a trade surplus that blow away expectations (Canada) which would normally be a positive for the CDN $. However, they do say our dollar is the petro dollar and oil has been rocked big time over the past couple of months which would also explain the decline. I also find it strange the strength in the US$ and must admit there are forces at work that are much bigger then me to understand.

Also, in times of fear Gold is often the safe haven. Yesterday gold got hammered and I am hearing it was due to world wide margin calls where everyone was selling gold (plus other liquid assets) to raise cash. If not for margin calls then why are they raising cash? One possible explanation does come from the Grandich blog that does suggest an explosive rally may be setting up. This is the link to the article:

http://www.321gold.com/editorials/ho...