posted on
Mar 14, 2011 10:58AM
Gold going up because the usd is going down won't help us unless the cnd dollar also goes down. In the end the price of gold in cnd dollar is what makes us more profitable not in usd.
Same thing happens when the barrel of oil stays the same worth but it takes more usd to buy one, usually when this happens the cnd dollar Dosent move so yes oil is "up" but that Dosent increase the profitably of the cnd oil co's.