Hi Primero. I remember when the Cando hit around 1.10 some time ago, and complaints began surfacing in the press from some Canadian industries complaining they would have a hard time surviving at that price and might not survive at all. The lumber industry was one, if I remember correctly.

It wasn't long after that that the currency began its long slide, and I have often wondered if there wasn't some kind of cooperative push behind it. If the Cando ever gets near 1.60, I can only wonder what effect it will have on Canadian industries, including mining. Maybe some of the guys here have a good perspective on that.

I've wanted to be long the Cando for a long time through the juniors, and though watching it the past several months has activated my cardiac reserve, owning the juniors now seems to be a good place to be, at least for us south of the border.