As we watch the price action in ECU, we may miss the action in the loonie. The CAD/USD has been moving up nicely since mid march. Today the we are just above .85 compared to .77 in early march.

As the new york manipulation of the $ and $ denominated bond markets becomes more obvious and less effective, the US $ continues to fall. This is reflected in higher prices for the precious metals and better US prices for our canadian stocks. A double whamy for the steadfast holders of little gems such as ECU.

I am just about ready to get pom poms, a skirt and begin cheer leading! Not to worry, there will be no pictures. :)