I found this post on SH,,,,by Badger,,,interesting IMO
I checked exchange rates and it was about 1.15 to 1.18 (sell/buy USD vs CDN) back in 2006 at the gold $725 intraday-high around May10th since $725 was the high and considering the rate exchange it costed a Canadian $725 x1.18 = $855 Canadian dollars to buy Gold during that brief moment
today (since we are slightly above par with USD) we are only at $738 Cdn or so, therefore, we have to move up another $117 to get back to dollar-dollar weighted EVEN HIGHS FROM OVER A YEAR AGO
GOLD IS MOVING << A LOT >> HIGHER BEFORE IT EVEN GETS CLOSE TO A "BREAK OUT" ON A CANADIAN CURRENCY-GOLD PRICE BASIS
Gold might appear overbought on a typical US dollar chart but gold was at much higher levels briefly in Canadian dollar terms translated to USD and since that is normally the currency required to buy Gold then at the moment it only costs $738cdn now vs $855 May10th'06
the real breakout happens above $850
