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Message: Re: Big move for Canadian Gold

Any revenue we have is to sell gold denominated in Canadian Dollars, ergo, very relevent. The amount of production is another matter...wish it was more, color me patient.

Also, note that the gold move is 2x the currency move..so a USD drop and gold spike could see gold outperform the move in canadian dollars as I suspect that they will both move up. This tells me that the fundmentals of gold are stronger than the fundamentals of the loonie.

I don`t really expect the loonie to go further than parity against the USD because Canada is so reliant upon the US for exports. Our policy decisions will bring the loonie down to keep the US market open. This is bullish for CDN gold too.



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Nov 20, 2008 11:23AM
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