Excellent post greaser, IMO. I agree with your outlook on things fully. When I responed to Tom last night, one of the important things I forgot to touch on was, the hold period on the bonds. I was commending him for making the right call on the bonds for a short term trade, and definitly not long term. A good example of this is the GIC,s, a return of 2-3% per year, but inflation rising at the same rate or higher. Plus the chance of devaluation of the currency they are bought in. Canadian dollars should remain stable or go higher, but any unforseen thing could change that. And thats another discussion.