logo
  Join        Login             Stock Quote

All Currencies Are Suspect

 February 07, 2010 01:14 PM


A comment on the blog last week got me to wondering. One of our Canadian friends made the comment that he's made nothing off of gold because the Canadian dollar has been strong. I think he was insinuating that the price of gold was only rising in the US and that only because the Fed is destroying the US dollar.


After looking at the preceding chart I have to conclude our Canadian friend is simply a poor trader :-) Actually as we all know gold is a very volatile asset and pretty tough to trade successfully so his mistake was probably that he was trading instead of holding. Even priced in a strong (relatively speaking) Canadian dollar gold is still up 200%.

The next set of charts speak volumes about the global monetary policy.







Every country in the world is printing at a furious rate. No one is innocent.

Recently the Australian and New Zealand central banks are showing a bit more commonsense than most, but it's certainly only a recent occurrence as gold rose 300% before backing off a bit. Besides who knows how long commonsense will last? Probably only until politicians start to feel the heat again.
Advertisement

Advertisement


Comments Closed


rss feed

Latest Stories

article imageDemand For Safe-Haven Bonds Surged Last Week

The crowd piled into investment-grade bonds last week as economic worries triggered an exodus out of risky read on...

article imageThoughts on MetLife and AIG

In some ways, this is a boring time in insurance investing.  A lot of companies seem cheap on a book and/or read on...

article imageA 2016 Recession Would Be Different

If the US or the Eurozone entered a recession this year, a few macroeconomic variables would look very read on...

article imageWhat's Next For Chipotle?

After stumbling badly on negative publicity about foodborne illness at some of its restaurants, the fast read on...

Advertisement
Popular Articles

Advertisement
Daily Sector Scan
Partner Center

Related Articles:

A 2016 Recession Would Be Different
More Articles on: Finance , Forex



Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.