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  • jamessmarson3 jamessmarson3 Jan 10, 2014 9:39 AM Flag

    I'm Ruined!!!

    my whole investing career is ruined because of the stupid USD/CAD. Why the hell is the U.S dollar going up so much. How can I convert money from Canadian to U.S. if I lose 10? I won't convert partners money and lose them 10% if they want to invest now therefore I can't invest any new money.

    Anyone think the U.S. dollar will start declining relative to CAD. I am not a great currency investor but I am guessing due to the improving U.S. economy people are irrationally buying lots and lots of U.S dollars.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • The U.S. is slowing the printing of money. That will increase the dollar value. Jim

    • Hey James, I do have a take for you on this matter. Data out of Canada on Friday showed a surprise setback for the job market in December capping the worst year for hiring since 2009. Not good for the CAD. For instance, with nonfarm payroll rising only 74,000 last month in the U.S. there was widespread selling of the dollar today. The exception being against the CAD. I have no idea what the job market looks like for you guys in the future, but hopefully it will improve for your sake. Now, I sold precious metals for years a long time ago so I payed attention to the relationship between gold and the USD. If tapering continues, if the U.S. economy continues to improve, if this months payroll numbers are just a blip on the downside, the dollar should continue to strengthen and gold should continue to drop as time goes on. It would suggest to me more strengthening against the CAD. James, you have foregotten more about investing than I will ever know so I hope I am not boring you.

 
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