Posts tagged as:

US dollar

Will the Winter Olympics 2010 Be Good for the Canadian Dollar and Canadian Economy?

January 21, 2010 · 4 comments

in 2010, British Columbia, Canadian, Canadian dollar, Canadian economy, Olympics, entertainment, forex, news and updates, seasonal investing, special dates, sports, winter

Between February 12 and 28, 2010, all eyes around the world will be on Vancouver, BC, Canada for the 2010 XXI Winter Olympic Games.  More than viewers around the world, the Winter Olympics are expected to attract thousands of new visitors, tourists, athletes and Olympic personnel to the lower mainland of British Columbia.  But just [...]

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Why You’re Wrong If You Think Gold at $2000/oz Is Unlikely… or Worse, Just a Bubble

November 27, 2009 · 8 comments

in US Treasury, US dollar, central banks, commodities, currencies, foreign investment, forex, gold, hyperinflation, inflation, international economy, mining, precious metals, resources, wealth protection, world reserve currency

A gold tsunami is at our doorstep.  It’s not about a bubble, trade or even a wall of fear.  It might be partly some of each of those things, but that’s because it’s much, much bigger than each of those things.  And I’m no gold bug – nor do I keep a cabin hideaway full [...]

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6 Reasons Why The Price Of Gold Is Going Up

November 10, 2009 · 15 comments

in US debt, US dollar, US economy, gold, international economy, investing, wealth protection

It wasn’t surprising at $1000/oz, but even at $1100/oz this week, the naysayers are still in full force.  What’s to deny about the trend in gold prices?  You don’t have to be a gold bug to see what’s happening.
Here are the six main factors causing the price of gold to continue to rise.  In some [...]

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Historical Highs and Lows of the Canadian Dollar Against the US Dollar

October 3, 2009 · 3 comments

in Canadian dollar, currencies, exchange rates, forex

With the US dollar in a general bear market decline since about 2001, more and more speculation and trading is beginning to reflect lower expectations for the greenback as a result of the US Fed’s unprecedented levels of “quantitative easing” and fiscal stimulus.
This has Canadians enjoying the resulting higher values in the loonie and greater [...]

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Caution Urged on US Dollar Reserve Currency Status By World Bank President

September 27, 2009 · 0 comments

in Timothy Geithner, UN, US dollar, World Bank, news and updates, world order, world reserve currency

The US dollar has served in the role of world reserve currency since 1944, but there is nothing intrinsic about the US dollar which requires that it – and not some other, new currency – continue to fulfill that function.  If anything, the long-term secular decline in the greenback since 2001, coupled with much more [...]

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Commodities Currencies Trade With Oil Prices

September 14, 2009 · 4 comments

in Canadian dollar, Canadian economy, US dollar, commodities, forex, oil

The Canadian dollar (CAD) is a commodity currency, for better or for worse.  This means that global traders view its worth in terms of the commodities produced within the Canadian economy: gold, timber, silver, nickel, potash, wheat, natural gas and, of course, oil.
By far the most strong correlation with the value of the Canadian [...]

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A New Trick For Stemming Inflation? The Fed Now Pays Banks Interest For Masses of Excess Reserves

August 7, 2009 · 1 comment

in Federal Reserve, banks, capitalism, inflation, interest rates

Here’s a graph showing the amount of “excess” (beyond required amounts) reserves held by U.S. banks.  It covers quite a span of time, but it’s the best-looking one I found showing the relevant data.  The graph also gives just a bit of sense of the extent of the unprecedented nature of money-pumping going on at [...]

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