CPM Forum
General => General Forum Comments => Topic started by: twoinvallarta on April 13, 2007, 07:21:38 pm
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I'm against sellers selling notes in USD for some time,especially if said dealers are hoarding notes bought in this doomsday currency.The USD has lost all support technically,and you had better divest yourself of it or be prepared to lose another 25-40% in the next year or two.This could be devastating,but if your a Canadian collector, buying paper currency or coin in the cando will become more and more attractive as the days wear on,be patient.
The $USD Black Hole of Calcutta, defined as .8230 support fell overnight and thru today like a hot knife thru butter. Soon you will be looking back at 1.36 on the euro.
The US dollar is headed for .7200, the euro to $1.36, a quick hard down, and then well beyond on the upside. Gold is going to $761 but that is only for starters.
As we told our clients .8208 the dollar goes bye bye.Sure enough that fell quickly today as well.. Next stop the battle at the bridge of .8057. Once again if it gives up the ghost at .8057 then .5600 is the downside target. If it puts up more of a fight then .8230 did then .7200 is the pull.
Take a look at the 1month,3month,and 1 year chart of the USD.I have not seen a chart this ugly since Enron.
Finex close 81.93-- $1.13778, several years ago it was $1.6165.
You aint seen nuthin' yet folks!
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I thought the C$ was a reflection of oil prices. As Canada exports oil, with the demand for oil, does that not create a demand for the C$. Technical analysis aside, is the C$ not strong more based on these fundamentals?
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I wish I had a dime for every financial prediction I ever heard
BubbleVision,CNBC,ect and such are un-educated buffoons imo.
This thread is for educating collectors about their investment ,be it coins or paper money.And like practically everything you state,it is just an opinion,not investment advice.
If you doubt my conclusions look at history and a chart.
The dollar was $1.61 to buy a usd several years ago.Suppose you bought a Canadian 1935 $2.00 Unc at $1150usd.That note cost you $1851.00 Canadian several years back.You are adamant about Charlton pricing,so this note is now worth $1800.Canadian dollars according to all that you write.
Well my argumentitive friend,after several years of holding this note in US funds ...YOU ARE STILL NOT EVEN!! DARN!
Oil at $120? Maybe ,maybe not,but We dont collect oil here.I can argue a price and it sure as h--ell aint $63.00 pb..But i digress....
If you're wrong, what then?
Im not.
If Im right collectors need a heads up.
In case you missed it the $USD has fallen some 33% over the last 2 years.Uhhh,you think that's piddly? Not worthy of collectors attention.It has fallen 45% from its highs,if I'm holding notes in USD,that's not worth our attention? HuH?
Let's close this rediculous thread.
Ridiculous?? To close this discussion because you say so,based on your false conclusions,now thats ridiculous
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I thought the C$ was a reflection of oil prices. As Canada exports oil, with the demand for oil, does that not create a demand for the C$. Technical analysis aside, is the C$ not strong more based on these fundamentals
Hi jasper.Yes indeed.The petrodollar puts the"cando" in demand,butthat is not the only driving force.Mining,resources.REM's andlumber are some other factors driving the canukbuck north.
I think the question though should be,what is driving the us dollar south against most currencies world-wide?
It has broken all support,and if you understand markets and cycles,that is what will keep you in financial health.If I was American,I'd Canadian and Euros as a diversification.Of course there was a time when buying the USD was a great tool for increased wealth.
An extremely important factor to consider when purchasing,and holding Canadian paper money bought in US Dollars
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The C$ has always been undervalued so it is no surprise to see the rise. Certainly it would be foolish to bet against the technicals as I guess that is a quantitative way of capturing sentiment. The stock market meltdown taught us all to respect technical analysis.
An extremely important factor to consider when purchasing,and holding Canadian paper money bought in US Dollars
That has been one of the best parts of collecting Canadian paper money. :)
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I wish I had a dime for every financial prediction I ever heard.
There's no accountability for people who make bold predictions, so that's why they make 'em. And why I don't listen to them.
I predict that ECA prefix 1973 $1 notes will reach $50 each in VG by the end of the year.
Now I wonder how many of you are thinking "what does he know that I don't???"...
[edit]NOTICE!!! The above is 100% completely SARCASM. There is nothing, I repeat, NOTHING special about ECA prefix $1 notes. At least two people have been independently caught hook, line and sinker taking the above prediction seriously.[/edit]
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I predict that ECA prefix 1973 $1 notes will reach $50 each in VG by the end of the year.
Now I wonder how many of you are thinking "what does he know that I don't???"...
BC46b 1973 $1.00 notes Prefix range ECA-ECU Crow Bouey currently catalogue at $4.00 in UNC. There was a total print of 180,000,000 notes in this prefix range. However it was recently discovered the the ECA range which was believed to consist of 15,000,000 notes of which over 12,000,000 were immediately pulled due to a toxin found in the ink. This was not announced to the public until bulletin #245BC34A -23 was released at a private conference in Ottawa today.
From the 3,000,000 remaining notes over 2.5 million were treated with a chemical solution to avoid any contamination that may have gone into the fibres. Thereby immediately deteriorating the notes to an extra fine condition at best. Of these .5 million left, the Bank of Canada heldback approximately .3 million notes as a precaution. Into circulation is less than .2 million notes and how many are actually in an AUnc condition. This is obviously why the VG codition will get to $50 or more by the end of the year.
FRIEDSQUID
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I predict that ECA prefix 1973 $1 notes will reach $50 each in VG by the end of the year.
Now I wonder how many of you are thinking "what does he know that I don't???"...
Da mn! There they go again.Proving knowledge is power.
I'd never call something or a subject ridiculous that I know nothing about.
Astounding Brent-but given your KNOWLEDGE of notes,the hobby,BOC history,and so much more I aint bettin' against you.
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Thanks friedsquid
You've given me an education today! :)
I
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I'll be away for awhile-- have to go.... "shopping". ;)
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I admit I don't know much about the stock market, etc, but here's my 2 cents just the same on the Canadian and US dollars.
A) I suspect that the quagmire in Iraq (& trillions poured into it) isn't helping the USD (or its reputation worldwide).
B) the weak USD doesn't help the Cdn dollar because our economies are so intertwined
C) the construction boom is still raging in ON, as is the oil boom in ALTA... I just hope they continue (with low unemployment), and that the Cdn economy kicks along as steady as she does..
So with our robust economy why isn't our dollar performing better? Our dollar has been traditinoally undervalued & should be rising all the time! But it doesn't because like the US (who's pouring trillions of USD after poorly spent USD's) we're pouring billions of CDN $ into military operations in Afghanistan. I suppose the only consolation is that at least we're somewhat admired for the way Cdn forces are subtly re-building a nation and gaining international credibility as "peace keepers." But being so tied into the US there's a price to be paid...and I think our dollar will always be rather soft compared to international currency.
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I my opinion I think da US buck is going down the longer they stay involved with Iraq. The $C not as bad. Why you say?
I believe its the quality BC Bud or any BUD from Canada going to the US mon. Can't kept dem American folks from smokin up. Our salmon belongs to dem, dey no want our wood, BC's a no mining zone. So do we make money on our good looks? No, no, no... dey want the Bud and that's what keeps BC in da black mon.
Just to let you know, My little lady and I live in a smoke free home mon. ;D ;)
PD
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There's no accountability for people who make bold predictions, so that's why they make 'em.
I've been saying that about weather forecasters for the last 30 years. Despite vastly improved computer technology weather forecasting is still no more reliable than it ever was, just as financial forecasting is no more reliable than it ever was. If financial forecasting were so reliable it would have been able to predict previous stock market crashes before they occurred! Forecasting (weather, stock markets, currency exchange rates, political polls, etc.) is a big business in and of itself and that's why there's so much of it everywhere you look.
And lest we forget, financial forecasting definitely has a significant influence on how people react (the "herd instinct") and therefore on the markets themselves, which is not the case with the weather!
More to the point as far as this thread is concerned, the herd instinct applies equally well to the paper money market and my guess is that a lot of people are now going to be actively searching for those elusive $1 1973 ECA prefixes that BWJM generously brought to our attention ..... :)
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I predict that ECA prefix 1973 $1 notes will reach $50 each in VG by the end of the year.
Now I wonder how many of you are thinking "what does he know that I don't???"...
Da mn! There they go again.Proving knowledge is power.
I'd never call something or a subject ridiculous that I know nothing about.
Astounding Brent-but given your KNOWLEDGE of notes,the hobby,BOC history,and so much more I aint bettin' against you.
Just goes to show that sometimes there may be a fact that is not widely appreciated that may gradually be responsible for a trend. I think the market behavior may capture this, causing prognosticators to make all sorts of predictions while in the background there may be a real reason why something is behaving that way. In the case of the US$, with all the friends the US has made amongst oil-producing nations, it is conceivable that one day oil may come off a US$ standard and go to a EURO standard. This may be responsible for the technical breakdown of many supports for the US$ against most currencies.
I wish I had a dime for every financial prediction I ever heard. US or Canadian dime, it doesn't matter to me! I'd be rich either way. Every time a market starts to move in a certain direction, the media can always count on finding "talking heads" who will make outlandish predictions. When the Canadian dollar was at 62 cents U.S., I heard these guys saying "Get ready for the 50-cent dollar". Now it's 88 cents and the talking heads are saying "Get ready for parity between US and Canadian currency". I'm still waiting for oil to hit $120 per barrel; it hasn't happened despite guarantees that it would.
If you're right, I'll say "good for you". If you're wrong, what then? There's no accountability for people who make bold predictions, so that's why they make 'em. And why I don't listen to them.
Let's close this rediculous thread.
RP, I think these discussions, while off-topic are very relevant to any collector who collects something that costs money. It would be very naive to assume that for CDN paper money, the buyers are all in Canada so who cares what the C$ does relative to other currencies. We are not privy to knowing who buys a lot of CDN paper money at the major auctions but it may surprise some to find out that much of the material sold at these auctions is actually leaving or has left Canada. Look at ebay and in terms of $ value of auctions, I would bet that at least 25% of CDN paper money bought is sold to buyers outside Canada largely because CDN paper money is still cheap relative to US and other international paper money. This is not just my opinion but also that of other American dealers/collectors who are still net buyers of Canadian paper money. For those of us who earn our living in currencies other than C$, and who are collectors, it is VERY relevant what the C$ does in the long term. I would bet that if the C$ were sliding every day, there would be significantly less demand for Canadian paper money at least from outside Canada. And seeing as these collectibles sell at auction, if the high bidder or second-highest bidder pulls out, well prices plunge.
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Well I'll just have to wait for the next 5 Charltons to about this UNC......
Denis
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.....or maybe this AU.......maybe not.....I.....can........feel the toxic contamination............getting the best.........of...."cough"...."cough".....m..e......
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A) I suspect that the quagmire in Iraq (& trillions poured into it) isn't helping the USD (or its reputation worldwide).
True enough.The more you print,obviously less value becomes attached to it.
Consider 10,000 consecutive Gem Unc 1935 $2's were found and offered on the market at the same time.Logic dictates that realized prices may fall from current $1800.00 per.
The usd has quietely been taken off its lofty perch as the reserve currency of the world.I stated this fact at the CPMF when it was trading $1.32,now trading $1.13.
This is a complex issue,far to involved to dissect here.Collectors need to be aware that holding paper notes in usd is going to hurt them financially.
Why buy 10 UNc 1937 $1's at $700usd x $1.1380 = $796.60 CND presently when in the near future holding those same notes will drop in value for Canadian dollar purchasers to,say $700 X $1.01=$707 CND.
Im being very kind to the usd in the above example-it's going a h-ell of a lot lower than that.
And that's the bottom line
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[I've been saying that about weather forecasters for the last 30 years. Despite vastly improved computer technology weather forecasting is still no more reliable than it ever was, just as financial forecasting is no more reliable than it ever was. If financial forecasting were so reliable it would have been able to predict previous stock market crashes before they occurred! /quote]
This is where the example used above is like comparing "apples to oranges" to quote a cliche.
Weather forecasters use "tools" that perdict future events.
Financial "trends" are not perdictions, "tools" are used along with sentiment,and various other factors to evaluate the PAST and look at where the future may be headed.When a large boulder is rolling downhill,you'd better get out of it's path or you'll be crushed.
If financial forecasting were so reliable it would have been able to predict previous stock market crashes before they occurred
Again,this statement is false--EVERY,and I mean EVERY stock market crash has been perdicted.BubbleVision, as we in the currency and stock markets call CNBC,will not give you this information.It is contrary to their very existence.You just have to know where to get the information,but most important of all....You have to listen.
I sold ALL USD holdings at $1.57 give or take,think I listened? ;)
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In the case of the US$, with all the friends the US has made amongst oil-producing nations, it is conceivable that one day oil may come off a US$ standard and go to a EURO standard. This may be responsible for the technical breakdown of many supports for the US$ against most currencies.
You're getting close jasper!
Iran has/is scheduled to sell its oil in Euros,Russia the same.China has started to buy oil in Euros,diverting one of the largest hoards of usd$ in history-about One Trillion dollars.
Saddam Husssien had started to sell oil in Euros just before he was invaded.
Several other nations are doing or are about to do the same.
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The dollar tried hard to look good but instead fell flat on its face. All the King’s men CANNOT put the Humpty Dumpty Dollar back together again. USDX .8057 is the next dollar stop. It would be an extremely bad indication if .8057 turns out simply to be a number that gets passed as the dollar drops right by it. The dollar then is weaker than even I feel.
Let the market tell us rather than the other way around.
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To anyone who wants to boycott auctions listed in US dollars, I say more power to ya. Please boycott anything and everything you possibly can. Just leaves more for the rest of us. Less competition means cheaper goods for me.
uhhh,,.,yeah...well...good luck with that...
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I predict that ECA prefix 1973 $1 notes will reach $50 each in VG by the end of the year.
Now I wonder how many of you are thinking "what does he know that I don't???"...
OK, so Hudson just called me a minute ago asking (in a very serious tone) what the inside info was on the ECA notes...
He'll be bringing the donuts to our Sarcasm Class next Tuesday. I've reserved him a seat right up front. He's got some studying to do. LOL ;D
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I will bring a box of latex gloves and a brick of 1973 $1.00 notes so we don't get contaminated while searching for radars in the classroom!
FRIEDSQUID
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I definitely have to brush up on sarcasm detection. Boy I was excited! You had me going!! ;D
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Who ever owns the media controls what info gets out. What's in their best interest probably beats their concern for yours and mine. Oh well, at least we can do is be aware of that.
Later!
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Um......... ???
While I do participate in auctions listed in US dollars, I simply convert
my bid. I decide my highest offer in CAD$ do the math and bid accordingly.
Wether the exchange is 1.61 or 1.01.
A castastrophic collaspe of the US$ would certainly have repercussions on the world economy. However your "Beware" scenario can be simply be rectified by by bidding -exchange
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Um......... ???
While I do participate in auctions listed in US dollars, I simply convert
my bid. I decide my highest offer in CAD$ do the math and bid accordingly.
Wether the exchange is 1.61 or 1.01.
A castastrophic collaspe of the US$ would certainly have repercussions on the world economy. However your "Beware" scenario can be simply be rectified by by bidding -exchange
I think this is what we all do.
Twoinvallarta, why do you refer to holding Canadian notes in US$? The Charlton reference in C$ is the standard. The Pick catalogs are not really used so any Canadian note bought in US$ and held is essentially a conversion of US$ into C$ unless you live in Canada and it then is a conversion from C$ into US$ back into C$. If the US$ slid while holding the bought Canadian note, that money is protected from the decline in the US$ unless the slide is so severe as to affect the world economy (eg like the Russian or Asian currency crisis) in which case, no one is thinking about collecting notes.
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I'll see your "Um....... ???,and raise to " ??? ??? ??? What?!"
I simply convert
my bid. I decide my highest offer in CAD$ do the math and bid accordingly.
Wether the exchange is 1.61 or 1.01.
That may be ok for today but what about tomorrow.You'd have to be financially in-ept to continue to operate that way.(that is a general comment,not directed at anyone personally)For instance if the exchange is 1.61 that you use on todays bid,yet several years from now the exchange you MUST use is 1.01,you're kinda out 50 plus percent?
However your "Beware" scenario can be simply be rectified by by bidding -exchange
Not with a falling currency,do you understand a depreciating dollar,what the implications are for holding said dollar?
Time is your enemy with a falling currency.
Was it better to hold USD in the late 70's,the 80's,the 90's and 2000-2001 than the Canadian dollar as an investment,and wealth appreciation?You bet it was.
Now your better holding the cando and Euro,so buy notes in $C and Euro if you wish maximum return and worry free nights ;D
I think the ones really hurting are Canadian dealers in USD denominated that have held notes over the last few years.
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jasper.
Read my prior posts to see where I think the usd is headed.I have given examples where Canadians buying Canadian notes denominated in USD will be bleeding soon enough-the longer they hold 'em the worse the loss.
I have seen cancelled purchases for Canadian notes on our "favorite" auction site,denominated in usd,where the purchaser has received refunds up to $400cnd less than they paid within 3-4 days.Why,The usd fell b4 the refund was received ...
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Yeah Brent ....cut it out! ;D
friedsquid too?!!
I do believe we now have the legal definition of a conspiracy.
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I find a lot of comments on this thread interesting (if not at least quite amusing PD!)
A close foriegn friend (who is an economist) predicted a very similar scenario before the war in Iraq (almost as if he new the US (the only major super-power) couldn't resist the temptation to damn itself). He's always said that the Cdn $ should be performing a lot better than it did (that the US was holding it back). Canada has more fresh water than 50% of all the world's nations combined (let alone oil, natural gas, gold, diamonds, wood, silver, etc). As a nation we're incredibly wealthy (in many more ways than just its natural resources too).
Just think about the real estate market here. Although it has slowed down a little, many TO neighbourhoods put a house up and it ends up selling for 40-60 G's more than it was listed (an automatic bidding frenzy occurs). Calgary is even hotter. Now look south and you can see a very depressed real estate market barely afloat.
The hubris of the US administration is truly astounding for most involved in assessing world politics. There seems to be no end in sight. You add all the recent folly in the middle east with global warming and there's no way the North American economies can continue on a sustainable grow grow scale while pumping tonnes and tonnes of hydrocarbons into the atmosphere.
However, I wouldn't throw the towel in just yet. Just like women who wine about meeting a nice "gentleman," and yet secretly crave a "bad boy" everyone seems to look up to the US with mixed fear/disgust/admiration. There's something seductive about power. Probably why the US $ hasn't had a major meltdown just yet! All the kids on the block are still holding their breath to see what's gonna happen next. They're the "bad boys" everyone wants a piece of, and we're the gentlemen who can get some of the "go-between" action.
If you look back in history, there's been many a "mess" that looked incredibly dire (& unsalvagable), that ended up better in the long run. If we were to assess things in the middle of either world wars we'd be pretty pessimistic and yet things didn't turn out so bad after all. The same can be said for the Cuban missile crisis, and the condition of people world wide (before hygiene, vaccinations, etc).
As Ottawa has said "things go in cycles" and I'd agree that while things may look bleak right now...there's a possibility that the US could bounce back. And as you suggest "2-n-V" maybe we haven't seen the bottom hit yet either. But what if the US diverted its military muscle to a more worthy cause (such as rebuilding small African nations, environmental projects, or New Orleans?)
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And as far as paper money and coins are concerned we should never forget that you can lose a hell of a lot more because of a grading error than on any swing in the US$ conversion rate! Do you remember those "Choice Unc" $50 Osbornes on eBay a few months ago (reported on this Forum) that turned out to be nothing more than laundered EF's?
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And as far as paper money and coins are concerned we should never forget that you can lose a hell of a lot more on a grading error than on any swing in the US$ conversion rate! Do you remember those "Choice Unc" $50 Osbornes on eBay a few months ago (reported on this Forum) that turned out to be nothing more than laundered EF's?
Very true!
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And as far as paper money and coins are concerned we should never forget that you can lose a hell of a lot more on a grading error than on any swing in the US$ conversion rate! Do you remember those "Choice Unc" $50 Osbornes on eBay a few months ago (reported on this Forum) that turned out to be nothing more than laundered EF's?
Hey
I'd like a laundered EF $ 50 Ozzy ;D
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Well I dunno twoin. You must be a lot more intelligent than me.
I don't get it. As far as I'm concerned I paid for all my purchases in CAD
As I said earlier if the USD tanks the way you predict there are gonna be big repercussions to the world economy. However it will adjust.
Nothing would surprise me though. The market ALMOST ALWAYS overreacts either to the upside or the down. Thats why people that understand how to play make the big bucks.
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Yeah Brent ....cut it out! ;D
friedsquid too?!!
I do believe we now have the legal definition of a conspiracy.
Rob, you're in charge of bringing a very large amount of coffee to the Sarcasm Class, and I've reserved a special seat for you, right up front beside Hudson.
RP: Bring your drool cup and you can sit beside Rob. :D
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Oh goodie! Then TIV can sell me all of his US paper at par so I can use it to buy Hud's radar notes at face value.
Sorry rp,sold you and others my $usd at $1.60+...."he that has ears let him hear"
I can use it to buy Hud's radar notes at face value.
Quite the dreamer I'd say!
Hey, it could happen
see above
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BWJM wrote
Rob, you're in charge of bringing a very large amount of coffee to the Sarcasm Class, and I've reserved a special seat for you, right up front beside Hudson
Ohhhhhh noooooooo you dont! I'll sit in class,be a good study,and use the cup when appropriate...BUT......
You and sirfried have acted out the legal definition of a conspiracy and we are entitled to re-dress.This is actionable tort as well.
Send me 10 of those VG 1973's and we'll forget the whole thing.(in a plain brown please)
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Hey....whaddya know...........lol
Dollar Approaches Record Low Versus Euro After Inflation Report
By Min Zeng and Bo Nielsen
April 17 (Bloomberg) -- The dollar approached an all-time low versus the euro and declined against most major currencies as a government report on inflation added to concern the U.S. economy is slowing.
The dollar has lost 1 percent versus the euro over the past four days, falling today to a more than two-year low on bets Europe's economic performance will outpace that of the U.S. The yield advantage of U.S. Treasuries over German bunds dropped to the narrowest since December 2004, reducing the allure of dollar- denominated assets. A British report showing higher inflation pushed the pound above $2 for the first time in 15 years.
The inflation data ``adds fuel to fire that the dollar will continue to trend lower,'' said Jeff Gladstein, global head of foreign-exchange trading in Wilton, Connecticut, at AIG Financial Products. ``The U.S. is going through a slowdown.''
The dollar fell 0.18 percent to $1.3560 per euro at 12:25 p.m. in New York, touching $1.3594, the lowest since Dec. 31, 2004. The all-time low of $1.3666 was reached the previous day. The dollar dropped 0.60 percent to 119.02 yen, falling from a seven-week high yesterday.
In another currency development,the pound topped the $2.00 mark in today’s session; something that has not occurred since September 1992, 15 years ago.
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My teeny experiment shows that other than most 1937 notes having exceptional paper quality... the 1973 ECAs in VG to EF show exceptional rolling quality too. I'll be sitting in the back of the class watching the sarcasm show. ;)
Yea, I could learn a lot from Brent and squid mon. ;D
Reggae forever
PD
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My teeny experiment shows that other than most 1937 notes having exceptional paper quality... the 1973 ECAs in VG to EF show exceptional rolling quality too.
Well, evidently some people are smoking something, because they fell for the whole ECA thing hook line and sinker. One such sucker called me from a mall asking what the skinny was on them as he was considering buying some, and the other emailed me wondering if it was just the ECA notes, or if other notes in that series were special too.
Rob: Take a 1973 $1 note, doesn't matter which, and photocopy it ten times. Then take a marker, scratch out the prefix and write in "ECA" on each. Then crumple up each of those ten notes, roughly flatten them out again. Dunk each sheet in some strange, smelly chemical that is probably toxic in some form, then hang them up to dry. When no longer moist, put them into a plain brown envelope. Write "To: Rob, From: Brent" on the envelope, then mail it to yourself. Now you've got 10 authentic ECA "test" notes in VG condition, worth $50 each. Cheers!
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Sorry T.I.V. but I'm with buxvet on this. You obviously think you know everything about the declining USD so I won't argue for or against your doomsday predictions there. But I do simply fail to follow the logic behind your statements that those predictions have anything at all ... A-N-Y-T-H-I-N-G to do with the benefits or perils of buying/selling in USD.
Collectors need to be aware that holding paper notes in usd is going to hurt them financially.
Why buy 10 UNc 1937 $1's at $700usd x $1.1380 = $796.60 CND presently when in the near future holding those same notes will drop in value for Canadian dollar purchasers to,say $700 X $1.01=$707 CND.
What in the world does it mean to hold a Canadian note in USD? It's not as if there were "CAD" $1 1937 Gordons and "USD" $1 1937 Gordons. When you buy a note, no one is putting a secret invisible stamp on it fixing it's value to any particular currency. If the USD collapses, all the better for your purchase. At least you'll have gotten rid of your USD and bought something with apparently better investment potential (Canadian banknotes!!).
I'll see your "Um....... ???,and raise to " ??? ??? ??? What?!"
That may be ok for today but what about tomorrow.You'd have to be financially in-ept to continue to operate that way.(that is a general comment,not directed at anyone personally)For instance if the exchange is 1.61 that you use on todays bid,yet several years from now the exchange you MUST use is 1.01,you're kinda out 50 plus percent?
You're not out by anything at all! If several years ago, you were dividing all your USD bids by a factor of 1.61, as we all were, and now (or in the near future) that factor is 1.01, well the notes you've held in the meantime have INCREASED in value in USD terms by a bonus 60%. Exactly the same as if you had bought the note in CAD in the first place.
All that said, I would not encourage sellers to list notes in USD for a completely different reason. Obviously, if the intended audience is international, there could be some merit in using a Non-canadian currency. But for a canadian seller to force a canadian buyer to pay exchange rate fees to convert their currency, only for the seller to pay additional fees to convert back the canadian is totally ridiculous. Ebay/Paypal goes to great lengths to encourage us to do this, as it double or triples the fees they collect at absolutely no cost to them. As a buyer, I'll bid on USD merchandise all the time, but if the seller is canadian, I always simply do the conversion myself and pay him in Canadian dollars. 8)
Al
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I don't particularly disagree with TIV assesement about the future of the USD and economy. They have high deficits, are in a war without a forseeable exit strategy, have a housing market in complete disarray, lack natural resources and are a nation not lacking enemies. All these factors do not point to a rosy economic future. It may well be a disaster real quick. The Canadian Dollar has moved from .85 to about .885 in pretty quick order.
I just don't think it matters what currency you use to make your purchase.
But just to be safe I'm placing all future bids on Ebay.in
and paying for all my notes in Rupees
Thank you very much ;D
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I bought a Banque Provinciale 1919 orange $5 note in VG-Fine condition in 2002 for $100 US, equivalent to $161 Cdn. A couple of years later, I sold it for over $700 Cdn.
And I thought I got a good deal on that note at C$700 :(. So now I am going to have to sell it for $5000 in a few years to post the same return.
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The C$ charge has slowed down but is continuing upward. Were up to .895. The previous recent high was around 6-8 months ago when the dollar briefly hit 0.9105. There seemed to be a lot of resistence in the .90-.91 cent range. The USD also hit a record low today against the EURO.
I don't understand the markets well enough to know. But why are US stocks running up to record levels with all whats going on.
And twoin. What is your forcast for the CAD$ against the US$ in 3-6- and 12 months from now.
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bux,
I see a few have come hollering against my"prediction" lol..It's called market trend(s),sentiment,facts,reality,ect.I will not try to educate the few that have closed minds, suggest I "know it all"(good gawd how i wish!),or that summarize with"If i had a dollar",as if this statement is logical,factual and even worth considering...........puuuuuleeze.
Now bux,take a look at what the front page of a foreign mag had to say on it's front cover the USD.It is an amazing graphic! The picture is a color scan of the cover from the April 14th, 2007 edition of the Dutch magazine FEM Business. "Het Dollartijdperk is voorbij" is Dutch for "The era of the dollar is over".This mag is no rag,but a very esteemed publication in that part of the world.
The news of the USA and the US Dollar heading for trouble is starting to penetrate the minds of this world also.
You-
I don't understand the markets well enough to know. But why are US stocks running up to record levels with all whats going on
Think American trade deficit,the yen carry trade,China trade surplus almost 1 Trillion USD and the TIC market(the most important of all is the TIC)
You wrote--
What is your forcast for the CAD$ against the US$ in 3-6- and 12 months from now.
We've almost hit my first target of usd .8057.Quite frankly,since I posted the usd on forex has really tanked quicker than I expected.Tonight it's trading .8127. 3/4 of a cent and then .7200.Once .7200 gives....5600,believe it or not is in the realm of possibilities.
If you recall ,I mentioned the Euro would trade 1.36 to the $usd,pullback,then continue its march north.It indeed did that,and tonight trades 1.3644vs the Humpty Dumpty had a great fall usdollar.
Not perdictions,educated guesses.Take it or leave it,this is not investment advice.
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And the funniest thing of all............
There is a certain segment of ALL markets that just DONT get it.
When they figure it out they can post the answer to this """"deep""" mystery,,,, lolololol
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bux,
something that will explain today's action in the market is best understood in terms of Memoirs of Extraordinary Popular Delusions, and the Madness of the Crowd by Charles Mackay.
Please buy this book,it is whimsical,contains extrodinary wisdom,and will help you understand more than you can imagine.
The cost is about $22.00 cnd,I will purchase this book from you at full face if you are not totally mesmerized,entertained,become a connisuer of what makes trends,bull markets,ect.
You will not learn the mechanics of the market from this book,you will learn the "bull" of the Bull ;D
Pass it on to Oli as`well.The offer stands for both of you.
Regards,tiv
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don't particularly disagree with TIV assesement about the future of the USD and economy. They have high deficits, are in a war without a forseeable exit strategy, have a housing market in complete disarray, lack natural resources and are a nation not lacking enemies. All these factors do not point to a rosy economic future. It may well be a disaster real quick. The Canadian Dollar has moved from .85 to about .885 in pretty quick order
You just summed up what I (influenced by my econimist buddies) have been saying all along. They've been scratching their heads wondering why its taken so long to see an adjustment to $US.
Memoirs of Extraordinary Popular Delusions, and the Madness of the Crowd by Charles Mackay.
The cost is about $22.00 cnd,I will purchase this book from you at full face if you are not totally mesmerized,entertained,become a connisuer of what makes trends,bull markets,ect.
What about me?
I've always been a good student!!! ??? ;D
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Up Up and away, like Superman 90.31 today
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Hey Twoin
Hope your doing OK.
Just thought I would bring this thread back up to the front
Our dollar reached 92.20 on Monday.
Looks like you called this one.
So how long do people think before we see a par dollar.
I personally think it will happen. Might take a long time still. But I say before 2010. Sounds like a long time but thats only 2.5 yrs. That'll pass before you know it.
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Well there's our first talking head making the "inevitable" prediction. Certainly wont be the last.
Well. Don't take this personally
As I won't take your comments personally.
You seem through some posts in this thread to have a certain disdain for any sort of financial prediction regarding this topic. Not sure why you don't particularly like people expressing thier opinion on it. Maybe you don't dislike it. I just get that impression because you seem to have a less than elequoent (sp?) reply after each such prediction regarding the said future. The replies tend to hint that your opinion is people have no clue whatsoever and should clam up with predictions. Perhaps I'm wrong. That being said predictions are a large part of so many things that people the world participate in every day.
Every trade decision (buying/selling) in every stock market the world over every day is based on a prediction. Is the stock going up or down. Billions of trades every single day.
Every lottery ticket, every sports bet is baded on a prediction. Every collector purchasing a banknote is predicting that thier note will increase in value. Heck people even have pools predicting the future gender of a newborn child. People often buy and sell homes and businesses based on predictions of the future value.
This being a message board, it is an often used as a medium for expressing opinions on the future of issues that effect our hobby. And the value of our currency ( in my opinion :-* ) can have positive or negative repercussions on that. However directly or indirectly it may be. Do you have any prediction regarding that ::)
Over and out
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I really don't understand why people are so surprised about the rising Cdn $1.00
It seems we have forgotten about the last time our dollar rose ABOVE the greenback. It was when the US was sinking a king's ransom to fight another unwinnable war in Vietnam-- and money was raining out of the country like an Indian monsoon. History has a way of repeating itself but perhaps the US admin will wake up and smell the coffee.
I believe that if we weren't in Afghanistan we'd already be above the US $1.00 That isn't necessarily a good thing...just something to be aware of.
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While Afghanistan is a drain on the finances, maybe 10 years or so of balanced budgets and nice debt repayments have really started to pay off. A par dollar is good and bad, depending on what industry you are in. An $.85 dollar is much better all around for everybody. As walktothewater pointed out, history does repeat itself. We may find ourselves with a $.58 dollar again in the not to distant future too.
Hey while were all looking into our crystal balls, looking for stock suggestions. I have $5000 to spend in my childrens RESP accounts. Got to put it in something, they have a pile of RBC already (guess you can never really get enough of those though).
:)
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Hey while were all looking into our crystal balls, looking for stock suggestions. I have $5000 to spend in my childrens RESP accounts. Got to put it in something, they have a pile of RBC already (guess you can never really get enough of those though).
:)
I personally put a chunk of RESP money into Energy Funds. I figure when my kids do go to post secondary school I'll be looking at a cash top up to help them get through. Energy prices are having more and more of an effect on disposable income. So, I did it as sort of a hedge. If energy prices continue to rise the funds will do well and that will help. If energy prices level or fall it will help my personal financial situation and leave me with more cash to help them.
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Hi bux
Hey Twoin
Hope your doing OK.
Just thought I would bring this thread back up to the front
Our dollar reached 92.20 on Monday.
Looks like you called this one.
So how long do people think before we see a par dollar.
I personally think it will happen. Might take a long time still. But I say before 2010. Sounds like a long time but thats only 2.5 yrs. That'll pass before you know it.
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There are some here that think the word"prediction" is a dirty word.Perhaps they are reading too many tea leaves,watching Kreskin,dialing pyschic hot-lines,ect. A review of the word is in order:
predict
Main Entry: pre·dict
Pronunciation: pri-'dikt
Function: verb
Etymology: Latin praedictus, past participle of praedicere, from prae- pre- + dicere to say -- more at DICTION
transitive verb : to declare or indicate in advance; especially : foretell on the basis of observation, experience, or scientific reason
Lets read that again shall we-especially : foretell on the basis of observation, experience, or scientific reason.Cant find a crystal ball in there,nor a sooth sayer!
So the call of new lows,heading to par is quite an easy one,nuthin extraordinary,contrary to what some may try to spin here.Putting all the info together,we see why the cando has rocketed 10% in the last 5 months-incredible!
But that's nothing to what's coming-and we have our money placed on our "predictions". Can you say cando stronger than the usd?
Worth noting,but not relying upon,ALL weak currency tends to rise in June,August,and early Sept.The $usd has staged a weak,and I mean very weak, technically speaking, rally against select currencies.This does not bode well for investors on the wrong side.
In answer to your question bux-I say 9 months max-but remember,indicators change,and can change quickly,we are students of the market.We let it tell us,we do not tell it! :)
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Post # 50 should about cover those legal ramifications,that are not considered investment advice but opinions.No liability concerns when posting on-line opinions or projections.
Re: Buyer (and seller)Beware!
« Reply #50 on: April 25, 2007, 10:57:58 PM »
Take it or leave it,this is not investment advice.
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We also don't have a disclaimer saying that we are not responsible for members of this site who decide to steal nuclear technology and use it to invade a small country in the middle of Europe. The loophole is there and it can be exploited.
Jeez... What ever happened to just having a place where people could share information in a friendly and helpful manner? These days we have to have disclaimers for every conceivable thing. We have to be referees to settle petty little fights, and even when we ask for more information, we get criticized to no end and in fact accused of supporting the person who we asked for more info from. On top of all that, we have to watch what we say for fear it might piss off one group or another. We have to post dictionary definitions of the words we use because everyone interprets them differently. Will everyone just RELAX?!
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Worth noting,but not relying upon,ALL weak currency tends to rise in June,August,and early Sept.The $usd has staged a weak,and I mean very weak, technically speaking, rally against select currencies.This does not bode well for investors on the wrong side.
I really enjoy reading the opinions of others (esp predictions) and have yet to fall off my chair as a result of any postings. Surprisng huh??
We have to post dictionary definitions of the words we use because everyone interprets them differently.
--you won't find me pontificating on the meaning of FORUM but there's quite a few members here who could review their WEBSTERS (hint hint!)
What this means is that someone could make financial decisions based on something they read here, and if they lose money in the process, they could hold the owner of the website responsible
Wow! This is a total news item to me!!!! ??? Is there a lawyer nearby?.. I'd almost like to hear her opinion....
Will everyone just RELAX?!
EXACTLY! ::)
I think we need a "sticky wicket" icon for those who TAKE THE FORUM TOO SERIOUSLY & enjoy being contrary to previous postings..
___
I I
I I O (the sticky wicket)
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I'm relaxed
So are 97.638% of us.
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We also don't have a disclaimer saying that we are not responsible for members of this site who decide to steal nuclear technology and use it to invade a small country in the middle of Europe. The loophole is there and it can be exploited.
Careful there Brent - someone might construe this as an incitement to war or riot! ::)
OMG! Brent I hope you don't sue me now for causing you undue stress worrying about whether some country or other will declare war on Canada because of your comment! :'( ;)
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walktothewater wrote:
"I really enjoy reading the opinions of others (esp predictions) and have yet to fall off my chair as a result of any postings. Surprisng huh?? "
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Look who's talkin' now!
Loonie to be at par with U.S. dollar by year-end: CIBC World Markets
TORONTO (CP) - The Canadian dollar will be worth as much as the U.S. greenback by the end of the year, CIBC World Markets economists predict (TSX:CM).
Friday's report cites an expected rise in Canadian interest rates and stronger-than-expected economic growth, along with hot commodity prices and an "avalanche" of corporate takeovers that require foreign acquirers to deal in Canadian dollars.
"With the national jobless rate plumbing 30-year lows and core inflation now bobbing above the Bank of Canada's target range, our earlier assumption of the Bank of Canada intervening against a further rise in the Canadian dollar with rate cuts no longer seems tenable," says CIBC World Markets chief economist Jeff Rubin.
In fact, he says the central bank will likely welcome a further rise in the currency, which was trading Friday morning at a three-decade high of over 93.7 cents US.
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I know these forums are meant to be light-hearted.
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US debt could trigger dollar collapse, UN warns
Submitted by Desha Priya on Thu, 2007-05-31 16:47.
PressEsc News
The United States dollar is facing imminent collapse in the face of an unsustainable debt, the United Nations warned today.
United States debt, which had now deepened to well over $3 trillion, might turn out to be unsustainable in the rest of 2007 or next, putting further downward pressure on the United States dollar, Rob Vos, the Director of the Development Policy and Analysis Division of the Department of Economic and Social Affairs (DESA), told correspondents at a Headquarters press conference.
He pointed out that since its peak in 2002, the dollar had depreciated vis-à-vis the major currencies by some 35 per cent and by 25 per cent against a broader range of other currencies.
Vos made these comments at the launch of the 2007 World Economic Situation and Prospects report midyear update.
With that increased debt the risk of a sharp depreciation of the dollar continued, he warned. If countries willing to invest in United States dollar assets expected further depreciation, they might be less willing to hold dollar assets, triggering a much sharper fall in the United States dollar. The risk of disorderly adjustment and the steep fall of the dollar existed. The policy challenge was how to prevent a hard landing of the United States dollar and forge a benign adjustment of the global imbalance.
In terms of the United States housing sector, he noted that a recession in the housing sector had continued in 2007, with a slowdown in activity and a large number of unsold homes. While house prices had not fallen, that might happen in the months and years to come if the recession continued as expected. A decline in prices would affect the domestic market, particularly household consumption in the United States, resulting in the risk of a serious recession in its economy, slowing growth from 2.1 per cent to 0.5 per cent in 2007 and 2008. That would then significantly slow the world economy and transmit the recession into the rest of the world.
The United States deficit had increased to $860 billion at the end of 2006, and was expected to fall to $800 billion in 2007. That deficit was basically being financed by surpluses in the developing and oil exporting countries, as well as some major developed countries, in particular Japan and Germany. The European Union,at large, was projected to continue to have a slight deficit on its current account.
Continuing, he said the current tendency in macroeconomic policy was not all in the right direction, particularly in the surplus countries where there had been a tightening of monetary and fiscal policies, particularly in Germany and Japan, making it more difficult for the United States to lower its external deficits by export growth. The United States would also need to adopt some contractionary policies to slow down its deficit, he recommended.
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Brente,
where are you ?
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I haven't met too many lazy Canadians but if run into a few large ones due to bacon consumption and extensive hibernation cycles.
Dollar Close @ .943 - Sick, So much for $30 Dollar/hr manufacturing jobs.
Tarland here I come !
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Brente,
where are you ?
Right here. Where are you? PS: My name has only one e.
I'm otherwise staying out of this thread as I frankly don't really care what the daily exchange rate is, nor am I interested in babysitting an argument or wading through mile-long posts that lack any readable formatting. If anyone has any complaints about a post, use the "report to moderator" links in the bottom left of each post and detail your concerns. Otherwise, live and let live.
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Right here. Where are you? PS: My name has only one e.
I'm otherwise staying out of this thread as I frankly don't really care what the daily exchange rate is, nor am I interested in babysitting an argument or wading through mile-long posts that lack any readable formatting. If anyone has any complaints about a post, use the "report to moderator" links in the bottom left of each post and detail your concerns. Otherwise, live and let live.
Thats good - A good moderator does stay out, unless things get silly
I have yet to see an argument in this thread.
Rachel obviously isn't fussy about this thread.
But thats his right and he isn't breaking any rules.
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Yes, i agree bux.
I wonder if there is a prize for most edited/deleted posts by a member?BTW,I have edited mine of my own,no complaints received,the proper action to take.
How 'bout that C$.
And Brent,you should care about the $ exchange.Look at the big picture,if the usd goes 0.75 or even 0.54 vs the cand.,how many Americans will you see downing a cold one in our legalized zoos-lol!
Stay with me here,as sales from said patrons drop at rapid rates,less -shall we call them chaparones-will be needed to keep the unruly visitors,drunk from our superior brew,at bay.
This indeed can create a national crisis,less beer drank=less waitresses=less Managers to manage=less manufacturers of said ales=less workers that produce the cheer=less homes purchased=less appliances bought=...you can see the seriousness that may arise!
No sir.I fear this is being treated in a somewhat obtuse manner.Keep an eye on the usd,your fav establishment may depend on it ;D
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eBay encourages sellers to express the selling price in US dollars. I have tried it in Canadian dollars, with few bids, so I have reverted to US money. No big deal, just their suggested methods.
Rick
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update:
twoinvallarta-Quote
Oil at $120? Maybe ,maybe not,but We dont collect oil here.I can argue a price and it sure as h--ell aint $63.00 pb..But i digress....
Quote
If you're wrong, what then?
twoinvallarta- Im not.
Oil touched $75 pb today,going $85-$90 in my opinion.
The USD?? Headline below says it all,the first target has fallen twice,once more and it's avalanche in 'Mountain' Country.My thought is still par by years end.
Hope you sold your greenbacks much higher than today
An interesting development.TDCT and seceral financial institutions are now adding a service charge to money transfers in USD.Also my CIBC Gold now charges a sur charge on top of the spread for transactions done in USD's.Talk about double-dipping.
Frank Pingue
Reuters
Monday, July 16, 2007
TORONTO -- The Canadian dollar stormed to 96 U.S. cents for the first time in 30 years on Monday as higher oil prices triggered a slew of automatic buy orders.
"It's been one-way traffic," said Steve Butler, director of foreign exchange trading at Scotia Capital. "I think it's going to be a little bit sticky here, but certainly I think (the Canadian dollar's) got some more room to appreciate
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We sent this to our clients today:Some of them(ok maybe 4) are paper/coin collectors.
...Do you think I can sue Goldman Sachs for having spewed coffee all over my computer screen? I was drinking a cup of coffee when I read the following from a Goldman Sachs news release:
QUOTE
"Markets have been extremely voltile in recent weeks and we have been reluctant to make forecast changes for that reason. But we now think that key aspects of the Dollar outlook are sufficiently clear for us to implement a forecast change. We are incorporating significant Dollar weakness on a 3-6 month horizon versus the Euro and the Yen, reflecting three key forces."
At this point I choked so badly I gurgled that death knell as I slurped my coffee and sprayed it as a thin film all over my flat screen!
Now let’s translate this into plain English.--- We realized in the wake of massive credit defaults and huge "liquidity" injections, like someone had just hit us on the head with a 2 by 4, that the dollar is toast. And we don’t just mean golden brown, we mean like the pop-up has failed and the toaster is smokin’ like crazy and setting off the fire alarms in your kitchen; That kind of toast! The kind that you immediately toss in the garbage can without even trying to rescue it by scraping the black charcoal off it! But we were reluctant to alert you; you are esteemed clients, because we knew that would completely screw up our chances of saving our bacon
We would like to emphasize that the cratering of the dollar to burnt-to-a-crisp status and lowering of interest rates to levels that make Japanese interest rates look expensive is purely guess work on our part. Although our ex-CEO is Treasury Secretary we think it would be improper to ask him what they are going to do to solve the financial crisis. As our analysis is mainly based on wind speed analysis, and marine tidal charts it can’t be trusted so this is another reason why we wanted to delay telling you
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Here we go again Rob
After some retrenching looks like we're ready to take a
crack at the mid Jul high's of around 96.65
I think we're at 95.91 today.
Do you think there is any chance the fed may be really agressive and cut rates by .50 basis points. We should venture into .97 territory if they do.
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USD is toast buxvet.In a previous post i stated this missive was sent to our clients
"Markets have been extremely voltile in recent weeks and we have been reluctant to make forecast changes for that reason. But we now think that key aspects of the Dollar outlook are sufficiently clear for us to implement a forecast change. We are incorporating significant Dollar weakness on a 3-6 month horizon versus the Euro and the Yen, reflecting three key forces."
At this point I choked so badly I gurgled that death knell as I slurped my coffee and sprayed it as a thin film all over my flat screen!
Now let’s translate this into plain English.--- We realized in the wake of massive credit defaults and huge "liquidity" injections, like someone had just hit us on the head with a 2 by 4, that the dollar is toast. And we don’t just mean golden brown, we mean like the pop-up has failed and the toaster is smokin’ like crazy and setting off the fire alarms in your kitchen; That kind of toast! The kind that you immediately toss in the garbage can without even trying to rescue it by scraping the black charcoal off it! But we were reluctant to alert you; you are esteemed clients, because we knew that would completely screw up our chances of saving our bacon
We would like to emphasize that the cratering of the dollar to burnt-to-a-crisp status and lowering of interest rates to levels that make Japanese interest rates look expensive is purely guess work on our part. Although our ex-CEO is Treasury Secretary we think it would be improper to ask him what they are going to do to solve the financial crisis. As our analysis is mainly based on wind speed analysis, and marine tidal charts it can’t be trusted so this is another reason why we wanted to delay telling you
This morning the dollar quotes(rt):
09/12-10:44 1.0378 0.9636 735.35 -6.65 -0.90%
USD 79.36 -0.15
If you didnt divest,you can look forward to .7200, then .56.My first target of breaking .8050 3 times has secured the usd to the trash bin of fiat currency history.
The ONLY thing that MAY change these targets is the introduction of the AMERO,referred to in another thread.The dollar can't fall if it doesn't exist
There is no technical support for the usd,altho there is off-shore propping of this paper nightmare.Inflation will roar its ugly head,and soon.
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96.53 near the end of the day.
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Here we go again Rob
After some retrenching looks like we're ready to take a
crack at the mid Jul high's of around 96.65
I think we're at 95.91 today.
Do you think there is any chance the fed may be really agressive and cut rates by .50 basis points. We should venture into .97 territory if they do.
Don tink so. Because of gas prices, Wit real inflation way higher dan their 'Seasonally adjusted rubbish rate' It will remain da same, if not a teeny bit higher.
PD
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96.53 near the end of the day.
97.44 High Today
97.20ish close
Up Up and away like Superman
Fed Decision Tommorrow
Where do we go from here Rob
Mid 98's then some more consolidation/retrenching
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Do you think there is any chance the fed may be really agressive and cut rates by .50 basis points. We should venture into .97 territory if they do.
Well they did it Rob. 50 Basis Points
98.64 today
Parity is within striking distance
This momentum may bring us to .99 by tommorrow
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I'm against sellers selling notes in USD for some time,especially if said dealers are hoarding notes bought in this doomsday currency.The USD has lost all support technically,and you had better divest yourself of it or be prepared to lose another 25-40% in the next year or two.This could be devastating,but if your a Canadian collector, buying paper currency or coin in the cando will become more and more attractive as the days wear on,be patient.
The $USD Black Hole of Calcutta, defined as .8230 support fell overnight and thru today like a hot knife thru butter. Soon you will be looking back at 1.36 on the euro.
The US dollar is headed for .7200, the euro to $1.36, a quick hard down, and then well beyond on the upside. Gold is going to $761 but that is only for starters.
As we told our clients .8208 the dollar goes bye bye.Sure enough that fell quickly today as well.. Next stop the battle at the bridge of .8057. Once again if it gives up the ghost at .8057 then .5600 is the downside target. If it puts up more of a fight then .8230 did then .7200 is the pull.
Take a look at the 1month,3month,and 1 year chart of the USD.I have not seen a chart this ugly since Enron.
Finex close 81.93-- $1.13778, several years ago it was $1.6165.
You aint seen nuthin' yet folks!
hehehe..look at today's market activity...dollar 1 cent away from par.
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All this talk about fundamentals and analysis is a waste of time in my honest opinion. The technicals are applicable only in very small trading periods of time. A good investor diversifies and looks at the broad long term picture. Also look deeper for the real story.
Thus, I could have told you that the CDN dollar was heading for par decade ago. It was written to occur around the time the North American Union was to form. Do you think the elites leave things to chance and "free market operations"???...i don't think so and it would be naieve of you to think so. It's been planned to happen this way. They brag about it in various ways. I have countless books and articles written by the "movers and shakers" of this world that prove this statement. I know what's in the works the next 10-25 years! I'm no psychic, I just realize everthing is planned decades in advance and read about it.
Sad Fact: The price of gold is determined by 1 and ONLY 1 individual in this world on a daily basis. He wakes up everymorning and makes the decision. Don't be conned!
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We also don't have a disclaimer saying that we are not responsible for members of this site who decide to steal nuclear technology and use it to invade a small country in the middle of Europe. The loophole is there and it can be exploited.
Jeez... What ever happened to just having a place where people could share information in a friendly and helpful manner? These days we have to have disclaimers for every conceivable thing. We have to be referees to settle petty little fights, and even when we ask for more information, we get criticized to no end and in fact accused of supporting the person who we asked for more info from. On top of all that, we have to watch what we say for fear it might piss off one group or another. We have to post dictionary definitions of the words we use because everyone interprets them differently. Will everyone just RELAX?!
I couldn't agree more!
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The thread entitled "OT: Suspended for selling ICCS coins on eBay???" was shut down by a Mod in very short order whereas the "Buyer (and seller) Beware!" and "Amero Debut" threads have been allowed to prosper for the longest time. This seems inconsistent to me as the ICCS/eBay thread is more directly related to numismatics than the Buyer Beware and Amero threads. In particular, if eBay decides to banish ICCS (the longest-established coin grading service in Canada) then that will not augur well for the acceptance of the Canadian paper money grading services on eBay, and that should be of direct concern to all of us.
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True Ottawa but ol BWJM is a frisky sort of fella ;D
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You guys want to whine and complain? You get your threads closed.
Happy Wednesday.
Please keep threads relatively on-topic.