Candollar & Gold
September 8, 2024: The Fiat Gold price reached an all-time high/record (scroll down for the video below)!
The Socialist Government run by Trudeau Junior is ruining the country. Remember that over the past year, the FINANCIAL situation in Canada has been DEGRADING (May 2018).
Canada’s banking system risks collapsing due to high debt levels, an imploding real estate bubble, and reckless lending practices. These factors pose a significant threat to the economy and could potentially lead to job losses during an economic downturn.
- Canada’s real estate bubble poses a systematic banking risk, with many households unable to make interest payments and facing the possibility of owing substantial amounts to the bank when refinancing. There is a significant risk to the banking system as at least one major bank in Canada, CIBC, has been discreetly audited due to many of their borrowers being overleveraged, raising concerns about the possibility of other banks having similar issues.
- Canada has the fourth most indebted households in the world, highlighting the country's concerning level of household debt. With high inflation and a significant portion of income going towards debt servicing, the economy faces massive problems. Canada’s banks are loading up on borrowers already pushed to their financial limits, potentially putting the market at risk with the influx of “dumb money.” An affordability crisis propped up by reckless lending poses a massive risk to the country’s financial system and the general economy, with taxpayers ultimately bearing the fallout.
- Tip: If you still have assets in Trudeau's country that sold all of its' GOLD, you better get these out as soon as possible.
"The country lost its AAA rating and it now has become a Tyranny! Because Of Trudeau's Idiot Truck Policy, MILLIONS of Canadian Dollars
are fleeing Canada. Many Canadians buy Physical Gold & Silver and store it in Panama.
Trudeau sold out all the Canadian Gold at the lowest cycle-level"
By 2040, Canada will no longer be a G7 country with investment-grade sovereign debt. By 2030, the US, France, Italy, and Japan will all lose investment-grade status. To put this into perspective, this means that in less than two decades, the debt of countries currently representing approximately 50% of global GDP will be ineligible for investment by the smallest municipal pension fund.
| CanDollar Gold | ||
![[Most Recent Quotes from www.kitco.com]](https://www.kitconet.com/charts/metals/gold/t24_au_en_caoz_2.gif) |
Bullish Objective | c$ 3,800 |
| Resistance | c$ 3.450 |
|
| Support | c$ 3,320 | |
| Bearish Objective | c$ 2,120 | |
| Technical pattern | Strong Bull Trend |
|
 |
||
| Short term candle |
Chart comment | |
 |
|
|
| Long term candle |
||
 |
||
Canadian Dollar versus the US dollar.
The Canadian dollar is a commodity currency destroyed by Trudeau's IDIOT leadership, which sold ALL the Canadian Gold! It's time to get out. Scroll down for the video.
| Canadian Dollar/USDollar |
|
| Bullish Objective | $1.02 |
| Resistance | $0.82 |
| Support | $0.78 |
| Bearish Objective | $0.72 |
| Technical Pattern | Sideward! |
 |
||
| Short term candle | Chart comment | |
 |
Canadians have taken advantage of the Currency War to knock down the Can-Dollar as far as possible and improve their export position towards the USA.
|
|
| Long term candle |
||
 |
||
Euro versus Canadian Dollar
| Canadian Dollar/Euro |
|
| Technical Objective | € 1.68 |
| Resistance | € 1.42 |
| Support | € 1.28 |
| Bearish Objective | € 1.28 |
| Technical Pattern | Sideward vs. Euro |
 |
||
| Short Candle chart |
Chart comment | |
 |
Interestingly, there is a correlation between the exchange rate of the Loonie and the price of Gold.
|
|
| Long Candle chart |
||
 |
||
 |
 |
 |
© - The contents of this report may NOT be copied, reproduced, or distributed without the explicit written consent of Goldonomic