Candollar & Gold
August 5, 2022: end of correction and Bull run!
Because of its commodities and energy reserves, I expected Canada to become the 2nd most prosperous country in the world...Canada has its problems. The Canadian economy is diversified. They mine essential commodities, and the banking sector was less dangerous (see the Imperial Bank of Commerce chart in section Banks). However, the Socialist Government run by Trudeau Junior is ruining the country. Bear in mind that over the past year, the FINANCIAL situation in Canada has been DEGRADING (May 2018).
"Recently, 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. Canadians buy Physical Gold & Silver and store it in Panama."
By 2040 Canada will no longer be a G7 country with investment-grade sovereign debt. By as early as 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.
|Bullish Objective||c$ 3,800
|Bearish Objective||c$ 1980|
|Technical pattern||Fresh upleg
Canadian Dollar versus the US dollar.
The Canadian dollar is a commodity currency but is destroyed by the IDIOT leadership of Trudeau who sold ALL the Canadian Gold! Time to get out...
|Technical Pattern||Critical - Bear TRAP!?
Euro versus Canadian Dollar
|Technical Pattern||Sideward to weaker.
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