Candollar & Gold
February 5 , 2020: Breakout and all time high - scroll down to see chart exp. money supply!
Because of its commodities and energy reserves, I expect Canada to become the 2nd richest country in the world...Canada has its problems but on a relative basis, it is coming through the crisis in healthier shape than the USA. The Canadian economy is diversified. They mine important commodities and the banking sector is less dangerous (see the chart of the Imperial Bank of Commerce in section Banks). Bear in mind that over the past year the FINANCIAL situation of Canada has been DEGRADING(May 2018).
According to research by SocGen, by 2040 Canada will be the only 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$ 3,200 - 3,800
|Bearish Objective||c$ --|
|Technical pattern||Screaming BUY
Canadian Dollar versus US dollar - exchange your Euro's and Dollars for Loonies!
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...
|Bullish Objective||$ 1.28|
|Bearish Objective||$ 0.62|
Euro versus Canadian Dollar
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