Another Loonie article

fla-gypsy wrote:

John&Joey wrote:

fla-gypsy wrote:

joebedford wrote:
If oil goes down to $20, I'm going to start buying.

You sir are a type E

I see it more as a contrarian investment strategy. Pretty smart in my books.

I am certain that buy low and sell high is a winning strategy used by capitalist for centuries

Only problem is when it's at $120 a barrel everyone was screaming it will go to $160 because of China and India's demand. When it's $20 a barrel everyone is screaming it will be like that for years. The glut, the glut. :E

Guess you're right, a contrarian is a type E. Not everyone can tune out the chatter, and use common sense. :B

John&Joey wrote:

fla-gypsy wrote:

joebedford wrote:
If oil goes down to $20, I'm going to start buying.

You sir are a type E

I see it more as a contrarian investment strategy. Pretty smart in my books.

I am certain that buy low and sell high is a winning strategy used by capitalist for centuries

fla-gypsy wrote:

joebedford wrote:
If oil goes down to $20, I'm going to start buying.

You sir are a type E

I see it more as a contrarian investment strategy. Pretty smart in my books.

joebedford wrote:
If oil goes down to $20, I'm going to start buying.

You sir are a type E

Well so much for my observation. The dollar went up 1 cent. Oil is up 7 %. Commodities are also up. I am happy to be wrong! At least for now!

Moisheh

Who knows, maybe the cause is all of us in the western world having already bought all the cheap Chinese stuff that we will ever need forcing a retraction of the Chinese manufacturing economy and reducing the need for oil and other commodities, hence the oil glut and Canadian currency performance!

fla-gypsy wrote:

moisheh wrote:
Even if oil went to say $40.00 the Loonie will still be low. Our economy is terrible and we have a leftist Gov. that the Americans do not like. Our auto industry has moved to Mexico. The manufacturing that is left is mostly low wage. I don't see many companies moving to Canada. Where are people supposed to work? The logging industry that John and Angela mentioned can only provide so many jobs. I am glad that I am not 50 years old looking for work.

Moisheh

A wise and astute observation that is true but also applies to the U.S. to a large degree.

That is for sure!

If oil goes down to $20, I'm going to start buying.

We spent two weeks in London last Summer. The pound was almost 2$ CND.

So coming to the US for the winter is still a bargain. Just not as great as it was during the oil price bubble that so many had started to count on, an even expected.

The bubble was created by speculators talking about China and India's great need for oil, and that it will only continue to grow. Now the speculators are talking about a glut of oil. Sometimes a person just needs to tune out all the chatter, and use some common sense.

If you watch this stuff always in such a short time frame, you'll drive yourself nuts.

moisheh wrote:
Even if oil went to say $40.00 the Loonie will still be low. Our economy is terrible and we have a leftist Gov. that the Americans do not like. Our auto industry has moved to Mexico. The manufacturing that is left is mostly low wage. I don't see many companies moving to Canada. Where are people supposed to work? The logging industry that John and Angela mentioned can only provide so many jobs. I am glad that I am not 50 years old looking for work.

Moisheh

A wise and astute observation that is true but also applies to the U.S. to a large degree.