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Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.

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Message: USD Tanks

The Canadian Dollar Strengthening a Little?

in response to by
posted on Nov 24, 2008 03:33PM

This currency thing is really weird. It seems that the dollar strengthens and the Cando collapses and my Canadian juniors lose value and burn up just by sitting there. The dollar then weakens and the Cando starts back up and my juniors wake up and dust themselves off. Like today. Hooray for us in the US holding Canadian juniors, but what a way to make or lose a buck.

Not long ago the Cando was at 1.10, then straight down to .77 and now just .81 or so. That was a really big drop in a relatively short period of time and must have caused a lot of pain somewhere, besides us, though it probably goosed the price of gold in Candos while at the same time kicking gold off the bridge here in the US. It's like a cement mixer, tumbling everything together every which way.

Won't it be nice (NOT) when the PTB sneak in the Amero, or something similar, so that we can avoid all these hassles and the price of PMs will be the same in Canada, the US and Mexico too? (As well as firearms.)

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