HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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Message: C$ on a roll, can resource stocks be far behind?
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C$ on a roll, can resource stocks be far behind?

posted on May 21, 2009 06:04PM

This from a foreign exchange specialist with RBS in Sydney in his research report.

"Investors should put on short (US) dollar positions against a combination of a “risky currency” such as Brazil’s real and a “safe” currency such as the yen, Gibbs said. A short position is a bet that an asset or currency will decline.

“The Canadian dollar might be the best middle ground currency to buy against the U.S. dollar,” he added. "

Now you know why C$ has gained ground quickly this week against US$

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