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Message: US Greenbacks versus our Northern Peso.....

Dear ledenfrog

RVX closed at 1.7 on the TSX which converts to 1.235 USD. We will get a pop tomorrow if the price holds. If what you say is true, we should have seen more volume on the pinks. With the CAD on the move up again, picking RVX up at .7CAD is a real bargain - the low volume could mean that those in the know expect it to drift lower to .7 again. I was able to increase my position in December & Early Jan when the rate was around .71. I'm all for a stronger CAD. Hopefully it will peak with the announcement of a successful BOM trial.

Frankly, I don't think it effects trading much at these volume levels although you would think it would attract a more substantial position.

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