It's a proxy for the CL market, so I would want to be long USD here in the short-term as I feel CL is headed to 72 by the end of October. That being stated, I'd rather be short CL than long USDCAD.
Excuse my ignorance what does CL stand or? I want to reiterate i am ignorant in this market thats why im looking for others opinions.
Isnt short crude the same as long the USD, we pump more oil in canada. Or maybe not more crude but an overall commodity standpoint. btw no problem, i appreciate it, any response from you holds alot of value, i know the good from the bad on here, and you helped me eliminate that piece BNB it only took me 3 previous posts of his to realize, thank you.
Canada has immense oil reserves. The cost of production [extraction and delivery] is high, therefore they're highly correlated and geared to oil.
The Fed prints far more dollars than the US (or global economy) can absorb. This creates inflation, bubbles, market distortions and untenable risk - on a global scale. Inflation is bad for everyone except savvy investors who understand the landscape and navigate accordingly. A bubble is bad because the average-maxed-to-the-hilt-schmo WILL lose his/her house when "the music stops". Market distortions created by rampant inflation can only be corrected through curtailed demand. Or, what is otherwise known as a 'recession'. The harbinger of that is higher interest rates - unless we decide to hyper inflate (see #1). The longer the presses run - or, in other words, the weaker the dollar - the deeper prices distort, the more debt defaulted and finally, the more pain felt when the piper comes calling. The fundamental relationship between money supply and productive output cannot be violated without severe consequence. Its as much as a mathematical certainty as it is a psychology one. Yes, yes. Iceberg dead ahead.
Dang it I wanted to the inspire the boy wonder to tell me why or make a video about it and tell me how it all fits in with the famous BNB method. You ruined all my fun (which shows just how little fun there is in my life right about now, LOL) Can he tell us why a cheap (not worthless!) dollar policy might be in order, and then compare each and figure out which situation applies right now? Brandon