TSX:SGR.UN - Post by User
Post by
marketmineron Aug 09, 2007 7:26pm
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Post# 13224801
Did you realize...
Did you realize...The Canadian dollar has increased in value 12+% to the US dollar in the past 6 months!
The ramifications of this dwarf the sub prime defasco in the US for Canadians..... and the federal government sit back with their dicks in hand....If they don't start doing some defensive measures soon, they will be in full fledged damage control in the next 6 months.
By comparision the Chineese have revalued their currency in an orderly manor of 14% over the past 2 years..... Today telling the US to back off calling for faster change or they will dump their 1.3 trillion dollars/ t bills into the market and sink the US dollar.
If I was them I would just buy up every oz of gold in the market they can get their hands on.... that would cause a supply crunch and drive the price.....
Maybe they would like to buy SGR....We have gold.... they have many LYP's that would be willing to dig it out...LOL