GREY:VITFF - Post by User
Comment by
MVargason May 26, 2020 3:26pm
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Post# 31074592
RE:US$
RE:US$OCB1234 wrote: On a day of absolute carnage in the gold market, one good sign for US VGCX investors is the beating the US$ is taking today. Let's hope it continues so we can narrow the currency gap. :)
On the contrary, a narrowing of the currency gap between US$ and Cad$ also means a narrowing of VGCX's margins. That isn't good for US or Canadian investors.
The Canadian dollar is up today vs the US$, but while the US$ gold price is down about $17, the POG is down by C$60 to C$2355.