RE:RE:RE:Cheap like borschtYes oil is adding to the inflation numbers, which are under-reported for the most part. Food and cost of living has probably risen over 6 or 7 % in the past year, and as we know, OIL prices make all those commodities and products that consumers need delivered , more expensive.
Eventually OIL price will come back down to earth, but with the trillions of $ that have been created to fight the flu, it is not a surprise that the extra capital and liquidity ( created from nothing) will make every useful commodity in the world go up in price. OIL, NAT GAS are no exceptions.
DGS hasnt made the move up in October that many of the other split funds have had.... FFN up .37, DFN up .33 and FTN up 47 cents( and trading at a 50 cent discount).
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flamingogold wrote: Oil touched $80 today and now starting to make headlines as the price of crude, while not a record, is hitting the consumer hard with near record prices at the pump. Another $10 up and I would be concerned and over $100 oil and it's time to move more $ out of the market. High oil price is good for Canada but in the end crashes markets.
EdPaquette wrote: Agreed. It looks like we dodged the bullet for USA debt ceiling and the nasdaq seems to be out of imminent danger. Good entry point here because dgs selling price (not nav) bounces up more than the others when things improve.
flamingogold wrote: 7% premium to NAV for the best diversified split there is.