Don-n-ABQ

Time to Buy China, Copper, the Canadian Dollar and Oil

Graham,

Don't forget net trade receipts with that country just to the south. The fall in exports to the U.S. have also caused a drop of Loonie.


On Mar 07 07:01 PM Graham Burge wrote:

> As a Canadian i would like to explain something about the Lonnie.
>
> The Canadian Lonnie has been falling since christmas and it has nothing
> to do with a plunge in commodity prices.
> The Lonnie already was hammered back in september from falling commodity
> prices.
> What is causing the Lonnie to drop lately is the Canadian Federal
> Governments insistance to continually drop the Bank of Canada prime
> lending rate presently at 0.5 %.
> This is probably as low as they can go with that.
> Watch the Lonnie rally hard over the next 18 months while the feds
> are powerless to stop it.
> Yes the Lonnie is commodity driven and the depressed commodity prices
> are already priced into the Lonnie.
> And when commodities do take off they will take the Lonnie with them.

Time to Buy China, Copper, the Canadian Dollar and Oil

FYI:

The is PowerShares DB Agriculture Fund (DBA)

25% - Corn
25% - Wheat
25% - Soy beans
25% - Sugar

Where's the rice? I, like the rest of the world eat more rice than either corn or sugar.

I just bought some:

ELEMENTS ETN - Rogers International Commodity Agriculture (RJA)

It is more realistic.

Wheat - 20.06%
Corn - 13.61
Cotton - 11.60
Soybeans - 8.60
Soybean oil - 5.73
Coffee - 5.73
Sugar - 5.73
Live cattle - 5.73
Rubber - 2.87
Lumber - 2.87
Lean Hogs - 2.87
Cocoa - 2.87
Soybean Meal - 2.15
Canola - 1.92
Orange Juice - 1.89
Rice - 1.43
Oats - 1.43
Azuki Beans - 1.43
Barley - 0.77
Creasy Wool - 0.72

Also, please review:
"Six Agricultural ETNs Growing Like Corn"
www.thestreet.com/stor...