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03-09-2020, 10:08 AM
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Join Date: Dec 2008
Location: Alberta
Posts: 24,071
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$.70455 03/17/20
I have missed the boat a couple times, (happily now) and still have some US cash in surplus. Today it is higher than it has been for months (maybe years) to cashout, looks like it will fall more.
Another penny is a couple hundred dollars more in the jeans, and I have no interest in going to the States right now.
Ride it out or cash it in?
I am leaning towards waiting for a couple more cents, hate the thought of making money off our hurting economy, but thats the way it is working right now.
__________________
Only dead fish go with the flow. The rest use their brains in life.
Originally Posted by Twisted Canuck
I wasn't thinking far enough ahead for an outcome, I was ranting. By definition, a rant doesn't imply much forethought.....
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03-09-2020, 10:12 AM
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Join Date: Sep 2008
Location: Edmonton Alberta
Posts: 9,611
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My partner says US funds are only gonna get better
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03-09-2020, 10:14 AM
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Join Date: Dec 2008
Location: Alberta
Posts: 24,071
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Quote:
Originally Posted by huntinstuff
My partner says US funds are only gonna get better
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Thank your partner for me.
I am thinking the same. Another 05c would be huge
__________________
Only dead fish go with the flow. The rest use their brains in life.
Originally Posted by Twisted Canuck
I wasn't thinking far enough ahead for an outcome, I was ranting. By definition, a rant doesn't imply much forethought.....
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03-09-2020, 10:22 AM
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Join Date: Feb 2009
Location: Cardston Alberta
Posts: 346
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$.70 is my sell point. But I may re evaluate depending how fast we get there.
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BEER, BAIT and AMMO
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03-09-2020, 10:28 AM
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Join Date: Sep 2008
Location: Edmonton Alberta
Posts: 9,611
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Quote:
Originally Posted by B-radshaw
$.70 is my sell point. But I may re evaluate depending how fast we get there.
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If anything, I think we will hear a "clunk" one day....the sound of the Cdn dollar dropping off significantly.
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03-09-2020, 10:28 AM
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Join Date: Dec 2008
Location: Alberta
Posts: 24,071
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01/15/16 it hit .69c, been hovering .75-76 since.
It was $1.04 in 2011, I remember paying $985 CAD for $1000 USD.
It has gone from .73 to .74 in 4 hours this morning
__________________
Only dead fish go with the flow. The rest use their brains in life.
Originally Posted by Twisted Canuck
I wasn't thinking far enough ahead for an outcome, I was ranting. By definition, a rant doesn't imply much forethought.....
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03-09-2020, 10:30 AM
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Join Date: Dec 2008
Location: Alberta
Posts: 24,071
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Quote:
Originally Posted by huntinstuff
If anything, I think we will hear a "clunk" one day....the sound of the Cdn dollar dropping off significantly.
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And then of course the Banks will institute a 'new simplified fee' for us selling them US$, and we will get less back anyway.
__________________
Only dead fish go with the flow. The rest use their brains in life.
Originally Posted by Twisted Canuck
I wasn't thinking far enough ahead for an outcome, I was ranting. By definition, a rant doesn't imply much forethought.....
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03-09-2020, 10:40 AM
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Join Date: Sep 2008
Location: Edmonton Alberta
Posts: 9,611
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Quote:
Originally Posted by Ken07AOVette
And then of course the Banks will institute a 'new simplified fee' for us selling them US$, and we will get less back anyway.
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Yup. Lol
The Chinese upped their interest rates about 10 years ago and people thought that would up the US dollar.
Partner bought US $ big time......I think she pulled that off around 2007 or 2008 too.....
I just mattress stuff....Im no investor. Ive got ammo. If I need $, Ill get it....lol
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03-09-2020, 10:41 AM
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Join Date: Oct 2016
Location: Edmonton area
Posts: 1,467
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I sold mine, think the US is in for a rough ride ahead
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Wherever you go, there you are
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03-09-2020, 10:51 AM
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Join Date: Sep 2008
Location: Edmonton Alberta
Posts: 9,611
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Quote:
Originally Posted by Justfishin73
I sold mine, think the US is in for a rough ride ahead
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Im predicting a Trump re-election, a war, a weak Canadian government failing to deal with whatever, a Chinese government needing to lower their interest rates and low oil prices
If Canada were stronger Id likely say sell
But Canada is fragile. Unstable. An investment risk.
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03-09-2020, 11:01 AM
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Join Date: Oct 2016
Location: Edmonton area
Posts: 1,467
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Quote:
Originally Posted by huntinstuff
Im predicting a Trump re-election, a war, a weak Canadian government failing to deal with whatever, a Chinese government needing to lower their interest rates and low oil prices
If Canada were stronger Id likely say sell
But Canada is fragile. Unstable. An investment risk.
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Pretty spot on
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Wherever you go, there you are
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03-09-2020, 11:09 AM
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Join Date: May 2008
Location: Bonnyville Alberta
Posts: 2,355
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I moved some money around on Friday. moved to cash. My RRSP's are bleeding like mad but I am leaving them for now.
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03-09-2020, 11:29 AM
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Join Date: Dec 2008
Location: Camrose
Posts: 45,128
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Quote:
Originally Posted by huntinstuff
Im predicting a Trump re-election, a war, a weak Canadian government failing to deal with whatever, a Chinese government needing to lower their interest rates and low oil prices
If Canada were stronger Id likely say sell
But Canada is fragile. Unstable. An investment risk.
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And we won't have an election for another 3-1/2 years, so I don't see Canada gaining any strength before then.
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Only accurate guns are interesting.
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03-09-2020, 11:32 AM
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Join Date: Sep 2008
Location: Edmonton Alberta
Posts: 9,611
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Quote:
Originally Posted by elkhunter11
And we won't have an election for another 3-1/2 years, so I don't see Canada gaining any strength before then.
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Canada will bleed hard for the next 4 years. Then, a new government will come in and have a lot of "white mold" to deal with
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03-09-2020, 11:41 AM
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Join Date: Jul 2009
Location: GP AB
Posts: 16,239
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Yep. Think I'm going to move to Ecuador. Very low cost of living, clean and low crime rates (in Cuenca), and temperatures that are between 16-24 C year round. Oh, and a much, much lower tax rate. I knew there was a reason I've been practicing Spanish. Looking better all the time.....
I know, this was completely off topic. I'd say hold till the CDN hits $.70 Ken, this oil war is gonna slay our dollar, as well as the virus panic. It's the low dollar and high tax, anti business government that has me thinking (a lot) about Ecuador.
__________________
'Once the monkeys learn they can vote themselves a banana, they'll never climb another tree.'. Robert Heinlein
'You can accomplish a lot more with a kind word and a gun, than with a kind word alone.' Al Capone
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03-09-2020, 11:45 AM
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Join Date: May 2010
Location: edmonton
Posts: 3,849
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right now
a $1 in hand is better then $2 that maybe coming ??
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03-09-2020, 11:47 AM
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Join Date: Apr 2017
Posts: 9
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Given the current market today, I don't think stabilization will occur at all anytime soon. Pick what you're comfortable with. Personally, I'd just cash it.
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03-09-2020, 11:53 AM
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Join Date: Oct 2008
Location: In the shadow of the Valhalla Mountains, BC .
Posts: 9,175
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Quote:
Originally Posted by elkhunter11
And we won't have an election for another 3-1/2 years, so I don't see Canada gaining any strength before then.
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We have a 'Minority' government this time around ... in theory, an election could happen at any time.
All it would take, is for the Liberals to lose a 'non-confidence vote', and we'd be off to the polls again.
Once the CPC have selected a new leader (June 27th), the clock will start ticking.
Selkirk
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03-09-2020, 11:58 AM
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Join Date: Feb 2008
Posts: 3,082
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Commodities have Ben low for long time. Going lower ASAP. I am thinking Slingshot starting now. With South America falling apart. Socialism collapse Chile was looking good, not anymore, Venezuela wow! So many Venezuela working in Alberta now. Low prices,on most commodities. Give couple years, bounce back hard, and with all Ill prepared nations just be adding to confusion. Example Canada needs another pipe line, cannot get it done, with all liberal environmental hurdles. This is everywhere to many hurdles.
I am ready for Slingshot......
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03-09-2020, 12:02 PM
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Join Date: Dec 2008
Location: Near Edmonton
Posts: 15,049
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RBF2014, straight U.S. dollar savings account, you can earn .45% interest while it sits. That is the equivalent of it dropping half a cent a year while you are waiting to hit 70 cents. Right now I would be holding onto all the U.S. dollars I had, like the others I don't see Canada's dollar getting stronger over the next year or so.
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03-09-2020, 12:36 PM
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Join Date: Jul 2017
Posts: 1,425
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I suspect Trumps economics are going to do well. protectionism could pay off big in slumping world markets. It could all far apart if Trump was ousted, but I think a lot of people are re-evaluating what it all means.
I plan on continuing to play small on the ‘events’ , securing the bulk for term.
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03-09-2020, 12:52 PM
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Join Date: Dec 2008
Location: Alberta
Posts: 24,071
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Quote:
Originally Posted by Dean2
RBF2014, straight U.S. dollar savings account, you can earn .45% interest while it sits. That is the equivalent of it dropping half a cent a year while you are waiting to hit 70 cents. Right now I would be holding onto all the U.S. dollars I had, like the others I don't see Canada's dollar getting stronger over the next year or so.
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$10,000 gives you $45. I would do better picking bottles out of ditches
__________________
Only dead fish go with the flow. The rest use their brains in life.
Originally Posted by Twisted Canuck
I wasn't thinking far enough ahead for an outcome, I was ranting. By definition, a rant doesn't imply much forethought.....
Last edited by Ken07AOVette; 03-09-2020 at 12:57 PM.
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03-09-2020, 01:02 PM
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Join Date: Dec 2008
Location: Near Edmonton
Posts: 15,049
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Quote:
Originally Posted by Ken07AOVette
$10,000 gives you $45. I would do better picking bottles out of ditches
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Yes you would but but the money is just sitting there anyhow. In all truth, a 3 cent move to 70 cents gives you $300 so you can still do better picking bottles than you can worrying about small changes in exchange rates. You have a real talent for finding god deals on equipment, you could make far more buying sand selling equipment with those dollars than you ever will arbitraging the exchange.
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03-09-2020, 02:48 PM
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Join Date: Apr 2015
Location: Lloydminster
Posts: 4,506
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$1.3417 about an hour ago, I'm sitting on about $20K US myself and been thinking of cashing it in ??????????? bought a bunch back in 2011 for .9412 when we had our house in Arizona, so far it's been doing OK in a USD money market fund so kind of torn between cashing it in or leaving it ride ???? if I could always predict what was going to happen I'd be a billionaire
__________________
The problem we have today is that the people who work for a living are outnumbered by the people who vote for a living.
We were all born ignorant but one must work very hard to remain that way.
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03-09-2020, 06:37 PM
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Join Date: Dec 2008
Location: Alberta
Posts: 24,071
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this just popped up on XE.com
US Dollar soars to new highsLOG IN
USD has climbed to a new high since 2017 against the Canadian Dollar due to a fall in crude oil prices.
Could now be a good time to transfer?
Log in or sign up to get a money transfer quote
__________________
Only dead fish go with the flow. The rest use their brains in life.
Originally Posted by Twisted Canuck
I wasn't thinking far enough ahead for an outcome, I was ranting. By definition, a rant doesn't imply much forethought.....
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03-09-2020, 06:39 PM
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Join Date: Dec 2008
Location: Alberta
Posts: 24,071
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I picked a number- $8,114.00 USD
Been using it for a year now, was as low as 10,460.00 at one point.
8,114USD = 11,073.15
CAD
1 CAD = 0.732764 USD
1 USD = 1.36470 CAD
__________________
Only dead fish go with the flow. The rest use their brains in life.
Originally Posted by Twisted Canuck
I wasn't thinking far enough ahead for an outcome, I was ranting. By definition, a rant doesn't imply much forethought.....
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03-09-2020, 06:41 PM
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Join Date: Dec 2008
Location: Alberta
Posts: 24,071
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Quote:
Originally Posted by Dean2
Yes you would but but the money is just sitting there anyhow. In all truth, a 3 cent move to 70 cents gives you $300 so you can still do better picking bottles than you can worrying about small changes in exchange rates. You have a real talent for finding good deals on equipment, you could make far more buying sand selling equipment with those dollars than you ever will arbitraging the exchange.
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Thank you!
Thats actually why I do not have anything locked into any account that I can not access. (not that there has ever been much anyway)
Find something worth $50g for $20g- sure here is the cash.
I far prefer that to any risk that lenders bankers mortgage experts investors or day traders have told me is such a wonderful way of making my money work for them.
__________________
Only dead fish go with the flow. The rest use their brains in life.
Originally Posted by Twisted Canuck
I wasn't thinking far enough ahead for an outcome, I was ranting. By definition, a rant doesn't imply much forethought.....
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03-09-2020, 10:18 PM
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Join Date: Jul 2012
Location: one Fort or another
Posts: 768
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I'd wait until 70 cents anyway, even if you miss the absolute peak, you won't miss much. As weak as the US economy is, it's still bigger and stronger than the Canadian one with an arguably more business-oriented leadership. I still remember 65 cents and they never had a virus scare back then.
And when the markets appear to trough, you'll probably want to take some bear put spread positions in SDS in a US denominated account which will need US capital deposits, as they are net debit to open.
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03-09-2020, 11:22 PM
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Join Date: Dec 2008
Location: Alberta
Posts: 24,071
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Quote:
Originally Posted by Arty
I'd wait until 70 cents anyway, even if you miss the absolute peak, you won't miss much. As weak as the US economy is, it's still bigger and stronger than the Canadian one with an arguably more business-oriented leadership. I still remember 65 cents and they never had a virus scare back then.
And when the markets appear to trough, you'll probably want to take some bear put spread positions in SDS in a US denominated account which will need US capital deposits, as they are net debit to open.
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I am sorry- I read this every way but upside down, and I can not figure that out
__________________
Only dead fish go with the flow. The rest use their brains in life.
Originally Posted by Twisted Canuck
I wasn't thinking far enough ahead for an outcome, I was ranting. By definition, a rant doesn't imply much forethought.....
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03-10-2020, 12:49 AM
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Join Date: Oct 2008
Posts: 332
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