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Shamarskii Simon
The Hundred Acre Hood
611
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Posted - 2016.01.15 12:59:00 -
[1] - Quote
HOLY. I'm actually a little worried about how life will be here in Canada by next year... Right now the CAD is trading under 70-ó US atm, and some predict it'll fall to 59-ó by the end of the year.
I've been looking for a currency to invest in that might rise in the future (I was thinking Chinese Yuan but... Constantly depreciating themselves makes that a risky move) whilst the CAD falls, making a trade to USD cheaper in the future... I just can't find one w/ a positive forecast.
Potential Pilot Proposal? Yes!
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7th Son 7
Hakuna Matatah Inc
1
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Posted - 2016.01.15 17:56:00 -
[2] - Quote
Man you guys have my sympathy, i've been following this myself. I truly hope this gets remedied soon bro, for everyon's sake. o7
Only your complete and total awareness is needed, nothing else will do. ----- OSHO
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Flix Keptick
Red Star.
4
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Posted - 2016.01.15 19:45:00 -
[3] - Quote
Considering that we're a fully developed nation we should pull out it, eventually... Part of it is due to oil prices plumeting (a good chunk of our exports), so if that goes up the loonie should go back up as well.
In the mean time, it really sucks that games are priced at 80$, along with other stuff being more expensive.
For non-Canadians, If you want to buy aurum with a 40% rebate then come here, lol. The prices haven't been adjusted yet.
scout//assault//heavy
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Shamarskii Simon
The Hundred Acre Hood
616
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Posted - 2016.01.16 00:46:00 -
[4] - Quote
One thing I don't understand atm is... Why is oil so cheap all of a sudden...? Less than $40 a barrel suddenly.
Sadly I'll be buying local for awhile. The GTA should have enough to cover until it comes back up
Potential Pilot Proposal? Yes!
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Flix Keptick
R-A-P-T-U-R-E
4
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Posted - 2016.01.16 09:55:00 -
[5] - Quote
Shamarskii Simon wrote:One thing I don't understand atm is... Why is oil so cheap all of a sudden...? Less than $40 a barrel suddenly.
Sadly I'll be buying local for awhile. The GTA should have enough to cover until it comes back up
A couple reasons. Mostly because there is an overstock atm, making supply much higher than demand. This was caused by a couple things, such as the massive increase in murican' shale production, meaning that they're purchasing a lot less oil from other countries. In addition, some expected production drops didn't occur in unstable countries like irak. And to top it off Saudi Arabia didn't give a **** so they kept producing as much.
All that made the oil stocks rise and sent the prices plummeting.
scout//assault//heavy
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Vlad Rostok
345
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Posted - 2016.01.16 17:32:00 -
[6] - Quote
Shamarskii Simon wrote:HOLY. I'm actually a little worried about how life will be here in Canada by next year... Right now the CAD is trading under 70-ó US atm, and some predict it'll fall to 59-ó by the end of the year.
I've been looking for a currency to invest in that might rise in the future (I was thinking Chinese Yuan but... Constantly depreciating themselves makes that a risky move) whilst the CAD falls, making a trade to USD cheaper in the future... I just can't find one w/ a positive forecast.
Back in the mid '90's the CAD was running around 63 cents US. I was working in the states on a NAFTA permit so it was pretty sweet whenever I went home for a visit.
Dollar parity ebbs and flows. Right now everyone and their dog are diving into the US dollar because it's perceived to be more secure. Yellen and company at the Fed just raised interest rates a bit last month, but that won't last.
For an unvarnished look behind the wizard's curtain check out zerohedge.com.
If you're young and looking for investment opportunities have a look at Simon Black's Sovereign Man blog. |
Vlad Rostok
346
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Posted - 2016.01.16 17:41:00 -
[7] - Quote
Flix Keptick wrote:Shamarskii Simon wrote:One thing I don't understand atm is... Why is oil so cheap all of a sudden...? Less than $40 a barrel suddenly.
Sadly I'll be buying local for awhile. The GTA should have enough to cover until it comes back up A couple reasons. Mostly because there is an overstock atm, making supply much higher than demand. This was caused by a couple things, such as the massive increase in murican' shale production, meaning that they're purchasing a lot less oil from other countries. In addition, some expected production drops didn't occur in unstable countries like irak. And to top it off Saudi Arabia didn't give a **** so they kept producing as much. All that made the oil stocks rise and sent the prices plummeting.
The oil supply glut situation has existed for a while now. Look up inventory trends at the Cushing, OK oil terminal. We were collectively being screwed when oil was north of $100, but that's another story.
Sure American shale oil production didn't help the oversupply situation, but it won't last. Investment in shale oil exploitation has vanished and those wells deplete very quickly.
The Saudi's decided to quit propping the price and are now preserving market share. They have some pretty serious potential domestic issues that may arise sooner than later if oil revenues don't recover. Add to that the fact that Iran's oil will be coming back to market soon.
It's also interesting to note that US gasoline consumption peaked around 2006 and has been declining since.
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