CurrencyShares Canadian Dollar Trust (FXC)

Dollar crash

shorting all currency funds. CAD is overvalued.

A resource based economies currency should benefit when compared to other currencies of non-resource based nations.

Time to move north.

The USD just about has to fall relative to the Canadian dollar.

One of many currencies I have recently made an underperform call on.

If a currency outperforms the s&p for an extended period of time with this little leverage, it will be the new "American dollar" from a new global powerhouse with the military, economic conditions, tax base, stability, and political will similar to the U.S. China is my vote for the future global safehouse, but I can't see global investors trusting their capital with a communist regime. The consensus seems to be that the dollar will be slowly replaced by a basket of stable currencies, and as such, the S&P should outperform these currencies in the long run.

--Wh1sp

Waiting for Dollar crash.

This is a bear market bet. The Canadian dollar falls less than the S&P 500 when the market "corrects". The U.S dollar still remains a safe haven currency. i wouldn't bet against the USD right now.

The ongoing strength of Canada's currency due to it's lower domestic exposure to the international financial crisis, as well as a lack of "quantitative easing" by the Canadian Central bank will result in this currency holding value vs. other depreciating currencies.

DOWN RIGHT!

Obviously Canada is not printing like crazy, and its currency is backed by oil and gold.

Long term it is much safer than the US dollar and 0.8 seems like a good entry point.

Hedging dollar collapse

1) S&P500 is about to fall.
2) Cash will beat S&P500
3) CAD will beat US$

Net oil production and export by Canada should put a tack in the CAD price at these levels and leave upward room. Low volatility also means that compared to the S&P, there will be plenty of exits opportunities in the green.

Just an idea from CNBC, (Fast Money) it has oil using the Can. dollar. Looking for stocks to stop the bleeding.

Stimulus packages will increase the flow of US dollars leading to rising inflation and weak dollar. Canada has already shown its resistance to the global economic downturn and is positioned well in the face of continued gloominess.

Main risk here is that dollar has value as already been adjusted for this and of course, me being wrong.

Like it. Breaking out.

Fall in the U.S. Dollar. Canada is commodity driven as well. Rising price of oil will help.

It is inevitable the dollar will drop in value with the flood of dollars being thrown into the market. The Canadian debt situation is fairly strong. While I also wouldn't mind the Chinese Yuan, this should be a much better place to store your cash than in US Dollars.