We're looking to get long another currency other than the US Dollar. The Rydex Canadian Currency Shares (FXC) is likely where we’ll make a currency investment, on a down day. The FXC has lost -13% of its value since the last week of September; it also pays a 2.6% yield. Buy low.
Below is our chart and our levels.
BUY for a "Trade" = $82.10
SELL that "Trade" = $86.28
This is simply another way for us to express our investment idea that the US Federal Reserve will de-value the US$ again by cutting interest rates to negative (on a real basis). This will be inflationary, for a "Trade", and countries (Canada) levered to commodity price strength should benefit.
KM
Below is our chart and our levels.
BUY for a "Trade" = $82.10
SELL that "Trade" = $86.28
This is simply another way for us to express our investment idea that the US Federal Reserve will de-value the US$ again by cutting interest rates to negative (on a real basis). This will be inflationary, for a "Trade", and countries (Canada) levered to commodity price strength should benefit.
KM
