The yen continues to weaken, as it should, given the continued weak economic data coming from Tokyo. |
There are very real problems brewing in the smaller currencies of the world that do not seem to be upon the radar screens of the world's capital market's traders. |
There is no question, however, that the bank was feeling a great deal of political pressure put upon it by the government. |
This is one strong economy. |
We remain fundamentally bullish on gold . . . for the very simple reason that there is growing disdain for currencies generally. |
Why shouldn't Canada go to parity? It has what the world needs. It has water, it has oil, it has steel. You name it, Canada has it. |