$60 Crude = 80 cent Loonie

[Redone]

Errol,
Do you sell gold futures? NO offense, but the only other person I hear talk the way you do, sell gold and precious metals on the radio on Sunday morning

[errolanderson]

Errol,
Do you sell gold futures? NO offense, but the only other person I hear talk the way you do, sell gold and precious metals on the radio on Sunday morning

Gold suffers from global deflationary pressures and a sharp decline in physical gold buying demand by India consumers. Precious metal prices have done very little over the past five years and remains 30% below highs seen in 2012 during the China economic miracle period.

Recent temporary jumps in gold have been driven by geo-political events driving spec buying ie: North Korea. Gold prices needs the support of global inflation to thrive and maintain strength. Spec buying alone will not maintain gold rallies (IMO) . . . .

[the big wheel]

errol what effect will cryptos have on gold and any other market for that matter. There is only so much money to invest.
I think there is an initial time frame where cryptos are an investment then shouldn't they become a normal price stable as that value is figured out for each currency?
What are your thoughts?

[errolanderson]

errol what effect will cryptos have on gold and any other market for that matter. There is only so much money to invest.
I think there is an initial time frame where cryptos are an investment then shouldn't they become a normal price stable as that value is figured out for each currency?
What are your thoughts?

If this occurs, banks and the banking system may be under pressure. Really have no idea right now as cryptos are now targeted by criminal money and unregulated.

[the big wheel]

That's true the value of them likely will be determined by how they are regulated or if not. if they catch on worldwide what would be the value of holding gold? Good backs money does crypto need to be backed? It's always there. No bank to go broke or no worry about the country go broke either. It's interesting stuff.

[Oliver88]

It appears is putting the pedal to the floor with approving offshore drilling....Al Gore fan club will undoubtedly lose their mind.

http://abcnews.go.com/Politics/trump-administration-seeks-expand-offshore-drilling-federal-waters/story?id=52141264

I’m assuming this is part of the USA energy independence America First plan....which should reduce funding terrorist friendly countries.

[errolanderson]

December job data in both Canada and U.S. released this morning . . . .

U.S. unemployment remains at 4.1% with a 45 year low labour participation rate of 62.7%
Dec jobs created 148,000, well below the average consensus of 190,000 jobs. Biggest losses in retail.

Canada superstar report . . . . Dec jobs created approach 80,000, well above the average estimate of 1,000 jobs . . . say huh? Our unemployment has declined to 5.7%.

Translation, huge move higher in the Cdn dollar after release. Loonie now approaching 81 cents U.S.

[Misterjade9]

Errol, what sectors are these jobs being created in? I don't see many new jobs in the wealth creating category ie. Ag, mining, resources, construction, manufacturing are all these jobs low paying service sector and public sector jobs?

[errolanderson]

Errol, what sectors are these jobs being created in? I don't see many new jobs in the wealth creating category ie. Ag, mining, resources, construction, manufacturing are all these jobs low paying service sector and public sector jobs?

Have to take the amazing Cdn jobs report with a grain-of-salt. Part-time jobs were more than doubled. Banking jobs up amazing 25,000 at a time consumer lending is tightening. Really? But Canada’s growth is chugging along at around 2 to 2.25 percent.

Lot of talk now of a BOC rate hike soon due to this number. Don’t count on it. Cdn economy is in for some headwinds in 2018. View this report as highly skewed . . . .

[grassfarmer]

Tired of all the winning yet? lol