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Loonie Headed Higher?

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    #16
    .7625 attained. Rally intact

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      #17
      Originally posted by errolanderson View Post
      farming101 . . . gold is technically quite overbought and due for a sharp setback day. This could maul the loonie . . . . good observation.
      The fed capitulates on QE, the economy on shaky ground, debt levels sky high, geopolitical conditions deteriorating, central banks stockpiling gold at the fastest pace since the 70's. I wouldn't bet on gold pulling back much before the next leg higher. Gold the barbarous relic is becoming more relevant then ever.

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        #18
        Its so laughable when Trump repeatedly says China is paying the tariffs! Are Trump supporters so stupid that they can't figure this out? LOL Trump the greatest con man ever!

        "U.S. President Donald Trump says China pays the tariffs he has imposed on US$250 billion of Chinese exports to the United States.

        But that is not how tariffs work. China’s government and companies in China do not pay tariffs directly. Tariffs are a tax on imports. They are paid by U.S.-registered firms to U.S. customs for the goods they import into the United States.

        Importers often pass the costs of tariffs on to customers — manufacturers and consumers in the United States — by raising their prices."

        https://business.financialpost.com/news/economy/explainer-who-pays-trumps-tariffs-china-or-u-s-customers-and-companies

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          #19
          Originally posted by biglentil View Post
          The fed capitulates on QE, the economy on shaky ground, debt levels sky high, geopolitical conditions deteriorating, central banks stockpiling gold at the fastest pace since the 70's. I wouldn't bet on gold pulling back much before the next leg higher. Gold the barbarous relic is becoming more relevant then ever.
          big lentil, excellent points . . . Fed July rate decision will have a direct impact on gold. Trump wants rates to drop to weaken the USD and support the flow of money into equities. Powell stated he may not bow to Trump demands. If Fed holds rates steady, this could a disappointment for stocks and gold.

          We’ll know soon.

          Comment


            #20
            Originally posted by chuckChuck View Post
            Its so laughable when Trump repeatedly says China is paying the tariffs! Are Trump supporters so stupid that they can't figure this out? LOL Trump the greatest con man ever!

            "U.S. President Donald Trump says China pays the tariffs he has imposed on US$250 billion of Chinese exports to the United States.

            But that is not how tariffs work. China’s government and companies in China do not pay tariffs directly. Tariffs are a tax on imports. They are paid by U.S.-registered firms to U.S. customs for the goods they import into the United States.

            Importers often pass the costs of tariffs on to customers — manufacturers and consumers in the United States — by raising their prices."

            https://business.financialpost.com/news/economy/explainer-who-pays-trumps-tariffs-china-or-u-s-customers-and-companies
            Actually the producer does bear the bulk of the cost of the tariff in a competitive marketplace so Trump supporters are not that stupid after all. An obvious example is India's pulse tariffs. They promptly dropped the price paid to the producer: the western Canadian pea and lentil grower. One of the reason that historically canola prices were behind soy was due to China having a 9% tariff on canola seed but only 3% on soy. This is back in the olden days when China could afford to import commodities. Anyways you can rest assured that China absorbing a large portion of those tariffs otherwise they will get undercut by other suppliers in the US market. Everybody in the world wants to export more product to the US so there is no lack of supply.

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              #21
              Where there are many different sources of supply in commodities, then suppliers that are subject to tarrifs will have to drop their prices to compete. But US buyers still pay the import tarrifs that are passed onto to consumers and don't get the benefit of lower prices. It is a tax on US citizens.

              In the case of Chinese made consumer items, they are such a huge supplier that in many examples there are no other suppliers in the short term. Again US citizens end up paying the import tarrifs to the US government.

              China may lose market share but it is US consumers who pay the tarrifs.

              Once you factor in the cost of retaliatory tarrifs imposed by China which have cost American and Canadian farmers billions of dollars, it is clear that everyone loses under Trumps trade war with China.

              Comment


                #22
                Hahahhahah

                American companies are coming back home. Americans are working and guess what working people are happy and spend money at home or visit other places.

                China makes shit and that is clear to see.

                I for one would like to see a higher Canadian dollar.

                Comment


                  #23
                  Canadian dollar technically breaking higher. Fed caving to Trump’s lower rate demand plus BOC holding rates steady appear driving force. Next key resistance seen at 78 cents (IMO).

                  Comment


                    #24
                    The premiers are pushing for an exemption for Canada with Trumps Buy American law. Why is there so little criticism of Trumps protectionist policies that are hurting Canadian companies and farmers? I don’t understand why so many agrivillers are cheering him on when he is costing you and I and we are losing Canadian jobs? Yeah you don’t like Trudeau, but to completely to ignore Trumps attacks on our economy makes no sense. Whose side are you on folks?

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                      #25
                      Ahhh,... Common sense.

                      Comment


                        #26
                        Originally posted by chuckChuck View Post
                        The premiers are pushing for an exemption for Canada with Trumps Buy American law. Why is there so little criticism of Trumps protectionist policies that are hurting Canadian companies and farmers? I don’t understand why so many agrivillers are cheering him on when he is costing you and I and we are losing Canadian jobs? Yeah you don’t like Trudeau, but to completely to ignore Trumps attacks on our economy makes no sense. Whose side are you on folks?
                        How has he targeted Canada? our govt is at fault because skippy and the minister of too tight dresses spied on trump, donated to Clinton and bashed trump to his face and then wanted a special deal.

                        Trump is getting the best deals he can for his country. Not his fault we have incompetent children elected here.

                        Comment


                          #27
                          Originally posted by bucket View Post
                          Why buy deere ...they are the modern day CCIL....
                          Harsh!

                          Comment


                            #28
                            Originally posted by chuckChuck View Post
                            The premiers are pushing for an exemption for Canada with Trumps Buy American law. Why is there so little criticism of Trumps protectionist policies that are hurting Canadian companies and farmers? I don’t understand why so many agrivillers are cheering him on when he is costing you and I and we are losing Canadian jobs? Yeah you don’t like Trudeau, but to completely to ignore Trumps attacks on our economy makes no sense. Whose side are you on folks?
                            Perhaps because many of us have accepted the fact that (Insert name of current or future US president's name here, regardless of party), attacks on Canadian companies and farmers soon will be a net positive for the regions who have joined the US. And the longer this goes on, and the worse it gets, the more we will be driven to that result. Unlike most of the instant gratification crowd, some are willing to accept short term pain for long term gain.

                            Could you check the protectionist stance of all of the candidates in the previous election, and let us know which ones weren't promising to be much more protectionist, same for this next go around? As easy and fun as it might be to blame Trump for everything that is wrong in the world, he is the symptom, not the cause. And some analysts say he will likely be the least protectionist president they have in coming decades.
                            Last edited by AlbertaFarmer5; Jul 12, 2019, 10:29.

                            Comment


                              #29
                              Originally posted by AlbertaFarmer5 View Post
                              Perhaps because many of us have accepted the fact that (Insert name of current or future US president's name here, regardless of party), attacks on Canadian companies and farmers soon will be a net positive for the regions who have joined the US. And the longer this goes on, and the worse it gets, the more we will be driven to that result. Unlike most of the instant gratification crowd, some are willing to accept short term pain for long term gain.

                              Could you check the protectionist stance of all of the candidates in the previous election, and let us know which ones weren't promising to be much more protectionist, same for this next go around? As easy and fun as it might be to blame Trump for everything that is wrong in the world, he is the symptom, not the cause. And some analysts say he will likely be the least protectionist president they have in coming decades.
                              We already have one of the largest bilateral trading relationship in the world. Which can be viewed as a strength and a weakness if protectionism takes over. Republicans used to be for free trade but Trump is going the other direction which will hurt economic growth here, there and all over the world. I thought most Agrivillers were free market capitalists? Apparently many favour government intervention! Quite the change of direction! LOL

                              Will you still support Trump if he imposes tarrifs on your products and screws up your market?

                              Don’t bother with any talk of joining the US as there is very little support for that. And so any justification that Trumps policies are going to benefit you in the future is a naive delusion.

                              Name one serious politician who is running with a western separatist agenda? There are none so give up on your little fantasy!

                              Comment


                                #30
                                Originally posted by chuckChuck View Post
                                We already have one of the largest bilateral trading relationship in the world. Which can be viewed as a strength and a weakness if protectionism takes over. Republicans used to be for free trade but Trump is going the other direction which will hurt economic growth here, there and all over the world. I thought most Agrivillers were free market capitalists? Apparently many favour government intervention! Quite the change of direction! LOL

                                Will you still support Trump if he imposes tarrifs on your products and screws up your market?
                                Never said I support Trump, I said nearly all of the candidates were protectionist. Have you done the research I asked? Who was less protectionist than Trump, and who is less this time around?

                                And yes, protectionism hurts everyone. It amounts to getting a bigger piece of a smaller pie for the protectionist country, and fighting over progressively smaller pieces of a smaller pie for everyone else. I far preferred how it used to be, but neither of us have no input into US policy, so the best we can do is figure out how to make the best of a bad situation. But that doesn't mean it has to go back to where it was, or ever will. I am viewing these events as inevitable and looking at the only way we as an exporting region can survive.

                                If you prefer to keep your head in the sand and pretend that Trump is just a bad nightmare, and in a few more months it will all be over and we can get back to how it's always been, then feel free.

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