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THE LOONIE WATCHER’S COMMENTARY FOR MARCH 22, 2006
THE LOONIE
The Bears are back!
The market proved today that the Loonie has broken its
key support, and the Commercials have abandoned the Loonie at this time.
Look for the Loonie to come under extreme selling pressure now that the value of commodity powered economies have come into question!
Attention Business Editors TORONTO , March 8 /CNW/ - The BMO Financial Group Commodity Price Index fell in February for the second consecutive month, with a 3.3 per cent
drop to 198.0 .
Expect the Loonie to remain under pressure until the latest commodity price correction has resolved itself.
Should the current price correction turn into a Bear market for commodities, the Loonie
will have to lose ground against the $USD.
THE $USD
The $USD continues locked in its range.
The Commodity picture has thrown a new curve onto the forecasting highway, and financial assets continue to
do well.
This skews the investment picture into one of the $USD becoming a safe haven. That perception would put the
$USD in a strong position!
At first glance, this seems to be a flawed premise. It’s true that the US has many financial problems.
But there may be bigger concerns in the market at this time.
The subscribers to THE LOONIE WATCH (copyright 2006) have already received the necessary instructions to capitalize on the new
information!
SUMMARY
The Loonie’s bull market trend is now imperiled, and smart money is cashing out! The US has just shown that financial assets may
be king again if the stock market is to be believed.
The end of the Carry Trade, combined with the collapse in commodity prices, may put the $USD back in the driver’s
seat of the world’s economy!
Stay tuned to GOLDSEEK.COM, your source for updates for THE LOONIE WATCHER, and THE BLACK GOLD WATCHER
.
Wayne N. Krautkramer onlypill@cox.net
https://onlypill.tripod.com/thelooniewatchercopyright2006bypitagorasinternacionalsa
Pitagoras Internacional SA will not be liable for any liability, loss or damage directly or indirectly caused,
or believed to be caused, by THE LOONIE WATCHER (copyright 2006)
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