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THE LOONIE WATCHER (Copyright 2006)

THE LOONIE WATCHERS COMMENTARY FOR APRIL 5, 2006














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THE LOONIE WATCHER’S COMMENTARY FOR APRIL 5, 2006

 

THE LOONIE

The Bulls remain in control as of today’s close (4/05/2006).

The market proved again that the Bears are still afraid to sell.

The shorts have covered, but where are the buyers?

The locals have uncovered a lack of buyers at the current price!

Alas, the trend is still down on the Loonie, so any new buyers will probably have a nasty surprise.

 

THE $USD

The $USD has resumed its downtrend!

Today’s closing price proved that the $USD is now attracting new selling pressure.

The $USD’s weakness may be reflecting the explosion of the spending for the Iraq war.

 

This phenomenon is incorporated into the BoomBust Cycle Point Predictor (Copyright 2006).

 

 

The subscribers to THE LOONIE WATCH (copyright 2006) have already received the necessary instructions to capitalize on the new information!

 

SUMMARY

We see the paradox of two totally different currencies that are under pressure.

Canada is a natural resource based currency, and the US is a financial asset based currency!

These currencies should trade in opposition, but they appear to be trading in tandem at this time!

Could deflation be waiting in the wings? That would take both economies down!

The CRB Index has been under pressure since 2/01/2006.

 

Stay tuned to GOLDSEEK.COM, your source for updates for THE LOONIE WATCHER, THE BLACK GOLD WATCHER, and the MIDAS SAYS!

 

Price quotes and charts to help in using this report may be found at the following links:

This list includes both Stock and Commodity chart sources!

http://www.barchart.com/

http://tfc-charts.w2d.com/chart/CO

http://bigcharts.marketwatch.com/default.asp?siteid=&avatar=seen&dist=ctbc

 

.

Wayne N. Krautkramer onlypill@cox.net

Http://onlypill.tripod.com/thelooniewatchercopyright2006bypitagorasinternacionalsa

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