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THE LOONIE WATCHER’S COMMENTARY FOR MARCH 13, 2006

Today’s close again finds the $USD back at the top of it’s range, and the Loonie at the bottom of i’ts range.

THE LOONIE

The commercials continue their buyer’s strike! The financial picture is very muddled at this moment.

The Loonie’s close today showed a weak market, and more time will be needed to prove to the "market" that the Loonie is a buy!

The Loonie is still in its trading range, and will stay here until some "event" occurs!

THE $USD

The $USD is locked in a small range.

The locals have given up hunting buy stops for the moment.

Commercials are waiting for a resolve on the US Debt Ceiling.

The $USD again finished with a strong close, leaving the shorts scratching their heads.

SUMMARY

The US Debt Ceiling drama, combined with a possible response from the UAE for overturning the port management deal, gives the fearmongers much material for creating some real daymare scenarios.

Add the bird flu drama, and all the Steven King’s wannabes will be going to town in the media.

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

Wayne N. Krautkramer onlypill@cox.net


				*THE LOONIE WATCHER (Copyright 2006)* *THE LOONIE WATCHERS COMMENTARY FOR MARCH 13, 2006*



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