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The Dollar Dive

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Just Ol' Willy View Drop Down
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    Posted: 28/October/2008 at 4:01pm
I just bought some software and an electric heater from down south. On Sept 23, 341.95 US converted to 363.23 Canadian. On September 30 th, 595.34 US became $648.52. If I bought theses things today it would convert to  442.59 for the software and 770.55 for the heater. I guess my bucks are gonna have to stay here now. 
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luvsnow View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote luvsnow Quote  Post ReplyReply Direct Link To This Post Posted: 28/October/2008 at 4:08pm
I know what you mean. For the longest time it was a bargain for people from the US to go to Canada to buy stuff because the dollar went further. About 7 years ago we went to Toronto frequently and the bellmen at the hotel would be happy if we tipped them in dollars. A few months ago I doubt they would have appreciated us tipping them in dollars since the Canadian Dollar was worth more.

As I said before I have two other businesses that are seasonal (winter) and over the summer when it's normally dead, I've had a HUGE influx of orders from people in Canada and the UK because their money went farther here in the US. Over the last few weeks that died down in a hurry!


Edited by luvsnow - 28/October/2008 at 4:11pm
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Superglide Ken View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Superglide Ken Quote  Post ReplyReply Direct Link To This Post Posted: 29/October/2008 at 12:16am
Well Willy, I have more bad news for you. I expect the Canadian dollar to be down to .62 cents US by this Winter, so it is going to get a whole lot more expensive buying product and produce from the USA in the next little while.

I expect it will turn around when oil tops $100 again by spring next year.
Inventor of the Teflon Wand Glide and the Turboteck Rotary Air Duct Cleaners for TMs.
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cmaster View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote cmaster Quote  Post ReplyReply Direct Link To This Post Posted: 29/October/2008 at 12:43am
Originally posted by Superglide Ken Superglide Ken wrote:

Well Willy, I have more bad news for you. I expect the Canadian dollar to be down to .62 cents US by this Winter, so it is going to get a whole lot more expensive buying product and produce from the USA in the next little while.

I expect it will turn around when oil tops $100 again by spring next year.
 
Better save this one. I guess we should buy USD now and cash out at .62. More great investing advice from KennyWacko

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FriendlyHammer View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote FriendlyHammer Quote  Post ReplyReply Direct Link To This Post Posted: 29/October/2008 at 12:48am
Originally posted by cmaster cmaster wrote:

Originally posted by Superglide Ken Superglide Ken wrote:

Well Willy, I have more bad news for you. I expect the Canadian dollar to be down to .62 cents US by this Winter, so it is going to get a whole lot more expensive buying product and produce from the USA in the next little while.

I expect it will turn around when oil tops $100 again by spring next year.
 
Better save this one. I guess we should buy USD now and cash out at .62. More great investing advice from KennyWacko
 
You sure better save it. He already said that oil would be $100 in November. Now he's saying by spring. I better go save that before he changes it.


Edited by FriendlyHammer - 29/October/2008 at 2:27am
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Superglide Ken View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Superglide Ken Quote  Post ReplyReply Direct Link To This Post Posted: 29/October/2008 at 3:45pm
No contradiction here.

As winter comes(in November here in Canada and the northern states)oil usage goes up. This will cause oil to rise to near $100 by the end of November. It stays up there to about the end of February when oil for heating declines. It falls under $100 from March until the end of April in the low demand part of the year. Towards the end of April to Memorial day the price goes up to over $100 again and keeps on rising to near $150/barrel by July 4th.

Better save this so you know who told it to you first.

To get the exact timing as this plays out and to make money from it, you will need my PAID advice.

Edited by Superglide Ken - 29/October/2008 at 3:51pm
Inventor of the Teflon Wand Glide and the Turboteck Rotary Air Duct Cleaners for TMs.
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John L View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote John L Quote  Post ReplyReply Direct Link To This Post Posted: 29/October/2008 at 3:48pm
Banana%20Dance
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doug View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote doug Quote  Post ReplyReply Direct Link To This Post Posted: 29/October/2008 at 6:57pm
Gloom despare and agony on me
Deep down depression excessive misery
What's next???Guitar
Just My opinion
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Hammy View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Hammy Quote  Post ReplyReply Direct Link To This Post Posted: 29/October/2008 at 7:16pm
Would somebody stick some needles in my eyes!
 
It would be less painful.
Could somebody just clean my carpets!
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cmaster View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote cmaster Quote  Post ReplyReply Direct Link To This Post Posted: 29/October/2008 at 8:06pm
So does this mean you two aren't buying Kenny's advice????LOL

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Superglide Ken View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Superglide Ken Quote  Post ReplyReply Direct Link To This Post Posted: 30/October/2008 at 12:57am
Originally posted by cmaster cmaster wrote:

So does this mean you two aren't buying Kenny's advice????LOL



Gee I hope not. I was counting on lots from this board taking my paid investment service, eh?
Inventor of the Teflon Wand Glide and the Turboteck Rotary Air Duct Cleaners for TMs.
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FriendlyHammer View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote FriendlyHammer Quote  Post ReplyReply Direct Link To This Post Posted: 30/October/2008 at 1:42am
Originally posted by Superglide Ken Superglide Ken wrote:


Gee I hope not. I was counting on lots from this board taking my paid investment service, eh?
 
As usual, you "counted" wrong.  DeadLOL
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John L View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote John L Quote  Post ReplyReply Direct Link To This Post Posted: 30/October/2008 at 8:32am
What credentials as a Investment adviser do you have..? What does your portfolio look like..?
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doug View Drop Down
King of the One Liners
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Post Options Post Options   Thanks (0) Thanks(0)   Quote doug Quote  Post ReplyReply Direct Link To This Post Posted: 30/October/2008 at 12:34pm
it is the Alfred E. Newman book of success????
Just My opinion
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