Dollar = New Highs today.. well, since last October anyhow..

Are we heading back to better than par for the Canadian dollar?? Personally.. ya.. think so.. and I think it’s going to be there for awhile..

Here’s the latest chart chart from yesterday I have with the latest price and you can see that 1 Canadian Dollar will buy you 0.946 of a USD right now. That’s pretty good.. but I think it’s only starting.. (As of this morning October 9th.. it’s at $0.955)

One of my favorite bloggers Tim Knight at www.slopeofhope.com also thinks that we are in for one good push up, then the equities are going to reverse quite hard (stocks/funds, etc). You can see where he’s calling for this type of movement here and here.

I’m with him.. very cautiously waiting.. I’ve been playing oil like a madman lately.. and I’m thinking it’s due for a reversal back to the 50′s level again.. we’ll see what happens. *Update - I wrote this blog article 2 days ago.. and yesterday was a pretty big push upwards again.. one has to wonder when it’s going to correct a bit.. everyone is calling for it.. perhaps that means is may not happen? Yeah, I don’t think so either.