user warning: Table './stockvalues/cms_cache_form' is marked as crashed and should be repaired query: UPDATE cms_cache_form SET data = 'a:21:{s:6:\"choice\";a:3:{s:5:\"#type\";s:6:\"radios\";s:14:\"#default_value\";i:-1;s:8:\"#options\";a:4:{i:0;s:7:\"Bullish\";i:1;s:7:\"Bearish\";i:2;s:7:\"Neutral\";i:3;s:26:\"I don't play the game\";}}s:4:\"vote\";a:3:{s:5:\"#type\";s:6:\"submit\";s:6:\"#value\";s:4:\"Vote\";s:7:\"#submit\";a:1:{i:0;s:9:\"poll_vote\";}}s:5:\"#node\";O:8:\"stdClass\":39:{s:3:\"nid\";s:4:\"1886\";s:4:\"type\";s:4:\"poll\";s:8:\"language\";s:0:\"\";s:3:\"uid\";s:1:\"7\";s:6:\"status\";s:1:\"1\";s:7:\"created\";s:10:\"1251845680\";s:7:\"changed\";s:10:\"1251845925\";s:7:\"comment\";s:1:\"2\";s:7:\"promote\";s:1:\"1\";s:8:\"moderate\";s:1:\"0\";s:6:\"sticky\";s:1:\"0\";s:4:\"tnid\";s:1:\"0\";s:9:\"translate\";s:1:\"0\";s:3:\"vid\";s:4:\"4961\";s:12:\"revision_uid\";s:1:\"7\";s:5:\"title\";s:73:\"Are you currently bullish or bearish on the economy and the stock market?\";s:4:\"body\";s:0:\"\";s:6:\"teaser\";s:58:\"* Bullish\\n* Bearish\\n* Neutral\\n* I don\'t play the game\\n\";s:3:\"log\";s:0:\"\";s:18:\"revision_timestamp\";s:10:\"1251845925\";s:6:\"format\";s:1:\"0\";s:4:\"name\";s:11:\"Jake Berzon\";s:7:\"picture\";s:46:\"/home/stockvalues/stuff/pictures/picture-7.jpg\";s:4:\"data\";s:550:\"a:15:{s:7:\"contact\";i:1;s:3:\"DOB\";a:3:{s:4:\"year\";s:4:\"1965\";s:5:\"month\";s:1:\"9\";s:3:\"day\";s:2:\"25\";}s:6:\"sn_248\";i:1;s:8:\"sn_email\";s:16:\"jake@baraban.com\";s:9:\"sn_update\";s:6:\"Update\";s:14:\"picture_delete\";i:0;s:14:\"picture_upload\";s:0:\"\";s:13:\"form_build_id\";s:48:\"form-AwrEyk90gRPyqsDBwC2PS322yr_mvINhTCrUFPrO-5w\";s:5:\"fbuid\";s:9:\"581973933\";s:10:\"fb_visible\";i:1;s:9:\"fb_avatar\";i:0;s:13:\"fbstream_user\";s:1:\"5\";s:34:\"user_relationship_mailer_send_mail\";i:1;s:34:\"user_relationships_ui_auto_approve\";a:1:{i:1;i:0;}s:18:\"admin_compact_mode\";b:0;}\";s:7:\"runtime\";s:1:\"0\";s:6:\"active\";s:1:\"1\";s:6:\"choice\";a:4:{i:0;a:3:{s:6:\"chtext\";s:7:\"Bullish\";s:7:\"chvotes\";s:2:\"57\";s:7:\"chorder\";s:1:\"0\";}i:1;a:3:{s:6:\"chtext\";s:7:\"Bearish\";s:7:\"chvotes\";s:2:\"53\";s:7:\"chorder\";s:1:\"1\";}i:2;a:3:{s:6:\"chtext\";s:7:\"Neutral\";s:7:\"chvotes\";s:2:\"32\";s:7:\"chorder\";s:1:\"2\";}i:3;a:3:{s:6:\"chtext\";s:21:\"I don\'t play the game\";s:7:\"chvotes\";s:2:\"39\";s:7:\"chorder\";s:1:\"3\";}}s:10:\"allowvotes\";b:1;s:4:\"vote\";i:-1;s:4:\"path\";s:14:\"bull-bear-poll\";s:29:\"user_relationship_node_access\";b:0;s:22:\"last_comment_timestamp\";s:10:\"1349639940\";s:17:\"last_comment_name\";s:0:\"\";s:13:\"comment_count\";s:1:\"1\";s:8:\"taxonomy\";a:0:{}s:4:\"iids\";a:0:{}s:9:\"nodewords\";a:2:{s:11:\"description\";a:1:{s:5:\"value\";s:160:\"As autumn approaches the mood on Wall Street often shifts. This poll asks the bull vs. bear question in order to see if Main Street is in tune with Wall Street.\";}s:8:\"keywords\";a:1:{s:5:\"value\";s:40:\"Wall Stree, Main Stree, bull, bear, poll\";}}s:8:\"readmore\";b:0;s:5:\"links\";a:3:{s:16:\"comment_comments\";a:4:{s:5:\"title\";s:9:\"1 comment\";s:4:\"href\";s:9:\"node/1886\";s:10:\"attributes\";a:1:{s:5:\"title\";s:42:\"Jump to the first comment of this posting.\";}s:8:\"fragment\";s:8:\"comments\";}i:0;a:3:{s:5:\"title\";s:11:\"Older polls\";s:4:\"href\";s:4:\"poll\";s:10:\"attributes\";a:1:{s:5:\"title\";s:36:\"View the list of polls on this site.\";}}i:1;a:3:{s:5:\"title\";s:7:\"Results\";s:4:\"href\";s:17:\"node/1886/results\";s:10:\"attributes\";a:1:{s:5:\"title\";s:30:\"View the current poll results.\";}}}}s:6:\"#block\";b:1;s:6:\"#cache\";b:1;s:6:\"#theme\";s:9:\"poll_vote\";s:11:\"#parameters\";a:4:{i:0;s:16:\"poll_view_voting\";i:1;a:3:{s:7:\"storage\";N;s:9:\"submitted\";b:0;s:4:\"post\";a:0:{}}i:2;r:15;i:3;b:1;}s:9:\"#build_id\";s:48:\"form-lOWgfDXNlOIBeA4u1wpjCk9gaEqRFIg6jTAjPqIOpqY\";s:5:\"#type\";s:4:\"form\";s:11:\"#programmed\";b:0;s:13:\"form_build_id\";a:4:{s:5:\"#type\";s:6:\"hidden\";s:6:\"#value\";s:48:\"form-lOWgfDXNlOIBeA4u1wpjCk9gaEqRFIg6jTAjPqIOpqY\";s:3:\"#id\";s:48:\"form-lOWgfDXNlOIBeA4u1wpjCk9gaEqRFIg6jTAjPqIOpqY\";s:5:\"#name\";s:13:\"form_build_id\";}s:7:\"form_id\";a:3:{s:5:\"#type\";s:6:\"hidden\";s:6:\"#value\";s:16:\"poll_view_voting\";s:3:\"#id\";s:21:\"edit-poll-view-voting\";}s:3:\"#id\";s:16:\"poll-view-voting\";s:12:\"#description\";N;s:11:\"#attributes\";a:0:{}s:9:\"#required\";b:0;s:5:\"#tree\";b:0;s:8:\"#parents\";a:0:{}s:7:\"#method\";s:4:\"post\";s:7:\"#action\";s:33:\"/canadian-geese-ducks-and-loonies\";s:9:\"#validate\";a:1:{i:0;s:25:\"poll_view_voting_validate\";}}', created = 1511383173, expire = 1511404773, headers = '', serialized = 1 WHERE cid = 'form_form-lOWgfDXNlOIBeA4u1wpjCk9gaEqRFIg6jTAjPqIOpqY' in /home/stockvalues/public_html/includes/cache.inc on line 112.

FXC is a CurrencyShares Canadian Dollar Trust. Simply said, it is a convenient vehicle for those of us in the US for holding funds and collecting interest on them in Canadian Dollars (Loonies). It is far more convenient and less expensive (for reasonably small amounts) than the alternative of converting the funds, depositing them at a Canadian bank and than withdrawing and converting them back. Today was an interesting day in the markets, as many commodities and related companies' stocks took a bigger tumble than the market as a whole. Canada, is a resource rich country with many of the commodity developing companies calling it home. Sell off in this segment was in big part responsible for a lowering of demand in Canadian Dollars, which pushed the Loonies exchange rate back below US Dollar parity. I saw this move as temporary and used the opportunity to diversify away from the falling (perhaps failing) US Dollar. I picked up FXC at $98.98 / unit.

I closed my FXC (CurrencyShares Canadian Dollar Trust) position on Monday, April 6, 2010 at $99.31, just a little over 2 years after getting into it, earning a minuscule return in the process. Yet, I consider it a successful trade - it worked for me exactly as it should have. I earned a higher interest rate than on a $US denominated money market account, while also hedging against declining value of $US.

With better visibility ahead and unwarranted high inflationary expectations commonplace (more on these later), FXC was no longer serving its purpose in my portfolio and I sold. A starting bubble in commodities may yet push Canadian and Australian $s even higher, but I have never been able to time the top of a bubble and I am not about to try it this time, either. On the other hand, a double whammy of poor basic materials demand and declining stock markets later this year is likely to bring Loonies back down to their year ago lows.

I've been watching FXC since you recommended it and it seems to be coming back. Looks like it was up about 2% last month. Seems like these currency funds are a great way to get exposure to the foreign markets. I was doing some research on Google and found some interesting info. You can use these to profit from the exchange rate of the dollar vs the Euro, British pound, Japanese yen or pretty much any other major currency. I read that the Canadian dollar is the 7th most traded currency in the world. I've been looking at Currency Shares where you can get exposure to most of the big currencies. Also Google has good tools too follow these funds. What else do you recommend?

I do not recommend or give financial advise. I only comment on the markets and the moves I make. I have been generally negative on equities (especially US and European equities and especially financials) for close to a year now and have been a net seller of equities at opportune moments over the past 6+ months. Wish iShares had a Russian Ruble, Chinese Yuan, Israeli Shekel, Ukrainian Grivna, Indian Rupee and Saudi Riyal funds. These are not easy currencies to trade, but these are all interesting.

Thank you for responding. Yes, I agree its very interesting. I found some cool videos online that teach and explain how to trade currencies. Some of these are way too complicated for me - a beginner, but there are videos that teach about buying and selling and types of exchanges and other things. You should check it out. My friend told me about Forexclub which also has good info and videos. I also found Babypips which is probably my favorite, as they make it real easy to understand the basics.

Forex currency trading is not for me. There are too many factors that play into short term ups and downs and currency contracts are definitely short term.

Post new comment

The content of this field is kept private and will not be shown publicly.
  • Allowed HTML tags: <a> <em> <strong> <cite> <code> <ul> <ol> <li> <dl> <dt> <dd> <img> <p> <br> <tr> <td> <table>
  • Lines and paragraphs break automatically.

More information about formatting options

CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.
Image CAPTCHA
Enter the characters shown in the image.

User login

Poll

Are you currently bullish or bearish on the economy and the stock market?:

Email Center

Username:

@StockValues.Org

Password:


New Users
Lost Password
I Need Help





Who's online

There are currently 0 users and 14 guests online.