Delojozafado's wow gold Comments Page 27

While I am bullish long on the Loonie, there are some constant defeats in the short term. We have the CEO of the Royal Bank of Canada (RY) Nixon, recently telling Harper to pound sand. RY does not intend to expand into the global market by buying the assets of any US banks or banks themselves in the south of the border land of the US Pe$o. RY it seems is concerned with operating in a manner consistent with what's in the best interest of their shareholders. We find Bloomberg reporting yesterday (Gregg Quinn) that the BOC governor Carney with the support of Harper, " is likely to say policy makers are ready to buy commercial paper and other corporate debt to spur the economy, and create new money to pay for it" It seems as of late Mr Harper now feeling immune from the political opposition sees a weaker Loonie as a solution. He is encouraging Canada to join the race to the bottom in devaluing currency. Oil is up/down marginally again today and the Loonie seems heading for .814/1.228 sometime next week. It may indeed weaken on weaker gold against the Kiwi and Aussie, but should still strengthen even further against the US Pe$o. It may be somewhat noteworthy to note the action in the (TBT). The TBT seems to like the near $43 handle as support. It keeps rallying back above $45. There is a conundrum in long term treasury rates rising and the US Pe$o falling. While gold is now trying to find support at $900 silver continues to move higher against what some believe are some huge short interest positions. In the end as oil goes so will go the Loonie. The US imports nearly 60% of their oil while continuing down the road to the kind of "Q" easing that could only occur in the modern era where printing presses are no longer necessary to create fiat currencies. A few strokes of the keyboard and a few hundred billion Pe$os out of thin air and few million electrons spinning in the wires. Eventually the dollar will weaken against a virtual basket of commodities bench mark. LNG cargoes being dumped on the North American markets will return to their Asian markets and other places like energy poor/resource rich Chile. best results will most likely be garnered in energy/commodity themes. Some of those are (BIRDF), an O centric infrastructure construction company (trust),(ATPWF) and (GLHIF), carbon and non-carbon utilities, the (ENY) 70%Canroy /30% Oil sands, and (KYE) with ~12% Canroy exposure. (RY) is another good yielder (+/-7%) and one of North America's 10 strongest banks. The move in the currency of Canada higher will provide a corresponding % increase in dividend distributions. Share prices for the most part will appreciate in line as well.

Apr 3 09:43 AMMTP trades at on of the most favorable discount/premium usually a discount. KYE is perhaps a best in class but only as to it's diversification into other asset classes as CanRoy trusts. KYE's commitment and ability to sustain it's dividend with out large cuts is partly reflected in the premium. Not exactly falling off the cliff. Still I recently off loaded some shares at $15.09 last week in the pre ex hysteria move to $15.40 from the previous day's $14.40. I would retake that position with some additional shares if the market continues to create the kind of volatility that took this CEF down to $10.10 a few weeks ago. BSR, MTP, KYE are all excellent trading vehicles in this kind of market. God forbid you make a miss calculation and buy a KYE at $12.50 and it then goes to $11.00. You may have to sit on that dividend awaiting the next upper range resistance level to sell a partial.

Apr 2 08:05 AMNorth American nat gas prices have not been able to get up off the mat. Lower oil prices have curbed the production of bitumen based oil sands production. This mining process of melting the bitumen is quite energy intensive in terms of natl gas consumption. The US had been importing about 15% of it's natl gas consumption from Canada. That has been marginally reduced by a significant increase in gas sourced in the global market being "dumped" on the US market. The US dollar has soared against the basket of world currencies over the last year resulting in many spot LNG cargoes previously going to Asia and North Europe, being landed in the US to advantage the stronger currency. With the economic slow down we have a 3 way assault on Natl Gas that has created the current glut in the North American market. Regardless of it's economic links with the US as Oil goes so will go the Loonie. This link did not stop the Loonie from appreciating to above par to 1.10 at its peak. We should see strong support however at .75/1.33. "Canada is the best managed economy on earth", according to Mark Zandi the Chief economist at Moodys. Two months ago Dennis Gartman declared himself "long of all things Canadian". Jim Rodgers has been buying Canadian Farm land for more than a year now. Canada has not that many banks, but among them are three of the ten strongest banks in North America. Axel Merk as a percentage of currency assets in his hard currency fund has the Loonie at number 2 behind the Euro and ahead of the CHF and YEN This week the PM Mr. Harper suggested some of those banks start making some foreign acquisitions in order to grow their business. This morning Mr Nixion. of Royal Bank of Canada basically suggested Mr Harper was perhaps drinking too much of the IW Harper. Being as circumspect as possible Mr. Nixion's position seems to be, not on your life are we going down there and buy up that crap! (RY) $40 billion market cap, 7.2% yield, actual earnings, and trading in here above the 50 day moving average. For whatever it may be worth there is less than a year until the opening ceremonies for the Vancouver/Whistler-Bla. 2010 Winter Olympics. NBC for some reason forgot to mention that as they tied up their Olympic coverage and made several references to London. Vancouver and Toronto also happen to be home to some of the worlds largest global mining companies. Canada has vast deposits of "met" coal and other industrial commodities. The current glut in Natural gas will eventually create "demand construction". Price and environmental issues will lead to ever more substitution of Nat gas in utility generation. The summer peaking A/C season has already begun with peaking GT generators turning on for ever longer run cycles. That will be quickly followed up with the futures market reacting to the next winter heating season. A weaker US dollar if there is to be one(?) will mean less Global sourced LNG being landed in the North American Market. Global stimulus out of China and the US will be increasing demand for commodities, especially in 2010. The likelihood of oil basing at $40/BBL is an argument that can be supported. We see GS down grading BP against falling production in 2010. When the global economy turns up oil will follow. As oil goes so will go the Loonie. Higher oil will bring the oil sands back into full production. Global growth will benefit any and all energy/commodities centric economies and their currencies. Grains have bottomed near 1/3rd of their recent highs. Canada is rich in the soft commodities as well as the precious metals. Any energy/commodity themes with yield in Canada will eventually reward the US investor with a strong currency lever. We can add to that a Bank like (RY) also with a suitable for currency market risk distribution rate. Other's among the usual suspects are (TRP), (ENY), (KYE), (ATPWF), (GLHIF), the O concentric contractor (BIRDF).

Apr 1 08:31 AMDLR sounds risky albeit their strong alliance to tech which others besides Raymond James seem to feel will be one of the sectors to lead the way out of the Bear market. PSA seems a lot safer if there is such a thing in commercial real estate. The SRS (2x short REITS) bounced up strongly at the end of last week off of the recent dip below $50. With the autos and their suppliers yet to be thrown under the bus as a result of the AIG scandal, more "Q' easing on the way, and the financials yet to be healed it would seem likely we are in for yet another July , of a bewildered Bob Pisani desperately explaining, "we are getting even more over sold in here , folks?". The sell in May and go away theme is all too likely given all the over hangs in the economy. Commercial Real Estate REITs look among the most vulnerable in that scenario as just the next shoe to drop. When has technology ever out performed over the summer months? Tech generally rallies from early Nov through Feb. DLR is an excellent company but the timing for investors to put money to work there now seems not ideal. At least with a PSA people losing their homes have to find a place for a lot of their stuff as they "down size". I have since added another partial in GLHIF to a round 3K position and with today's strong Loonie move I am up over $500 in my position. The effective dividend also rose to 6.95% against my total cost basis on the bird going to .816. ENY which I continued to average down in to below $8 has exploded higher. I have a target for lightening in the mid $11 range. BSR has also rallied and I would love to get some off the table above $25. The ADM-PRA has really kicked butt as well and I am less than a buck away from taking off 20% of the position. At least I am above water now in my AES-PRC. I may have to find a less ambitious target below $38 to unload 50% of that. I am just even in my REP-PRA but I see it swooned in the after hours trading. Ken Fischer the perennial BULL has endorsed the shares of REP as part of his"Madonna" theme. He is also enthusiastic over DOW AA. Madonna is easily the best show for the money on earth. 2 hrs and 20 minutes with a 10 minute break and a couple five minute costume changes. Just Awesome!! The female version of Dorian Grey. Sort of like an affordable Beamer. My Chem Trade shares had a very strong move higher today as well . At this price it is ripe for a take out. Teck Cominico now has a bad case of indigestion from the Fording Coal take out. With the Suncor deal and the Dow/Rohm Hass deal a small cao like ChemTrade would just round out a major. GACHF and HLSRF both had strong moves up today as well on a percentage basis. Wow my CHK-PRD is smokin' , now with Nat gas finding a resistance at $4 and trading up and down on the $4.50 handle. Peaking A/C is nearly upon us. And so in that vein the EDE was smokin' again today, The 9% dividend may now be safe if the shares can top up over $18. Half of the discount due to the share dilution of their recent subsequent share public offering is now nearly erased. The A/C season is going to be a good one for them this year with all of their peaking Nat Gas turbine units going on for long runs. I truly believe that the best watermelons come from Arkansas. That means a lot of A/C while those melons are growin'. My shares in BP are really smokin' too. Too bad I did not jump the bones at the same time of some RDS/B. With the move higher today it's +7% yield is slipping away. Hey even Bruce not the Almighty had a big day with BAM adding on +1%. Great minds work alike. Where is> your blog? Definetely worth checking further. thanks again, will> try to pursue your suggestions, which at first glance seem very solid.> thanks again, Cliff

Mar 23 09:35 PMFidelity has the best one! 5 star rated by Morningstar. Unfortunately it is usually not available except by having an account or buying it at Fidelity. The symbol is (FICDX). Of course if you go there you may as well partake of an equally wow gold kopen excellent fund (FLATX). Better than EWZ as you get plenty of exposure to Mexico, Oil and metals silver etc, Chile with lots of Copper and other resources including fertilizer, and some aggs in Argentina. The Real at least has as good a chance as the Loonie to out last the US PE$O. Of course the trouble these days with mutuals you can't take off the table for 30-180 days nor can you place a trailing stop. As we evolve through this msarket melt more mutuals will convert an ETF or CEF structure to keep their investors on board. With free to $10 trades you can just pick the top ten or 15 holdings and surrogate the fund with owning the stocks. On Mar 05 01:45 PM 2banana wrote:> Any kind of mutual fund/ETF come close to a portfolio like this?

Mar 23 08:46 PMGLHIF announces "a normal course issuer bid" plan to purchase 1 million units on the TSX commencing Thursday, 3/19. Only half the float of ~54 million units will be available to be purchased as the +50% of the units held by ((BAM) subsidiary Brookfield Renewable, will be held off the market until 3/18/10 when the offer/purchase program is scheduled to end. We can expect unit wow gold ideal valuation to benefit and most likely achieve the likely management target of at least $16CD which is what the $75CD Million recent BDF closed at this past Dec. The completion of the elimination of 1 million shares will most likely cost the trust around $16CD Million. It will eliminate $1,2CD million in distributions. The long term prospect will be extra capital for the trust to acquire additional generating capacity. Together with the new recent acquisition of new producing assets that became accretive in Feb, cash flow should be positive enough going forward post the buy back to at some point provide for a modest distribution increase? It would seem that these units would now have a new medium term target price. Based on +$15CD million bidding for 1/2 the float of units, $16.50 CD to $18CD would seem likely. The shares were up over 2% yesterday and by mid afternoon today have moved higher by near 1% today. If the Loonie reclaims .83 to .85 as many market currency strategists expect the effective yield against the cost basis would rise to over 7%. The unit price would also reflect an improvement in valuation as well on a stronger Loonie. Pretty good Whale following (Bruce Flatt) opportunity.

Mar 17 02:05 PMToronto being on the windward side of Lake Ontario is more effected by snow off of Lake Huron, approximately 100 miles to the east. Far enough away to mitigate lake effect snow. This issue is mostly resolved by placing the solar modules on stilts above the average snow accumulation levels. By their nature the generating cells will face towards the south and be at an angle that allows for snow to slide or be blown off by the wind. The action of the sun accelerates not just melting but sublimation as well. There are 4 ft high snow banks on the sides of the roads where I live in NH. There is nothing but mud on the other side of the road where the sun shines all day long. You would think that heat pumps would not be practical in Northern New England but they are popular back ups to fossil fueled boilers. The heat pump with an A/C function can operate effectively 9 months of the year cutting the annual oil bill dramatically. Of course for a fistful of dollars or even a few dollars more you can get a geothermal heat pump system that discharges 150-160' F air flow from the last pass of the condenser all winter long. On Mar 09 10:21 AM fg144331 wrote:> I would think that any solar on roof tops in Toronto might suffer> from SNOW.> > A shame that most of these stocks are on the Pink Sheet,> a poor exchange in my view.

Mar 16 08:18 PMA pretty nice +2.8% move up in GHLIF today, Eh? Over all market down and the Loonie only advancing half a penny. Since Archipelago merged with the Nasdaq or was it the NYSE, the pink sheet listings are just a convenient way for US traders to now access companies listed on Foreign exchanges that do not have US ADRs. VWDRY is the world's oldest and most prominent wind turbine manufacturer. Of course trying to do an online $8 trade on the Copenhagen stock exchange may be difficult. You might get your broker to do the trade on the phone for $35, but they are probably not going to make it a comfortable easy trading experience. There is actually no liquidity issue at all owning these stocks as there is more than adequate volume for fair price discovery. US companies that are pink listed are of course a different story.
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