Jim Letourneau's Blog

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Canada Ready to Rock...Someday Soon

This from "The Smartest Man We Know" via an article by Derek DeCloet

The currency is ridiculously undervalued. I can't think of any country in the world that has no fiscal deficit, no trade deficit and no inflation – except Canada. I think the Canadian dollar should go through parity.

He also calls gold and uranium Ridiculously undervalued.

It is tough to win an argument with a really smart person. Their logic is often impenetrable. Don't forget that markets aren't always rational and even the rational bulls are not committing all of their remaining capital at one time. In other words I agree with the article but have no idea about WHEN a Canadian turnaround will happen.