Anyone Hedging Dollars?

[iceman]

Thomas are you saying to buy puts now? Like on Sunday night?
Nothing against buying puts but it seems like that goose left the plane along time ago

Iceman out

[TOM4CWB]

Iceman,

It was crystal clear when the US Fed was raising interest rates... what was up[US$]. Buying CDN$Puts at that point was a no brainer.

If the BOC is lowering interest rates[on top]... and the US Fed continues to raise US rates... PLUS Iran has the 150B$ given to them by the US[which is a foregone conclusion now] Iran will be pumping 400,000-600,000B more oil; we are headed much lower than the .69$CDN now. It sure looks like the perfect storm...

[cottonpicken]

I'd use an etf. It would be a taxable loss trade if things went south plus it's easy peasy and leveraged if you want