David Rosenberg is a class act. I still consider the best currency position to be 50%Swiss Franc and 50% Canadian dollar. Rosenberg gives you the basis for the Canadian.
Jim
Source: jsmineset.com
Jim,
Rosenberg is reading the message of the market.
(1) Follow the money
(2) Follow trend energy
Surges in both tend to lead price.
REV(E) illustrates quiet accumulation in 2011.
Canadian Dollar (FXC)
REV(E) illustrated quiet accumulation in 2009 and breakout in 2010.
Australian Dollar (FXA)
REV(E) illustrates a negative divergence in 2011 that has yet to be corrected.
Swiss Franc (FXF)
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