The dollar and the Euro

Big news tonight; the charts say that the Euro is going down to $121(currently $126) and the Canadian$ down to 75 cents.

During '02,'03 and '04 the Euro went from 84 cents to an astonishing $1.38 (that's 64%.) The Europeans fell in love with their Euro. But the sad facts are that EU is hardly growing at all and even in France and Germany the unemployment rate is in the 10% to 12% range.

Also, if the Canadian $ goes to 75 cents we sell our $48 U.S. oil at Can. 64 dollars. The new Queen Elizabeth Highway will not only be paved with some black gold but even some of the gold gold could be used.