Rising gold, China stimulus and risk appetite are moving Canada into Rally from recent low. Record low yield on Treasuries are pushing money into chasing performance again. Recent announcement about China stockpiling commodities on Friday coincide with 5.9% in index and move above 50 MA.Saturday, November 29, 2008
Canada stocks - money are coming back into commodities. GDX, FXI, EWZ
Rising gold, China stimulus and risk appetite are moving Canada into Rally from recent low. Record low yield on Treasuries are pushing money into chasing performance again. Recent announcement about China stockpiling commodities on Friday coincide with 5.9% in index and move above 50 MA.
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