Currency Options University – Part 4
November 22, 2019
Concepts

Currency Options University – Part 4

Directional Trading with USX Currency Options Our focus in Part 4 of the series is to demonstrate how USX currency options can be used for directional trading through the direct purchase of a call or put option. Options offer investors a way to buy a long position with a defined risk (limited to the cost of the option), while...

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2 weeks ago
Currency Options University – Part 3
September 03, 2019
Concepts

Currency Options University – Part 3

Part 3: Specifications of USX Options To summarize, in Part 1 we reviewed the macro drivers that influence a currency’s value, and in Part 2 we focused on the impact of those changes in the currency’s value on investors. The focus in Part 3 will be on understanding the specifications of Canadian USX options and how to size...

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3 months ago
Currency Options University – Part 2
August 04, 2019
Other

Currency Options University – Part 2

Part 2: Impact of U.S. Dollar Fluctuation on Canadian Returns I had the opportunity, early in my career, to work at a full-service brokerage at a Tier 1 Canadian bank. I remember back in the day overhearing an investment advisor having an argument with a client about the client’s performance. The client was questioning the...

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4 months ago
Currency Options University – Part 1
June 20, 2019
Concepts

Currency Options University – Part 1

Part 1: Welcome to the world of currencies It is very common for Canadian investors to invest in American stocks. Yet, it is surprising how few retail investors understand the impact currency fluctuations have on their returns. More often than not, investors look at the price fluctuation of an asset price assuming a constant...

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6 months ago
Renting the Upside of the Canadian Markets
April 12, 2019
Bullish Outlook

Renting the Upside of the Canadian Markets

The uncertainty for Canadian investors has everything to do with the confusing crosscurrents of a rising stock market but simultaneously a weakening Canadian economy. The outlook for the weakening economy comes right from the top, where the Bank of Canada came out with its rate statement on March 6. The BoC took a dovish...

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8 months ago
Perspective on the Volatility on Cannabis Stocks
October 01, 2018
Volatility

Perspective on the Volatility on Cannabis Stocks

Speculation is enthusiastically running wild in the Canadian cannabis industry over the last 2 years.  This has led to extraordinary volatility and gains for investors who seek a stake in the industry.  For this article I will refrain from offering my opinions to the merits of this investment and rather focus on sizing up the...

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1 year ago
Resource Investing with Long-term Options
August 01, 2018
Protection

Resource Investing with Long-term Options

Old Truism: “A bear market is the author of a bull market and a bull market is the author of a bear market”.    During our interview on MacroVoices with resource investing legend Rick Rule, Rick made a core observation that natural resource investing is different than most mainstream forms of investing. To paraphrase,...

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1 year ago
Timing the Bottom on BCE
June 12, 2018
Bullish Outlook

Timing the Bottom on BCE

There is no shortage of analysts offering alternating fundamental outlooks for BCE (TSX:BCE).  Some concerned with the business model and declining growth rates, others proclaiming the BCE dividend stream to be more sound than owning bonds.  Personally, as a trader I look for the tactical play where I can profit from key...

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1 year ago
Is Gold Breaking Out of its 4-Year Consolidation?
April 24, 2018
Volatility

Is Gold Breaking Out of its 4-Year Consolidation?

Over the last few years I have not been shy about my conviction that the gold bear market has ended.  There is no denying that the December 2015 lows for gold bullion at $1050.00 are now history, but the enthusiasm for the shiny metal has been left for the diehards as most of the speculative money has turned its attention to...

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2 years ago
Real Estate, Canadian Banks and Downside Risks
March 28, 2018
Risk Management

Real Estate, Canadian Banks and Downside Risks

I want to take a dive into the most passionately debated issue of a correction in Canadian real estate and the impact on Canadian banks.  The general consensus is that over the long-term home prices will continue to rise and the risks directly to the banks are limited as mortgage default risk predominantly sit with the...

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2 years ago