Scorpio Gold Corp. (SRCRF)

[Belgie24]

As most probably know, you have to adjust for the difference between the US dollar and the Canadian dollar when buying or selling SRCRF vs SGN.V which trades on the Toronto Venture exchange.

In building my SRCRF position it has been quite interesting to watch the relationship between the 2 dollars over the last couple months. Just a couple weeks ago the Canadian dollar traded at a 6% premium to the US dollar. Then when all this volatility hit the markets, the premium just evaporated all the way down to .5% a day or so ago. It is about 1.5% right now. So it is a good time to build a position, IMO, because you can get the SRCRF for very little more than SGN.V sells for. I think the premium will go back up again during the seasonally strong period for miners, Sept to January.

Here's a site I use to compare the curriencies:

http://www.xe.com/ucc/convert/?Amount=1.00&From=CAD&To=USD