CPM: Money-market (Day 681)
Day 681, 16:46
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Published in Canada 
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by
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by Addy Lawrence
Day 681
International Market
The pool of CA$ offers on the market rebounded today, climbing to $3,690.20, a 27.5% increase of $795.62 from yesterday's $2,894.58. This ends a five day run of drops.
On average, these offers are seeking 0.0299 gold per CA$1.00 which up .0006 from yesterday. Coincidentally, the eCanadian government proposed an issue of CA$4,000 today, this should put downward pressure on the value of the CA$1.00.
Previous eCanadian government approvals of money issues are as follows:
Day 671 = CA$40,000.00, trading @ .0291
Day 663 = CA$30,000.00, trading @ .0302
I'm currrently recommending to hold CA$ or move from gold to CA$. I do not believe that the proposed money issue of $CA4,000 is enough to dilute the value of the CA$.
Local Market
The offers of gold totaled 197.81, up slightly by 2.85 or 1.5%, over yesterday's 194.96 gold. The CA$ sought in return for offers of gold averaged $35.548, down slightly by $0.096 or 0.3%, from yesterday's $35.644.
The supply of gold offers has been consistently between 150 and 200 for a week now.
The cheapest offer for 1 gold was CA$35.369.
Arbitrage
Arbitrage represents the opportunity to make money via trading currencies. The opportunity exists if you can find another currency which trades with CA$ or gold, depending on what you are holding, between these two sums. The trick is to find it. If I find one, I'll publish it however they are tough to find and don't last long.
The implied rate on the local market is 0.0281 gold per CA$, calculated as 1G/CA$35.548. The international rate is 0.0299. The arbitrage, or spread between the two, is 0.0018. This is a relatively large spread and bodes for higher volumes of trading activity as it is easier to find that third instrument to take advantage of that spread.
Who's your daddy? Addy's your daddy!!!
International Market
The pool of CA$ offers on the market rebounded today, climbing to $3,690.20, a 27.5% increase of $795.62 from yesterday's $2,894.58. This ends a five day run of drops.
On average, these offers are seeking 0.0299 gold per CA$1.00 which up .0006 from yesterday. Coincidentally, the eCanadian government proposed an issue of CA$4,000 today, this should put downward pressure on the value of the CA$1.00.
Previous eCanadian government approvals of money issues are as follows:
Day 671 = CA$40,000.00, trading @ .0291
Day 663 = CA$30,000.00, trading @ .0302
I'm currrently recommending to hold CA$ or move from gold to CA$. I do not believe that the proposed money issue of $CA4,000 is enough to dilute the value of the CA$.
Local Market
The offers of gold totaled 197.81, up slightly by 2.85 or 1.5%, over yesterday's 194.96 gold. The CA$ sought in return for offers of gold averaged $35.548, down slightly by $0.096 or 0.3%, from yesterday's $35.644.
The supply of gold offers has been consistently between 150 and 200 for a week now.
The cheapest offer for 1 gold was CA$35.369.
Arbitrage
Arbitrage represents the opportunity to make money via trading currencies. The opportunity exists if you can find another currency which trades with CA$ or gold, depending on what you are holding, between these two sums. The trick is to find it. If I find one, I'll publish it however they are tough to find and don't last long.
The implied rate on the local market is 0.0281 gold per CA$, calculated as 1G/CA$35.548. The international rate is 0.0299. The arbitrage, or spread between the two, is 0.0018. This is a relatively large spread and bodes for higher volumes of trading activity as it is easier to find that third instrument to take advantage of that spread.
Who's your daddy? Addy's your daddy!!!
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Comments
😛 lots of money made from the MM yesterday \o/
Nice analysis