CPM: Money-market (Day 682) - From Russia, With Love
Day 682, 19:00
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Published in Canada 
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by
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by Addy Lawrence
Day 682
I write from Kaliningrad where I am fighting a resistance war with Bruck's Canucks, it feels good to battle again and to fight for the liberation of territory, I know how it feels.
International Market
The pool of CA$ offers on the market made a major rebound today, up to $19,599.53, recording the largest climb noted to date, $15,909.33 or 431.1%, from yesterday's $3,690.20. GET IN ON THE ACTION!!!
On average, these offers are seeking 0.0324 gold per CA$1.00, a record high for this study, which is up .0025 from yesterday. Coincidentally, the eCanadian government approved an issue of CA$4,000 today, this should put downward pressure on the value of the CA$1.00.
The eCanadian government approvals made during the life of this study are as follows:
Day 682 = CA$04,000.00, trading @ 0.0324
Day 671 = CA$40,000.00, trading @ 0.0291
Day 663 = CA$30,000.00, trading @ 0.0302
I'm currently recommending to hold CA$ 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 a record 407.34, up by 209.53 or 105.9% over yesterday's 197.81 gold. The CA$ sought in return for offers of gold averaged $34.694, down by $0.854 or 2.4%, from yesterday's $35.548.
The supply of gold offers busted loose after a week below 200 but never before has a figure in the 300's been noted, let alone 400. As noted below, arbitrage is high so trading will be brisk over the next 24 hours.
The cheapest offer for 1 gold was CA$34.409.
Arbitrage
Arbitrage represents the opportunity to make money via trading currencies. The opportunity exists if you can find another currency which trades with CA$ 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 0.0288 gold per CA$, calculated as 1G/CA$34.694; this is an all-time high. The international rate is 0.0324. The arbitrage, or spread between the two, is 0.0035, also an all-time high. This is a relatively large spread and bodes for higher volumes of trading activity. If you go to the money-market and refresh every once and a while, you can actually see movement, it's as close to a stock ticker as I've seen during my stay here in eRepublik.
Call your broker and get in on the action!!!
Who's your daddy? Addy's your daddy!!!
I write from Kaliningrad where I am fighting a resistance war with Bruck's Canucks, it feels good to battle again and to fight for the liberation of territory, I know how it feels.
International Market
The pool of CA$ offers on the market made a major rebound today, up to $19,599.53, recording the largest climb noted to date, $15,909.33 or 431.1%, from yesterday's $3,690.20. GET IN ON THE ACTION!!!
On average, these offers are seeking 0.0324 gold per CA$1.00, a record high for this study, which is up .0025 from yesterday. Coincidentally, the eCanadian government approved an issue of CA$4,000 today, this should put downward pressure on the value of the CA$1.00.
The eCanadian government approvals made during the life of this study are as follows:
Day 682 = CA$04,000.00, trading @ 0.0324
Day 671 = CA$40,000.00, trading @ 0.0291
Day 663 = CA$30,000.00, trading @ 0.0302
I'm currently recommending to hold CA$ 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 a record 407.34, up by 209.53 or 105.9% over yesterday's 197.81 gold. The CA$ sought in return for offers of gold averaged $34.694, down by $0.854 or 2.4%, from yesterday's $35.548.
The supply of gold offers busted loose after a week below 200 but never before has a figure in the 300's been noted, let alone 400. As noted below, arbitrage is high so trading will be brisk over the next 24 hours.
The cheapest offer for 1 gold was CA$34.409.
Arbitrage
Arbitrage represents the opportunity to make money via trading currencies. The opportunity exists if you can find another currency which trades with CA$ 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 0.0288 gold per CA$, calculated as 1G/CA$34.694; this is an all-time high. The international rate is 0.0324. The arbitrage, or spread between the two, is 0.0035, also an all-time high. This is a relatively large spread and bodes for higher volumes of trading activity. If you go to the money-market and refresh every once and a while, you can actually see movement, it's as close to a stock ticker as I've seen during my stay here in eRepublik.
Call your broker and get in on the action!!!
Who's your daddy? Addy's your daddy!!!
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Comments
Who's my mommy, anyways?
Your mommy is Tawny Taw-Taws, she's a street-walkin' cougar from the Big Smoke, a beautiful blonde with big guns and a rear-end that tastes like french vanilla ice-cream. She's in the Fifth Legion Northern Knights of Brucks Canucks and tends bar at Canuck Tavern.
she's also one of my best whores
Brilliant.
But why did she leave me on the doorstep of that orphanage? 🙂
Temujin, the path to becoming Khan must be a rigorous one, we figured this would be a formative experience in your path to Canada's warlord.