CPM: Money-market (Day 684)
Day 684, 19:26
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Published in Canada 
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by
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by Addy Lawrence
Day 684
Remember to vote for PM tomorrow, start a new era with Cham. Cham for PM!!!
Sorry I missed yesterday guys, I volunteer in RL and there was a bit of a time-bomb in minor hockey this weekend.
Charts will resume tomorrow, they don't work over a two day span.
International Market
The pool of CA$ offers on the market continues to rebound moving all the way up to $30,766.59, a record high, which is up $11,167.06 or 57.0% from Day 682's $19,599.53.
On average, these offers are seeking 0.0314 gold per CA$1.00 which is down 0.0010 from two days ago. The the eCanadian government approved an issue of CA$40,000 today, this should put additional 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 684 = CA$40,000.00, trading @ 0.0314
Day 682 = CA$04,000.00, trading @ 0.0324
Day 671 = CA$40,000.00, trading @ 0.0291
Day 663 = CA$30,000.00, trading @ 0.0302
I'm currently recommending to hold move to gold as the CA$ is falling the government issue will building momentum.
Local Market
The offers of gold totaled 119.75, posting a record drop of 287.59 or 70.6% from Day 682's 407.34 gold. The CA$ sought in return for offers of gold averaged $34.783, up by $0.089 or 0.3%, from Day 682's $34.783.
The glut of gold offers has been digested by the International market and gold is looking to get more expensive to holders of CA$ over the next few days.
The cheapest offer for 1 gold was CA$33.969.
Arbitrage
Arbitrage represents the opportunity to make money via trading currencies. The opportunity exists if you can find another currency which trades with CA$ 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 0.0287 gold per CA$, calculated as 1G/CA$34.783; this is nearl the all-time high. The international rate is 0.0314. The arbitrage, or spread between the two, is 0.0026. This is still a relatively large spread and bodes for higher volumes of trading activity. Activity has definitely cooled since two days ago however it is still active.
Who's your Daddy? Addy's your daddy!!!
Remember to vote for PM tomorrow, start a new era with Cham. Cham for PM!!!
Sorry I missed yesterday guys, I volunteer in RL and there was a bit of a time-bomb in minor hockey this weekend.
Charts will resume tomorrow, they don't work over a two day span.
International Market
The pool of CA$ offers on the market continues to rebound moving all the way up to $30,766.59, a record high, which is up $11,167.06 or 57.0% from Day 682's $19,599.53.
On average, these offers are seeking 0.0314 gold per CA$1.00 which is down 0.0010 from two days ago. The the eCanadian government approved an issue of CA$40,000 today, this should put additional 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 684 = CA$40,000.00, trading @ 0.0314
Day 682 = CA$04,000.00, trading @ 0.0324
Day 671 = CA$40,000.00, trading @ 0.0291
Day 663 = CA$30,000.00, trading @ 0.0302
I'm currently recommending to hold move to gold as the CA$ is falling the government issue will building momentum.
Local Market
The offers of gold totaled 119.75, posting a record drop of 287.59 or 70.6% from Day 682's 407.34 gold. The CA$ sought in return for offers of gold averaged $34.783, up by $0.089 or 0.3%, from Day 682's $34.783.
The glut of gold offers has been digested by the International market and gold is looking to get more expensive to holders of CA$ over the next few days.
The cheapest offer for 1 gold was CA$33.969.
Arbitrage
Arbitrage represents the opportunity to make money via trading currencies. The opportunity exists if you can find another currency which trades with CA$ 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 0.0287 gold per CA$, calculated as 1G/CA$34.783; this is nearl the all-time high. The international rate is 0.0314. The arbitrage, or spread between the two, is 0.0026. This is still a relatively large spread and bodes for higher volumes of trading activity. Activity has definitely cooled since two days ago however it is still active.
Who's your Daddy? Addy's your daddy!!!
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Comments
I love when the CAD rose ... i was hording 1k CAD lol xD
Wow, this is awesome! The economy paper. Subscribed and voted.