CPM: Money-market (Day 687)
Day 687, 17:16
•
Published in Canada 
•
by
•
by Addy Lawrence
Day 687
For some reason, the image, underline and italic buttons are missing so no charts today.
Post script: The URL has changed to eRep and if you are an ePLUS user, read this article.
Also, FYI, I have created an Organization called "Chemmy Boy Association" and they have started a company "CBA: Grain". I ask for your support if you are so inclined, I need employees and customers. Your service and patronage is much appreciated.
Look for the CBA to vertically integrate into the food business very soon.
I am concerned about how the impact of economic mods will affect this business, time will tell and I'll report on it as I find things out.
International Market
The pool of CA$ offers on the market is dropping. The pool fell to $24,447.79 today, down $11,700.70 or 32.4% from yesterday's $36,148.49.
On average, these offers are seeking 0.0311 gold per CA$1.00 which is down slightly from yesterday's 0.0311. The eCanadian government approved an issue of CA$40,000 three days ago on Day 684, 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$30,000.00, trading @ 0.0302
I'm currently recommending to move to gold as the CA$ has been falling the last three days, albeit holding today, and the government issue will build momentum.
Local Market
The offers of gold totaled 118.50, increasing 2.55 or 2.2% from yesterday's 115.95 gold. The CA$ sought in return for offers of gold averaged $34.326, down by $0.489 or 1.4% from yesterday's $34.815.
The holders of gold are moving their expectations toward the holders of CA$ and reducing the amount of CA$ they expect in return for gold. This triggered volume and drew down the offers of CA$.
The cheapest offer for 1 gold was CA$33.977.
Arbitrage
Arbitrage represents the opportunity to make money via trading currencies. The opportunity exists if you can find another currency which trades with CA$ 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 0.0291 gold per CA$, calculated as 1G/CA$34.326; this is an all-time high for this study. The international rate is 0.0311. The arbitrage, or spread between the two, is 0.0019 and continues its trend over the past week of closing. This is still an average spread and tipping toward tight and spells a reduction of trading activity over the coming days.
Who's your Daddy? Addy's your daddy!!!
For some reason, the image, underline and italic buttons are missing so no charts today.
Post script: The URL has changed to eRep and if you are an ePLUS user, read this article.
Also, FYI, I have created an Organization called "Chemmy Boy Association" and they have started a company "CBA: Grain". I ask for your support if you are so inclined, I need employees and customers. Your service and patronage is much appreciated.
Look for the CBA to vertically integrate into the food business very soon.
I am concerned about how the impact of economic mods will affect this business, time will tell and I'll report on it as I find things out.
International Market
The pool of CA$ offers on the market is dropping. The pool fell to $24,447.79 today, down $11,700.70 or 32.4% from yesterday's $36,148.49.
On average, these offers are seeking 0.0311 gold per CA$1.00 which is down slightly from yesterday's 0.0311. The eCanadian government approved an issue of CA$40,000 three days ago on Day 684, 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$30,000.00, trading @ 0.0302
I'm currently recommending to move to gold as the CA$ has been falling the last three days, albeit holding today, and the government issue will build momentum.
Local Market
The offers of gold totaled 118.50, increasing 2.55 or 2.2% from yesterday's 115.95 gold. The CA$ sought in return for offers of gold averaged $34.326, down by $0.489 or 1.4% from yesterday's $34.815.
The holders of gold are moving their expectations toward the holders of CA$ and reducing the amount of CA$ they expect in return for gold. This triggered volume and drew down the offers of CA$.
The cheapest offer for 1 gold was CA$33.977.
Arbitrage
Arbitrage represents the opportunity to make money via trading currencies. The opportunity exists if you can find another currency which trades with CA$ 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 0.0291 gold per CA$, calculated as 1G/CA$34.326; this is an all-time high for this study. The international rate is 0.0311. The arbitrage, or spread between the two, is 0.0019 and continues its trend over the past week of closing. This is still an average spread and tipping toward tight and spells a reduction of trading activity over the coming days.
Who's your Daddy? Addy's your daddy!!!
Facebook
Twitter
Discord
Comments
Those are from erep+, you can do the same thing using [img]urlgoeshere[/img], underlined text, and italicized text
The one thing that I think you ought to realize is that there is constantly gold being "mined" in Canada, which accounts for the reason that CAD has increased over the past 20 days despite the 110000 CAD printed.
It would be interesting if you could come up with a formula to figure out how much gold was created in any given day.
Yeah, the Gold stats would be awesome. Between rewards and gold purchases there must be a pile created each day.
It is possible to determine from the API feeds, but I'm still trying to figure out how. This guy here has done it for Romania:
http://www2.erepublik.com/en/article/-info-milestones-687--973705/1/20" target="_blank">http://www2.erepublik.com/en/article/-in[..]/1/20