CPM: Money-market (Day 695)
Day 695, 19:10
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Published in Canada 
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by
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by Addy Lawrence
A little background on this report. Each day (when my computer is working) at around 7:00pm EST, I go to the money market and log all of the offers of CA$ for gold. I also log all of the offers of gold for CA$. I then compare the two and to previous reports. Note that most activity occurs BELOW these price points as these are the offers that have NOT been taken yet. I throw out the retarded offers as they skew the results.
Day 695
Also, FYI, I have created an Organization called "Chemmy Boy Association" and they have started a company "CBA: Grain". Thanks for your support to date, I've hit the magic number of 10 employees and I've been fairly successful at being the low cost provider of grain. A big thanks to my employees as well!!! Your service and patronage is much appreciated.
Look for the CBA to vertically integrate into the food business soon.
International Market
The pool of CA$ offers on the market was relatively flat today at $19,686.94, down slightly by $131.31 or 0.7% from yesterday's $19,555.63.
On average, these offers are seeking 0.0302 gold per CA$1.00 which is up 0.3% from 0.0301. 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 695 = CA$40,000.00, trading @ 0.0302
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$30,000.00, trading @ 0.0302
I'm currently recommending to move to gold as the CA$ is falling and the rampant deflation will impair the value of the CA$.
Local Market
The offers of gold totaled 155.83, down 73.57 or 32.1% from yesterday's 229.40. The CA$ sought in return for offers of gold averaged $34.308, down by $0.023 or 0.0% from $34.331.
The holders of gold have been firm in the $34.3 to $34.7 range for nearly two weeks, this is definitely a sticky point.
The cheapest offer for 1 gold was CA$34.277.
Arbitrage
Arbitrage represents the opportunity to make money via trading currencies. The opportunity exists if you can find another currency which trades with CA$ 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$34.308; this is an all-time high for this study. The international rate is 0.0302. The arbitrage, or spread between the two, is 0.0010 (due to rounding); this is tight and bodes for low volumes of trading. This is as tight as I've seen it during this study.
Who's your Daddy? Addy's your daddy!!!
Day 695
Also, FYI, I have created an Organization called "Chemmy Boy Association" and they have started a company "CBA: Grain". Thanks for your support to date, I've hit the magic number of 10 employees and I've been fairly successful at being the low cost provider of grain. A big thanks to my employees as well!!! Your service and patronage is much appreciated.
Look for the CBA to vertically integrate into the food business soon.
International Market
The pool of CA$ offers on the market was relatively flat today at $19,686.94, down slightly by $131.31 or 0.7% from yesterday's $19,555.63.
On average, these offers are seeking 0.0302 gold per CA$1.00 which is up 0.3% from 0.0301. 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 695 = CA$40,000.00, trading @ 0.0302
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$30,000.00, trading @ 0.0302
I'm currently recommending to move to gold as the CA$ is falling and the rampant deflation will impair the value of the CA$.
Local Market
The offers of gold totaled 155.83, down 73.57 or 32.1% from yesterday's 229.40. The CA$ sought in return for offers of gold averaged $34.308, down by $0.023 or 0.0% from $34.331.
The holders of gold have been firm in the $34.3 to $34.7 range for nearly two weeks, this is definitely a sticky point.
The cheapest offer for 1 gold was CA$34.277.
Arbitrage
Arbitrage represents the opportunity to make money via trading currencies. The opportunity exists if you can find another currency which trades with CA$ 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$34.308; this is an all-time high for this study. The international rate is 0.0302. The arbitrage, or spread between the two, is 0.0010 (due to rounding); this is tight and bodes for low volumes of trading. This is as tight as I've seen it during this study.
Who's your Daddy? Addy's your daddy!!!
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