CPM: Money-market (Day 699)
Day 699, 18:38
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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 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$. I then compare the two and to previous reports. Note that most activity occurs BELOW these price points as these are the offers that have NOT been taken yet. I throw out the retarded offers as they skew the results.
Day 699
Please note that I am running for congress in October under the banner of the CPF. I have requested to run in Alberta and I am awaiting the CPF's approval, I may be running in another province as I have offered to do so. Please consider voting for me on October 25th, here is my campaign presentation. Please consider voting for a CPF candidate in your province and remember to vote strategically, with a CPF majority we can move eCanada forward much faster.
I'd like to recognize a study done by Green Hawk and the relationship between population and the number of companies in a country. I think it is a great piece of work and I would ask that you please consider putting your companies up for sale for a reasonable price, okay even a firesale price, if you end up abandoning them. Marking a company down by 1G is awfully reasonably if your abandoning a company, provide your country with a bit of a head start and will reduce waste!
Here is a clip of me seeking out Green Hawk on the campaign trail to talk about his report and his ideas for upcoming reports.
International Market
The pool of CA$ offers on the market amounted to $36,821.13, up 20,518.87 or 125.9% over yesterday's $16,302.26. This is a remarkable swing and is buoyed by four seperate offers of $5,000 posted by the Royal Canadian Mint. This should combat deflation
On average, these offers are seeking 0.0314 gold per CA$1.00, which is up .0012 or 4.0% from yesterday's 0.0302. The eCanadian government approved an issue of CA$40,000 four days ago.
The eCanadian government approvals made during the life of this study are as follows:
Day 695 = CA$40,000.00, trading @ 0.0302 / 0.0291
Day 684 = CA$40,000.00, trading @ 0.0314 / 0.0287
Day 682 = CA$04,000.00, trading @ 0.0324 / 0.0288
Day 671 = CA$40,000.00, trading @ 0.0291 / 0.0277
Day 663 = CA$30,000.00, trading @ 0.0302 / 0.0283
I'm currently recommending to move to CA$ as arbitrage is opening up and the CA$ is on the rise.
Local Market
The offers of gold totaled 103.20, down 186.75 or 64.4% from yesterday's 289.95. The CA$ sought in return for offers of gold averaged $34.093, down by $0.074 or 0.2% from $34.166. This is a record low (second day running) for the price of offers, the CA$ is approaching an all-time high in value.
The holders of gold have been firm in the $34.3 to $34.7 range for nearly two weeks, the CA$ has finally broken through.
The lowest offer for 1 gold was CA$33.748.
Arbitrage
Arbitrage represents the opportunity to make money via trading currencies. The opportunity exists if you can find another currency which trades with CA$ 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 0.0293 gold per CA$, calculated as 1G/CA$34.093; this is an all-time high for this study and has been near here for 14 days. The international rate is 0.0314. The arbitrage, or spread between the two, is 0.0021; this is a decent spread but the important thing to note is that its growing, boding well for a high volume trading period. I've seen this cycle once in the past and after a bottoming out, a rapid increase ensues and a 2 to 3 day window of profitability opens up. Be ready, it's upon us!!!
I've added a green line to the arbitrage chart to plot the equilibrium or "fair" price that lies between the local and international markets, adjusted for the weighting of the prices (ie relative size of the offers).
Who's your Daddy? Addy's your daddy!!!
Day 699
Please note that I am running for congress in October under the banner of the CPF. I have requested to run in Alberta and I am awaiting the CPF's approval, I may be running in another province as I have offered to do so. Please consider voting for me on October 25th, here is my campaign presentation. Please consider voting for a CPF candidate in your province and remember to vote strategically, with a CPF majority we can move eCanada forward much faster.
I'd like to recognize a study done by Green Hawk and the relationship between population and the number of companies in a country. I think it is a great piece of work and I would ask that you please consider putting your companies up for sale for a reasonable price, okay even a firesale price, if you end up abandoning them. Marking a company down by 1G is awfully reasonably if your abandoning a company, provide your country with a bit of a head start and will reduce waste!
Here is a clip of me seeking out Green Hawk on the campaign trail to talk about his report and his ideas for upcoming reports.
International Market
The pool of CA$ offers on the market amounted to $36,821.13, up 20,518.87 or 125.9% over yesterday's $16,302.26. This is a remarkable swing and is buoyed by four seperate offers of $5,000 posted by the Royal Canadian Mint. This should combat deflation
🙂
On average, these offers are seeking 0.0314 gold per CA$1.00, which is up .0012 or 4.0% from yesterday's 0.0302. The eCanadian government approved an issue of CA$40,000 four days ago.
The eCanadian government approvals made during the life of this study are as follows:
Day 695 = CA$40,000.00, trading @ 0.0302 / 0.0291
Day 684 = CA$40,000.00, trading @ 0.0314 / 0.0287
Day 682 = CA$04,000.00, trading @ 0.0324 / 0.0288
Day 671 = CA$40,000.00, trading @ 0.0291 / 0.0277
Day 663 = CA$30,000.00, trading @ 0.0302 / 0.0283
I'm currently recommending to move to CA$ as arbitrage is opening up and the CA$ is on the rise.
Local Market
The offers of gold totaled 103.20, down 186.75 or 64.4% from yesterday's 289.95. The CA$ sought in return for offers of gold averaged $34.093, down by $0.074 or 0.2% from $34.166. This is a record low (second day running) for the price of offers, the CA$ is approaching an all-time high in value.
The holders of gold have been firm in the $34.3 to $34.7 range for nearly two weeks, the CA$ has finally broken through.
The lowest offer for 1 gold was CA$33.748.
Arbitrage
Arbitrage represents the opportunity to make money via trading currencies. The opportunity exists if you can find another currency which trades with CA$ 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 0.0293 gold per CA$, calculated as 1G/CA$34.093; this is an all-time high for this study and has been near here for 14 days. The international rate is 0.0314. The arbitrage, or spread between the two, is 0.0021; this is a decent spread but the important thing to note is that its growing, boding well for a high volume trading period. I've seen this cycle once in the past and after a bottoming out, a rapid increase ensues and a 2 to 3 day window of profitability opens up. Be ready, it's upon us!!!
I've added a green line to the arbitrage chart to plot the equilibrium or "fair" price that lies between the local and international markets, adjusted for the weighting of the prices (ie relative size of the offers).
Who's your Daddy? Addy's your daddy!!!
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