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With the victory in eManitoba, eUS spending had increased dramatically over the past 24 hours and still trading at an impressive volume. Gifts are going off the shelves, but prices haven't increased much as profit-takers are becoming "not-for-profit"-takers, at least in the mean time.

This increased domestic consumption is increased the value of the USD. The USD has risen against the HUF and IDR, and while remaining steady against the RUB, the number of RUB per USD has risen from about .53RUB/USD to .90RUB to USD.

However, eHungary is expecting an attack in Nunavet according to other news sources. Weapons prices in eHungary have also remained level, but that is no indicator as to demand since a portion of weapons productive is done by the state.

This increase in spending is also causing the price of the major currencies to decrease against GOLD, with the exception of the RSD. It currently has a 2% gap between prices which is a great profit opportunity; however, the volatility in demand for the RSD has historically been spotty. The price gap could be explained by either huge demand (unlikely) or general inactivity in trading.

Trading Strategies - Supply and Demand pt. 2

As we discussed yesterday, there is an opportunity to cut your losses by letting the "hot currency" or "hot money" run out and return to average.

However, there is a profit to be made by being the aggressor.

Suppose you have 200USD you bought at 40.35USD/GOLD (4.9566GOLD) that would want to convert back into GOLD. An indicator of someone else trying to get rid of GOLD would be a price that is only in cents (40.33 rather than 40.331) or even to the tens (40.3). If the next available currency is anything other than 40.201 and you check and see the person is actively trading (green circle on the profile), then here is what you do.

Place an offer for 0.01GOLD for 40.3 (if the bid is 40.33) or even 40.25 (if the bid is 40.3). If someone buys you 0.01GOLD, you still can make a profit. Place another 0.01GOLD for the same price.

When your competitor drops the price of GOLD down below your, say 40.2, you can sell those 0.01GOLD purchases for a small profit.

When the other trader driops the price of GOLD down, you can sell you 200USD (plus whatever else you bought by selling 0.01GOLD whilst baiting him down) for his reduced price.

Thus, you spent 4.9566GOLD to buy 200USD at 40.35USD/GOLD, if you bid him down to 40.2 and sell your 200USD, you will be paid 4.9751GOLD, thus an approximate 0.02GOLD profit.

*** make sure the other trader has enough GOLD to cover your sale ***

0.02GOLD profit for about 20-30 minutes worth of work isn't a bad deal. The real money comes from more volatile currencies such as GRD or RSD. I would suggest this only if you were stuck with a bunch of currency you don't specifically need. A 2% spread on the RSD could potentially net you a 0.10GOLD profit.