CPM: Money-market (Day 686)
Day 686, 22:01
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Published in Canada 
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by
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by Addy Lawrence
Day 686
Another late night for Addy, the minor hockey draft is in the books and shinny season is in full swing!!!
I have been getting quite a few PM's on my work in this series, and the Product, Commodity and Labour Report as well as This Week in the eCanadian Economy, thanks very much for the kind words, its very appreciated.
International Market
The pool of CA$ offers on the market is approaching an all-time high, climbing all the way to $36,148.49, up $4,808.76 or 15.3% from yesterday's $31,339.73.
On average, these offers are seeking 0.0312 gold per CA$1.00 which is no change from yesterday. The eCanadian government approved an issue of CA$40,000 on two 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 115.95, increasing 15.01 or 14.9% from yesterday's 100.94 gold. The CA$ sought in return for offers of gold averaged $34.815, up by $0.294 or 0.8% from yesterday's $34.521.
The glut of gold offers has been digested by the International market and gold is looking to get more expensive to holders of CA$ over the next few days.
The cheapest offer for 1 gold was CA$34.449.
Arbitrage
Arbitrage represents the opportunity to make money via trading currencies. The opportunity exists if you can find another currency which trades with CA$ 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$34.815; this is down from yesterday's all-time high for this study of 0.0290. The international rate is 0.0312. The arbitrage, or spread between the two, is 0.0025 which is larger than yesterday. This is still a relatively large spread and supports trading activity.
Who's your Daddy? Addy's your daddy!!!
Another late night for Addy, the minor hockey draft is in the books and shinny season is in full swing!!!
I have been getting quite a few PM's on my work in this series, and the Product, Commodity and Labour Report as well as This Week in the eCanadian Economy, thanks very much for the kind words, its very appreciated.
International Market
The pool of CA$ offers on the market is approaching an all-time high, climbing all the way to $36,148.49, up $4,808.76 or 15.3% from yesterday's $31,339.73.
On average, these offers are seeking 0.0312 gold per CA$1.00 which is no change from yesterday. The eCanadian government approved an issue of CA$40,000 on two 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 115.95, increasing 15.01 or 14.9% from yesterday's 100.94 gold. The CA$ sought in return for offers of gold averaged $34.815, up by $0.294 or 0.8% from yesterday's $34.521.
The glut of gold offers has been digested by the International market and gold is looking to get more expensive to holders of CA$ over the next few days.
The cheapest offer for 1 gold was CA$34.449.
Arbitrage
Arbitrage represents the opportunity to make money via trading currencies. The opportunity exists if you can find another currency which trades with CA$ 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$34.815; this is down from yesterday's all-time high for this study of 0.0290. The international rate is 0.0312. The arbitrage, or spread between the two, is 0.0025 which is larger than yesterday. This is still a relatively large spread and supports trading activity.
Who's your Daddy? Addy's your daddy!!!
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