CPM: Money-market (Day 701)
Day 701, 20:55
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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$. I then compare the two and to previous reports. Note that most activity occurs BELOW these price points as these are the offers that have NOT been taken yet. I throw out the retarded offers as they skew the results.
Day 701
Please note that I am running for congress in October in the province of Ontario with the approval of the CPF. Please consider voting for me on October 25th, here is my campaign presentation. Please consider voting for a CPF candidate in your province and remember to vote strategically, with a CPF majority we can move eCanada forward much faster.
I haven't been on the campaign trail much the past two days as I have been in the BC War Room plotting our movements and maneuvers in the eHun war over Manitoba, flying to Florida to participate in the battle, and going kamikaze on eHun soldiers over the past two days. A tip of the ha to the greatest private army in Canada, Bruck's Canucks!!!
Okay, now for the shameless congressional campaign plugs, here is a clip of me in action taking out an eHun after my guns ran out:
I got to meet some tanks that were brought in for the battle and I got to express my gratitude and thanks. Here is a pic of me with Big Brother smoking a victory cigar.
Like I said, I ran out of guns and used whatever was handy, I even resorted to using a baseball bat. The eCanadians trapped behind enemy lines were very thankful and I got a chance to meet one of them before I flew back.
International Market
The pool of CA$ offers on the market amounted to $29,174.40, down $657.92 or 2.2% over yesterday's $29,832.32.
On average, these offers are seeking 0.0308 gold per CA$1.00, which is down 0.0007 or 2.2% from yesterday's 0.0315. What is interesting is that despite a small change in size of the pool of offers, the average price shifted quite a bit.
The eCanadian government approved an issue of CA$40,000 five 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$30,000.00, trading @ 0.0302 / 0.0283
Local Market
The offers of gold totaled 122.88, down 44.58 or 26.6% from yesterday's 167.46. The CA$ sought in return for offers of gold averaged $34.105, up by $0.026 or 0.0% from $34.079. The CA$ is trading at 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$33.998.
Arbitrage
Arbitrage represents the opportunity to make money via trading currencies. The opportunity exists if you can find another currency which trades with CA$ 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$34.105; this approaches an all-time high for this study and has been near here for 14 days. The international rate is 0.0308. The arbitrage, or spread between the two, is 0.0014 and tighter than yesterday; this is a smallish spread and its contraction signifies a closing opportunity. It appears that there will not be a high tide this cycle.
I've added a green line to the arbitrage chart to plot the equilibrium or "fair" price that lies between the local and international markets, adjusted for the weighting of the prices (ie relative size of the offers). The fair price is 0.0306 and is down from yesterday's 0.0312.
Recommendation
I'm currently recommending to hold both gold and CA$.
Who's your Daddy? Addy's your daddy!!!
Day 701
Please note that I am running for congress in October in the province of Ontario with the approval of the CPF. 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 haven't been on the campaign trail much the past two days as I have been in the BC War Room plotting our movements and maneuvers in the eHun war over Manitoba, flying to Florida to participate in the battle, and going kamikaze on eHun soldiers over the past two days. A tip of the ha to the greatest private army in Canada, Bruck's Canucks!!!
Okay, now for the shameless congressional campaign plugs, here is a clip of me in action taking out an eHun after my guns ran out:
I got to meet some tanks that were brought in for the battle and I got to express my gratitude and thanks. Here is a pic of me with Big Brother smoking a victory cigar.
Like I said, I ran out of guns and used whatever was handy, I even resorted to using a baseball bat. The eCanadians trapped behind enemy lines were very thankful and I got a chance to meet one of them before I flew back.
International Market
The pool of CA$ offers on the market amounted to $29,174.40, down $657.92 or 2.2% over yesterday's $29,832.32.
On average, these offers are seeking 0.0308 gold per CA$1.00, which is down 0.0007 or 2.2% from yesterday's 0.0315. What is interesting is that despite a small change in size of the pool of offers, the average price shifted quite a bit.
The eCanadian government approved an issue of CA$40,000 five 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$30,000.00, trading @ 0.0302 / 0.0283
Local Market
The offers of gold totaled 122.88, down 44.58 or 26.6% from yesterday's 167.46. The CA$ sought in return for offers of gold averaged $34.105, up by $0.026 or 0.0% from $34.079. The CA$ is trading at 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$33.998.
Arbitrage
Arbitrage represents the opportunity to make money via trading currencies. The opportunity exists if you can find another currency which trades with CA$ 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$34.105; this approaches an all-time high for this study and has been near here for 14 days. The international rate is 0.0308. The arbitrage, or spread between the two, is 0.0014 and tighter than yesterday; this is a smallish spread and its contraction signifies a closing opportunity. It appears that there will not be a high tide this cycle.
I've added a green line to the arbitrage chart to plot the equilibrium or "fair" price that lies between the local and international markets, adjusted for the weighting of the prices (ie relative size of the offers). The fair price is 0.0306 and is down from yesterday's 0.0312.
Recommendation
I'm currently recommending to hold both gold and CA$.
Who's your Daddy? Addy's your daddy!!!
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Comments
Nice report.
please link your pic so we can see it in a larger view please 😃
Youre right really great report as always, keep up the good work 🙂
Great article!