Take physic, pomp

Chart of the day is……

…..Troy Resources, showing the arb between the Australian listing (TRY.ax) and the Canadian listing (TRY.to), six month time period.
1) Australia is the price driver (significantly higher volumes traded, too)
2) Any arbitrage gap is always closed in any short-term period.
3) The gap at present is 12%.

Just sayin’.

Meanwhile and completely OT, via Felix Salmon watch a 2 minute video of Cur Allen Stanford’s 2008 appearance on CNBC. It contains some serious bootlicking from the CNBC marionette and a classic line from Stanford himself:

“I think we’re gonna see a lot of problems surfaced in the first quarter of 09”
He wasn’t referring to himself, though.

Leave a Reply

Your email address will not be published.

Hello, you are not in a chatroom, you are in my living room. Opposing views and criticisms welcome, insults or urinating on furniture unwelcome. Please refrain from swearing if possible, it is not needed.