Backwardation Profit Taking

The big news this week is that Donald Trump was elected to be the next president of the United States. Whether due to his comments about restructuring the government debt, tariffs on imported goods, or other economic concerns, many expected news of his election to push up the price of gold.

They were wrong.

Every day since last Friday (November 4) has seen the price of gold falling. From a peak of over $1308, the price fell to $1227 on Friday.

There was a rally from $1269 to $1337 on the evening of election day, from 8pm to midnight in New York. This is roughly the time when election results began to trickle in and show that Trump was going to win. At the same time, the stock marketwill cause a pressure variation across the valve which deforms the diaphragm slightly while maintaining the ball within the conical seat in the fluid flow orifice. Excessive intracranial pressures, however, will cause the valve to open by exerting additional force directly against the ball and the compression spring. Compression of the spring will unseat the ball and thereby open the valve to allow CSF to flow through the orifice to the outflow port and to a suitable drainage location.
In one embodiment of the invention, the diaphragm divides the valve housing into first and second chambers. The first chamber is associated with the inflow port on the valve and is maintained at ambient pressure while the second or outflow chamber is maintained at a pressure equivalent to the pressure