Quote from: nihilnegativum on May 10, 2017, 04:45:02 PM

Quote from: rehe on May 10, 2017, 02:49:39 PM

Quote from: nihilnegativum on May 10, 2017, 09:51:32 AM

Quote from: nmrcngrb on May 10, 2017, 07:56:06 AM

That's awesome! Less than 2 weeks since last mint and 14kg of new gold. Great results!

I see that market price is always following the production price, but this time market price was even higher than production price.
Is that the reason why there was no market buy at this mint?

Yes, BTC price increases, and in return we get more gold.

BTC price has no impact on quantity of gold.

BTC price increases the prices of altcoins, xaurum price increases and surpasses production price, because it is above production price no market buy is necessary, and the funds that would go on the market go into the gold reserves instead.

Market price was above production because Xaur were bought at that levels on market.

Market price will always be around production price. It takes some time for market to catch up to production price after each mint. This catch-up time will get shorter with time.
The price of BTC or any other altcoin will not affect this fact.
Any anomalies will be constantly corrected with market buy mechanism at every mint (unique to Xaurum).