It looks like some negative momentum is building up.
Enough to offset the considerable positive momentum? Or just slow it down a little?
I'm hoping for the latter while I wait for more CAD to reach my Virtex account. It seems that recently a $2 dip on Gox can trigger a $5 drop at VTX.
Do I risk a long wait withdrawing a few grand from Gox after doing arb from VTX? If the wait is less than a couple of months, and the funds are from fiat savings rather than those allocated to BTC, the only way I can lose is for Gox to turn out to be a total scam and never give me back my dollars.
At one point last night the spread was close to 30%. Even if it takes 3 months, that's a good profit that's secure regardless of the price of BTC rising or falling.
Pre-edit: I typed this hours ago but hadn't sent it when I got really busy and left it. I just looked at Virtex and it's jumped by $8.
Damn the new slow deposit system.