Market Curiosity: Exploring Markets And Systems

September 19, 2011

The last LBMA SIFO update for a while

Filed under: Just Watching — Tags: , , , , — Jeff Fitzmyers @ 7:24 am

More recent post: LBMA SIFO from November 2006 to September 2012

James Turk’s Sep 17 trading comments: …the LBMA’s GOFO is no longer a reliable rate. I think the banks are just making it up to paint a picture that has some semblance of normalcy. But things in Europe are anything but normal. Abnormal relationships in short-term currency vs. gold interest rates make that point clear.

I assume that goes for SIFO too. I’m not interested in keeping up with it anymore.

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