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.