Thursdays!!! Why always Thursdays!
Windycity
Posts: 3,501 ✭✭✭✭✭
Tracking the past 6-8 weeks, Thursday is always the most volatile day for precious medals. Why???
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"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
<< <i>Everyone needs grocery money for Friday? >>
something like that....
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<< <i>Tracking the past 6-8 weeks, Thursday is always the most volatile day for precious medals. Why??? >>
It's the day before Friday & everyone leaves town early on Fridays
It's also helpful for the banksters that by hitting gold in the 2nd half of the week (Wed-Thurs) it doesn't show up on the COT report which is issued Friday at 3:30 pm EST. It's not until the following week's report comes out that traders find out what happened the previous Wed and Thurs, which now is muddled up with a whole week's worth of trading. And more than likely up and down movements canceled each other out.
roadrunner
There's always a trick to it and the big fish knows exactly what they're doing. It's us little fish that have to deal with it.
Too many positive BST transactions with too many members to list.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey