Barclays Manipulated Gold as Soon as It Stopped Manipulating Libor

And still no one is in prison…. If you were writing a paranoidfantasyof gold price manipulation you’d be hard pressed to come up with something more on the nose than the U.K. Financial Conduct Authority’s order against Barclays. It has everything; it is the benchmark of manipulation by which all future manipulation will be measured. Well, this…

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Vix Again

I came across this chart over the weekend. It looks at the volatility of stock, bond and currencies markets. The article that accompanies it falls into a trap I have commented on before namely, that volatility and changes in volatility are predictive. My view is that they are post-dictive – that is they react after…

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