By GCRU Gold News on Wednesday, June 4 2014, 08:58 - Permalink
These charts are built around an advance decline formula. Each day the percentage change is added or subtracted from the prior day's total. They show the accumulated gains or losses of buying at one LBMA Fix & selling at the next LBMA Fix.
The first chart shows the profits gained by buying at the LBMA PM Fix & then selling at the LBMA AM Fix. So buy when London closes & hold overnight & sell when London opens.
The second chart shows the profits gained by buying at the LBMA AM Fix & then selling at the LBMA PM Fix. So buy when London opens & hold overnight & sell when London closes.
As can be clearly seen there is an overwhelming bias that is blatantly obvious.