𝔖 Bobbio Scriptorium
✦   LIBER   ✦

The daily effect in the gold market: A reply

✍ Scribed by Christopher K. Ma; G. Wenchi Wong; Edwin D. Maberly

Publisher
John Wiley and Sons
Year
1989
Tongue
English
Weight
146 KB
Volume
9
Category
Article
ISSN
0270-7314

No coin nor oath required. For personal study only.

✦ Synopsis

The inconsistency in sign may have been due to the mismatching in time between London afternoon fixing spot quote and U.S. Chicago afternoon closing futures quote. ZThe magnitude of the mean returns they reported were surprising. Further conversations and confirmations with Professor Maberly indicate that all reported returns should be reduced by two decimal points, e . g . , 4.31 percent should be 0.0431 percent.

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