For some time I have daily checked the GOFO rates on the LBMA website.
It seems that whenever the GOFO rates go up (and they release it at 12:00 PM Belgian time), then the gold price goes up when the U.S. stock market opens.
See how the GOFO rate and gold price correlate to each other.
So technically you can predict the price swing in gold by just watching the LBMA GOFO rate before the U.S. stock market opens.
It seems that whenever the GOFO rates go up (and they release it at 12:00 PM Belgian time), then the gold price goes up when the U.S. stock market opens.
See how the GOFO rate and gold price correlate to each other.
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| 1 Month GOFO |
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| GLD: gold price |
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