Following a post of ZeroHedge ("Spot the Odd One Out") we were curious to see how copper price reacted to the various QE announcements in the last couple of years. The complement the picture we also looked at gold and silver.
Price data we have downlaoded from Wikiposit (front contracts): Copper, Gold and Silver.
According to our count we have five FOMC announcement with QE characteristics:
In order to capture the entire price change due to the announcement we have looking at the closing prices at the day before the announcement (t-1) and after the announcement (t+1) and obtained the following results:
Data is here.
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