This paper examines for the first time the existence of psychological barriers in a variety of
daily and intra-day gold price series. This paper uses a number of statistical procedures and …

In this paper we examine nine European stock market indices for indication of psychological
barriers at round numbers. We test for uniformity in the trailing digits of the indices and use …

The hypothesis that London gold prices follow a random walk is tested for three prices, those
determined at the morning and afternoon fixings and the closing price, using the multiple …

Should we care? Psychological barriers in stock markets Page 1 Economics Letters 44 (1994)
427-432 01651765/94/$07.00 0 1994 Elsevier Science BV All rights reserved 427 Should we …

This study investigates the existence of psychological barriers in the Dow Jones Industrial
Average, the S&P 500, and six foreign stock indices. It is believed by many in the investment …

This paper undertakes an empirical analysis of the existence of psychological barriers in the
dollar/DM and the dollar/yen exchange markets. Psychological barriers occur when agents …

The contemporary press frequently makes mention of, and identifies significance with,
specific numerical values in financial markets. This focus has been suggested to result in …

This paper describes a theoretical and empirical study of the possibility of rational bubbles in
the relative price ofgold. The critical implication of the theoretical analysis is that, if rational …

The behavior of gold as an investment asset has been researched extensively. For the very
long run, that is several decades, gold does not outperform equities. However, for shorter …

This paper investigates the efficiency of the gold market with respect to the information
contained in sequences of successive price changes. Tests for serial correlation and …