The actions with the bullion banks about the London Gold Market as well as the COMEX futures exchange in New York are dissected by analysts looking to explain market movements and trends in gold prices.
Famous names like JPMorgan, HSBC, Scottia Mocatta and Goldman Sachs are monitored closely as the size their trading, for their own reasons or their clients, can be so large it may move markets.
Examples of bullion bank influences
Older gold investors will remember the 1980s and 1990s bear market well, probably holding a variety of opinions in regards to what caused this bear market.
Within these opinions there are several well-made arguments with the like from the late Ferdinand Lips that two key phenomena relating to the bullion banks stood a marked impact on weakening prices during this era.
What about the giant Asian bullion banks?
China and Asia’s huge and growing finance industry is now the center point for global minded analysts to look into.
Within this white hot Chinese gold buying market there exists a new breed of Asian bullion bank, trading on exchanges like the Shanghai Gold Exchange (SGE), growing in dimensions to already rival the likes of JPMorgan.
Comprehensive a new study documents the largest trading bank for the SGE, by incorporating familiar Western names pretty much managing to maintain a big presence there.
However the Chinese banks with this report are worth becoming informed about, while they will form the core
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best asic miner of possibly the most effective and fastest growing range of bullion banks within the market.
Will the Bank of China and China Agricultural Bank become the JPMorgan and HSBC of 2020’s gold market? Those that spend money on gold should watch carefully and see.