How do The Huge Chinese Bullion Banks Move Gold Prices?

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 attempting to explain market movements and trends in gold prices.

Famous names like JPMorgan, HSBC, Scottia Mocatta and Goldman Sachs are monitored closely since the size their trading, on their own and for their potential customers, can be so large it may move markets.

Examples of bullion bank influences

Older gold investors will remember fondly the 1980s and 1990s bear market well, probably holding a range of opinions about what caused this bear market.

Within these opinions there are many well-made arguments through
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the like in the late Ferdinand Lips that two key phenomena concerning the bullion banks were built with a marked effect on weakening prices within this era.

What about the giant Asian bullion banks?

China and Asia’s huge and growing markets are now the focal point for global minded analysts to look into.

Within this white hot Chinese gold buying market there is a new breed of Asian bullion bank, trading on exchanges much like the Shanghai Gold Exchange (SGE), growing in space to already rival companies JPMorgan.

Comprehensive new research documents the biggest trading bank around the SGE, by incorporating familiar Western names pretty much managing to maintain a big presence there.

However the Chinese banks in this report are worth becoming acquainted with, because they will form the core of maybe the strongest and fastest growing range of bullion banks from the market.

Will the Bank of China and China Agricultural Bank become the JPMorgan and HSBC of 2020’s gold market? Those that purchase gold should watch carefully and discover.