The actions of the bullion banks around the London Gold Market as well as the COMEX futures exchange in New York are dissected by analysts trying 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, on their own or for their customers, is really large it can move markets.
Examples of bullion bank influences
Older gold investors will remember fondly the 1980s and 1990s bear market well, probably holding an array of opinions about what caused this bear market.
Within these opinions there are many well-made arguments with the like from the late Ferdinand Lips that two key phenomena regarding the bullion banks were built with a marked relation to weakening prices with this era.
What about the giant Asian bullion banks?
China and Asia’s huge and growing markets are now the focus for global minded analysts to look into.
Within this white hot Chinese gold buying market there’s a new variety of Asian bullion bank, trading on exchanges much like the Shanghai Gold Exchange (SGE), growing in space to already rival the kind of JPMorgan.
Comprehensive a new study documents the greatest trading bank on the SGE, by incorporating familiar Western names nearly managing to keep up a substantial presence there.
However the Chinese banks in this report are
best bitcoin mining rig best bitcoin mining hardware worth becoming acquainted with, as they will form the core of maybe the strongest and fastest growing variety 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 put money into gold will have to watch carefully and see.