The actions from 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
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Examples of bullion bank influences
Older gold investors will can remember the 1980s and 1990s bear market well, probably holding a selection of opinions in regards to what caused this bear market.
Within these opinions there are some well-made arguments through the like of the late Ferdinand Lips that two key phenomena relating to the bullion banks a marked influence 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 focal point 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 dimensions to already rival famous brands JPMorgan.
Comprehensive new information documents the biggest trading bank around the SGE, with some familiar Western names nearly managing to keep a big presence there.
However the Chinese banks within this report are worth becoming knowledgeable about, as they will form the core of maybe the most effective and fastest growing variety of bullion banks within the market.
Will the Bank of China and China Agricultural Bank end up being the JPMorgan and HSBC of 2020’s gold market? Those that invest in gold will likely need to watch carefully and find out.