The actions in the bullion banks for 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 because the size of their
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Examples of bullion bank influences
Older gold investors will remember fondly the 1980s and 1990s bear market well, probably holding a variety of opinions about what caused this bear market.
Within these opinions there are several well-made arguments from the like of the late Ferdinand Lips that two key phenomena regarding the bullion banks stood a marked influence on weakening prices during this era.
What about the giant Asian bullion banks?
China and Asia’s huge and growing markets are now the centerpiece for global minded analysts to look into.
Within this white hot Chinese gold buying market you will find there’s new variety of Asian bullion bank, trading on exchanges just like the Shanghai Gold Exchange (SGE), growing in proportions to already rival famous brands JPMorgan.
Comprehensive new information documents the most important trading bank about the SGE, with many familiar Western names pretty much managing to maintain a big presence there.
However the Chinese banks with this report are worth becoming familiar with, as they will form the core of maybe the most powerful and fastest growing assortment of bullion banks inside 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 need to watch carefully and discover.