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 wanting to explain market movements and trends in gold prices.
Famous names like JPMorgan, HSBC, Scottia Mocatta and Goldman Sachs are monitored closely as the sized their trading, on their own or the clientele, is really large it can move markets.
Examples of bullion bank influences
Older gold investors will recall the 1980s and 1990s bear market well, probably holding a variety of opinions about what caused this bear market.
Within these opinions there are many well-made arguments with the like of the late Ferdinand Lips that two key phenomena regarding the bullion banks
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What about the giant Asian bullion banks?
China and Asia’s huge and growing markets are now the center point 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 much like the Shanghai Gold Exchange (SGE), growing in dimensions to already rival the likes of JPMorgan.
Comprehensive new information documents the greatest trading bank for the SGE, with many familiar Western names just about managing to keep a substantial presence there.
However the Chinese banks on this report are worth becoming informed about, as they will from the core of maybe the best and fastest growing assortment of bullion banks inside market.
Will the Bank of China and China Agricultural Bank get to be the JPMorgan and HSBC of 2020’s gold market? Those that purchase gold will need to watch carefully to see.