The actions with 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 since the sized their trading, by themselves and their clients, can be so large it may move markets.
Examples of bullion bank influences
Older gold investors will 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 a few well-made arguments by the like of the late Ferdinand Lips that two key phenomena relating to the bullion banks were built with a marked influence on weakening prices with this era.
What about the giant Asian bullion banks?
China and Asia’s huge and growing finance industry is now the focus for global minded analysts to look into.
Within this white hot Chinese gold buying market there is a new strain of Asian bullion bank, trading on exchanges much like the Shanghai Gold Exchange (SGE), growing in space to already rival the likes of JPMorgan.
Comprehensive a new study documents the most important trading bank about the SGE, with some familiar Western names nearly managing to keep up a substantial presence there.
However the Chinese banks with this report
best bitcoin miner are worth becoming knowledgeable about, as they will from the core of probably the most powerful and fastest growing variety of bullion banks inside the market.
Will the Bank of China and China Agricultural Bank become the JPMorgan and HSBC of 2020’s gold market? Those that invest in gold will have to watch carefully and discover.