The actions with 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 closely since the height and width of their trading, on their own or for their customers, is indeed large it might move markets.
Examples of bullion bank influences
Older gold investors will remember fondly 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 with the like of the late Ferdinand Lips that two key phenomena involving the bullion banks a marked relation to 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 you will find there’s new strain of Asian bullion bank, trading on exchanges just like the Shanghai Gold Exchange (SGE), growing in space to already rival famous brands JPMorgan.
Comprehensive new research documents the greatest trading bank for the SGE, with some familiar Western names just about managing to maintain a sizable presence there.
However the Chinese banks with this report are
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Will the Bank of China and China Agricultural Bank get to be the JPMorgan and HSBC of 2020’s gold market? Those that spend money on gold will have to watch carefully and discover.