How do The Huge Chinese Bullion Banks Move Gold Prices?
The actions in the bullion banks around the London Gold Market and the COMEX futures exchange in New York are dissected by analysts looking 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, for themselves and for the clientele, is really large it can 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 with the like of the late Ferdinand Lips that two key phenomena concerning the bullion banks stood a marked relation to weakening prices with this
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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 there exists a new strain of Asian bullion bank, trading on exchanges such as the Shanghai Gold Exchange (SGE), growing in size to already rival the likes of JPMorgan.
Comprehensive new information documents the greatest trading bank for the SGE, with many familiar Western names pretty much managing to maintain a substantial presence there.
However the Chinese banks within this report are worth becoming knowledgeable about, because they will form the core of perhaps the strongest and fastest growing choice of bullion banks from the market.
Will the Bank of China and China Agricultural Bank become the JPMorgan and HSBC of 2020’s gold market? Those that purchase gold should watch carefully to see.