The BIS: the Bank Behind the Curtain.
In this report, I cover the early market action from London on Monday, October 28th, 2019. I look briefly at the precious metals, the stock market, the dollar, the bond market and the price of WTI and Brent crude oil.
Today I will look at the Bank for International Settlements or the BIS which is located in Basel, Switzerland but is not under Swiss jurisdiction. The BIS was created by international treaty back in 1930 by the Bank of England and the German Reichsbank.…