Posted on 11/22/2025 12:37:23 PM PST by delta7
“[T]he Chinese have now taken delivery of a bunch of physical New York gold in response to that arb.”
Housekeeping: The following is informed conjecture into the Gold markets based on history, experience, and sources with access to certain pieces of information.
None of this is guaranteed. But we’ve done these type analyses before and have been proven correct over time more than once. Prior examples in footnote.1
This is a behavioral framework based on market structure analysis and experience for the reader to make their own inferences.. It is how things have been done ( by us and others) in the past overlaid on current events.
Nobody has a monopoly on truth, and this information cannot be precise, but we believe it is largely logistically accurate. Read this footnote also.2
Enjoy.
Subtitles:
The Shanghai Arb and Gold's Exit Strategy Connecting More Dots Who Does This? Who Would Trade The Arb? China’s Gold Market Structure Because Gold is Money Dummy SGE and International Arbitrage The Shanghai Arb and Gold's Exit Strategy
We had an extended conversation with Tom Luongo last week which he posted yesterday in podcast form.
PODCAST LINK HERE Regarding Gold we shared with him the following exclusively:
Over the last month or so, China has been taking delivery of Gold out of New York presumably related to the Shanghai Premium. We’ve believed this for some time, knowing that JPM and others have strong banking relationships and would be able to effect such a transaction. We also had no evidence of it except the drawdown in China followed by a drawdown in US Comex.
But now I can say here, that two unconnected sources confirm the delivery of Gold in China from the USA.
As stated, we have two unrelated sources on this. One is a respected ( by us, not just the public) banker/analyst/journalist. The other is a fund manager in Asia.
All the Gold is gone....Just lead bars now.
All the Gold is gone....Just lead bars now.
They know something J six pack doesn’t.
I understand gold is also leased.
Probably right. A sea of paper contracts.
It's a house of cards, waiting to collapse.
“However, the biggest money in the world, Central Banks, are buying hand over fist, regardless of price.”
Russia has started selling gold to finance Putin’s two-week week war.
That must mean they are almost broke.
For someone that has posted that worldly riches should be eschewed, you are insanely occupied with gold.
In After Texas Stalker
IBCF
“For someone that has posted that worldly riches should be eschewed, you are insanely occupied with gold.”
The insane occupation is your stalking of Delta7, and your hatred of Armstrong. Seems very much as if you have a history with Armstrong. Did he used to be a neighbor of yours?
“Seems very much as if you have a history with Armstrong. “
You are so mistaken.
“The insane occupation is your stalking of Delta7, and your hatred of Armstrong. “
In the last two weeks four delta7/Armstrong articles have been zotted with the mods label ‘scammer’.
“The insane occupation is your stalking of Delta7, and your hatred of Armstrong. “
Criminal conviction
In 1999, Japanese fraud investigators accused Armstrong of collecting money from Japanese investors, improperly commingling these funds with funds from other investors, and using the fresh money to cover losses he had incurred while trading.[9] United States prosecutors called it a three-billion-dollar Ponzi scheme.[10] Allegedly assisting Armstrong in his scheme was the Republic New York Corporation, which produced false account statements to reassure Armstrong’s investors. In 2001, the bank agreed to pay $606 million as restitution for its part in the scandal.[10]
Armstrong was indicted in 1999 and ordered by Judge Richard Owen to turn over fifteen million dollars in gold bars and antiquities bought with the fund’s money; the list included bronze helmets and a bust of Julius Caesar.[11][12] Armstrong produced some of the items but claimed the others were not in his possession; this led to several contempt of court charges brought by the U.S. Securities and Exchange Commission and CFTC, for which he served seven years in jail until he reached a plea bargain with federal prosecutors.[13][14][15] Under the terms of the agreement, Armstrong admitted to deceiving corporate investors and improperly commingling client funds—actions that according to prosecutors resulted in commodities losses of more than $700 million—and was sentenced to five years in prison.[16][11]
Armstrong was released from federal custody on 2 September 2011 after serving a total of eleven years behind bars.[17] The case against Armstrong was finally closed in 2017, with the distribution of about $80 million to claim holders by the receiver according to court filings.[18] Armstrong appealed the refusal of the receiver to transport his remaining possessions from storage lockers in New York and Pennsylvania to him in Florida, but the appeal failed in 2019. Concerning his felony conviction, Armstrong is “unrepentant” according to Bloomberg News.[19] In 2014, Italian comedian, activist, and Five Star Movement founder Beppe Grillo’s cited an article by L’Antidiplomatico that quoted Armstrong as supporting Grillo’s anti-euro views and calls for a referendum on the issue, and presented him as a historian who described Grillo as a prominent figure of the struggle for democracy and cited The Economist article “Send in the clowns” (in reference to Grillo and Silvio Berlusconi) to establish Armstrong as an expert holding the opposite view of The Economist.[2] On his website, Armstrong described himself as a “world-renowned” historian and economist, an influencer on Ronald Reagan, and a friend of Margaret Thatcher, without mentioning other details of his biography, such as his criminal conviction.[2]
Wiki
“The insane occupation is your stalking of Delta7, and your hatred of Armstrong. “
He is a lying Putin apologist.
And always praising china.
You keep good company.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.