The latest tell comes as Gunvor, the #5 gold trader is getting out of the biz basically admitting large scale fraud. Their reason demonstrates why Austria may try and repatriate their gold.  It is too late for that.  Per Bloomberg, “Gunvor executives decided to abandon the precious metals trading business partly because of difficulties in finding steady supplies of gold where the origin could be well documented, one of the people said.”

In Cold War 2.0 watch, as soon as Russia replaced the SWIFT system on the 15th, cabalist king pin Goldman Sachs has cut off Ruble liquidity to Russian entities. As the same time futures trading is Rubles has been suspended.

The larger question is what will China and Russia do now with their Old Maid Card (OMC) US Treasury holdings. With the dollar inflated this is the opportune time to dump as many OMCs for gold as possible under the cover of “currency intervention”.  Russia on it’s end announced overnight that $70 billion in OMC foreign currency will be liquidated.

China held $1.25 trillion in U.S. debt as of October, a $13.6 billion drop from September. At least this is what has been officially reported. This pace could be quickened. Or now that Cold War 2.0 is in full gear, it could be used as a nuclear option to topple the whole house of cards.  This has been pushed within Chinese circles for several years.  Enemy Japan would be financially eviscerated in one day.

The problem is that there is a severe lack of real physical gold to buy with the proceeds. That is unless something has been secretly stockpiled in Asian vaults to conduct this operation. But if China’s central bank has 10,000 tonnes already, they could just write a massive OMC dump off as the cost of war and do a reset.

The Cabal in the meantime likely has sufficient gold assets lined up to be a big beneficiary of the OMC nuclear option. Therefore I suggest the Cabal will assist the western financial crisis by design, and participate in the spoils.

The last time this happen, gold launched a big rally.