David Jensen Profile picture
May 17, 2018 13 tweets 15 min read Twitter logo Read on Twitter
Impact of the Petro-Yuan (w/ Gold settlement option) contract still to be seen; first Yuan contract settles in September 2018. As @Ole_S_Hansen notes, trading volume of the Petro-Yuan oil contract continues to build. A developing story. #OOTT #PetroGold
The Yuan/Gold settlement oil contract China has launched will fundamentally impact the Petro Dollar's dominant status. Out comes the mallet.
cnbc.com/2018/05/17/tru… #oott #oil
Russia has been receiving physical gold payment from China for oil for years.
President Trump can see where this is inevitably going globally.
Out comes the mallet.


#oil #oott #gold #petrogold
Russia has cut oil exports to Europe and increased oil exports to China by 43% through Q1 2018.

China pays for Russian oil with physical gold. Shanghai Yuan/Gold oil contract settlement opens this up for other oil producers.


#PetroGold #Gold #OOTT #oil
RT article re. Russian oil: "“Given the current geopolitical conditions, the shift towards China from Europe is a protective measure."

Russian oil exports to China thru Apr '18 up nearly 50%:


Sweet oil to China for gold pymt.

#OOTT #oil #Petrogold
This a paradigm of nascent #oil market:

#China pays #Russia gold for oil - abundant crude supply to spec
Europe pays for oil w/ currency - inadequate oil offered

Will accelerate

"Fiat money, in extremis, is accepted by nobody. Gold is always accepted."
Sir Alan Greenspan
Russia's deflection of oil supply from Europe to China (+50%) helps explain why Brent has been running so hard this year.

Relatively small oil supply constrictions can produce non-linear price moves higher. And Brent has well outrun WTI.

#OOTT #OIL #PetroGold #Gold
"Now it seems more likely that Iran would go straight to selling oil directly for bars of gold. "

2M bbl oil per day @ $80 bbl oil & $1,400 #gold = 40M oz per year (40% of mine supply)

Gold price will be reset.


#OOTT #OIL #PetroGold @Ole_S_Hansen
Russia 5M bpd , Iran 2M bpd oil production.

Russia receiving gold for oil fr. China and Iran moving back to this recent settlement method as used during prior sanctions.

Transition of settlement mechanism of global oil (and gas) market continues.

#OOTT #OIL #PetroGold #Gold
Trend of Russia's crude exports to China through 2017 below.

In 2018 through April, Russian exports to China have jumped 50% vs 2017.

If the trend continues, other customers (incl. Europe) will see a material decline in deliveries of Russian crude.

#OOTT #OIL #PetroGold #Gold
Interview with @jameshenryand of @SilverDoctors today re. the gold settlement for oil dynamic we see playing out globally today and repercussions. IMO, oil price soon bifurcated.

Thanks James - a most enjoyable discussion.

#OOTT #Oil @PetroGold #Gold
India won't be able to buy Iran's oil with USD / use SWIFT system - however #India won't abide US Iran sanctions.

Following #China, potential Iranian return to PetroGold (as Iran used in 2012 to bypass sanctions) is in play.

#PetroGold #OOTT #Oil #Gold

China buying oil w/ gold & India going there.
Lots shouting re. trade balances, reserve currencies, etc.

CORE ISSUE: The world uses a something-for-nothing ponzi scheme called central banking & debt money. It ends in exponential debt growth & currency collapse.

#Gold #PetroGold

• • •

Missing some Tweet in this thread? You can try to force a refresh

Keep Current with David Jensen

David Jensen Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!


Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @RealDavidJensen

May 19, 2018
1) @Gold_AntiTrust is frustrated James Grant doesn't know central banks manipulate #gold.

Ea day in London, 220M oz of unbacked gold debt instruments are traded primarily between bullion banks.

Est'd 500M oz open int. claims in spot contracts.

#silver gata.org/node/18244
2) In 1985, Larry Summers' paper identified neg. correlation w/ real interest rates "dominant feature of gold price fluctuations".

In 1987, Bank of England created the LBMA (90% of global gold trade ea day) trading unbacked paper #gold.

safehaven.com/article/42493/… @Gold_AntiTrust
3) Suppress #gold and interest rates can be suppressed (shut down gold alarm system). Lower int. rates cause speculation / mkt bubbles.

Bullion banks trading paper gold in London benefit fr. low rates w/ $100s billions profits & asset transfer since 1987. safehaven.com/article/34980/…
Read 4 tweets

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Don't want to be a Premium member but still want to support us?

Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal

Or Donate anonymously using crypto!


0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy


3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Follow Us on Twitter!