Craig Hemke at Sprott Money: Spot / futures price disparity reappears, this time with silver

Section:

11:25p ET Tuesday, May 19, 2020

Dear Friend of GATA and Gold (and Silver):

While the big disparity between spot gold and near-term gold futures prices seems to have closed, the TF Metals Report's Craig Hemke writes tonight at Sprott Money, a similar disparity has developed between spot silver and near-term silver futures prices.

These disparties, Hemke writes, signify a lack of confidence that metal is as available for immediate delivery as the "shills and apologists" for the fractional-reserve gold and silver banking system claim.

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Hemke writes: "Growing physical demand will stress the banks and their system to greater degrees, and the eventual collapse of this scheme will lead to a new pricing structure that is related to supply and demand of physical metal, not the supply and demand of digital derivatives."

Hemke's analysis is headlined "A Crisis of Confidence -- Part 2" and it's posted at Sprott Money here:

https://www.sprottmoney.com/Blog/a-crisis-of-confidence-part-two-craig-h...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org

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