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John Kim: Violent price divergences between physical and metal futures prices

Section: Daily Dispatches

By John Kim
Tuesday, March 17, 2020

Violent price divergences are developing between physical precious metals and futures prices for the big four: gold, silver, platinum, and palladium.

Rapidly rising initial and maintenance margins into a collapsing global stock markets have undoubtedly caused forced selling of precious metals futures contracts. In addition, margin calls in both futures and stock markets have exacerbated further selling in precious metals paper derivatives markets outside of that caused by CME Group-raised margins.

... Dispatch continues below ...


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If one listened only to mass media financial journalists, one would believe that precious metal prices were collapsing. However, a fact hidden by mass media financial journalists is that a violent divergence between real physical precious metal prices and future contract prices is materializing right now, with even current year precious metal coins demanding ridiculous premiums of 25%, 38%, and 100%, and later-dated precious metal coins demanding even additional premiums over the ones just mentioned.

So if bankers smash precious metal prices in futures markets but it's impossible to buy precious metal coins at any price remotely close to the spot prices established in banker-controlled derivative markets, are the latter prices even real?

It's time for everyone tired of these massive, unnatural price divergences that happen in the real physical world and in the paper derivatives banking world to become his or her own bank by selling fiat currencies for physical precious metals. If every person did this, we could break the racket together.

Click on this link to learn more about the current explosive divergence in prices of precious metals:


John Kim is proprietor of SK Wealth Academy.

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