by JS Kim
Gold and silver have been on the forefront of financial news this year for their solid performance this year and deservedly so. However, we are only in the beginning innings of the next great leg higher in gold and silver and here are three charts to clearly illustrate this point.
Despite the extremely solid performance of gold and silver YTD, a quick glance at the multi-year USD gold and silver charts below clearly illustrate that gold and silver prices have not yet even recovered with a weekly close that exceeds the highs of 2015. Thus far, we should only interpret the rises in gold, silver and the PM mining shares as the first phase of RECOVERY in prices that will be followed by much greater rises in prices of all these assets as global Central Bankers continue to destroy the purchasing power of all digital and paper fiat currencies worldwide.