CHART OF THE DAY: Silver Skyrockets to 12YR Highs

The narrative on INFLATION shouldn’t be what Mary Daly or Tom, Dick, & Harry at the Fed “see.” There’s an empirical answer that my 16-year-old son can give you by showing you a 5 year chart of Silver:

1. It bottomed WHEN the DEFLATION Cycle of the 2020 Pandemic was priced in at $11.77
2. It INFLATED +150% from there to the 2021 Mother of All INFLATION accelerations at $29.42
3. It then DISINFLATED (or crashed -40%) during the 2022 #Quad4 US Cycle Slowdown to $17.67

And this morning it’s inflating another +1% to > $34, which is +92% higher than when you could have bought bars and bags of it back then in 2022. I didn’t buy that Cycle Low, but I’ve owned it for the current breakout in INFLATION. Silver is at a 12-year high.