There are still mining companies out there that are profitable, with rising production, trading at PE's less than 10-15, that still haven't realized the earnings that the gold/silver price are giving.  For now I'd rather be in those than the general market with historically elevated PE's, consumer debt at historic levels, political instability in the world, etc, etc, etc.  There will be bumps along the road but I don't see gold/silver prices trending down over the next year or two.......  some of these well-run mining companies are literally printing money, and at an increasing pace, right now.  We will see how things all play out! Interesting times!