Looking at today’s Barrons reminded me of what I have been saying all along but kind of needed to be put into perspective and context. Silver and Gold are BOTH, still in Bull markets despite what some mining stocks are or aren’t doing. They had the table which they print every so often of Silver’s daily high and low closing price for each year from 1998 until Present. What jumped out at me(since I saved one from last year at this time) was Silver’s high price as of July 17th 2020 was only $19.37. After rallying from the March Covid crash bottom just under $12 to over $19 in 4 months it then went onto rocket anther $10 plus dollars in one month! to it’s over $30 intraday price. Why would anyone be surprised or shocked that silver has since been in a tight consolidation for a year since? Normal, minimal consolidation, holding the bulk of it’s gains while setting up for the next leg of it’s bull market! Forget the naysayers who try to tell you Silver (and gold for that matter) are in bear markets. You can pick any set of mining stocks and or ETF’s and make a case for bear or bull depending on which ones you choose. As I said in my recent post, “What Really Matters” the charts of the metals are still in bull market consolidations. I will keep an open mind if they break down and make the lower lows necessary to confirm a bear market, but I won’t be holding my breath waiting. Sooner rather than later they will be breaking out of these consolidation patterns and heading eventually to new highs for this move and later on to new all time highs. The miners will eventually follow but you still need to be selective. The metals are and have been in bull markets, just experiencing a year long correction after a huge leg upward from March 2020 until August of same.