Before you can assess where you are going, it helps to know where you came from.  The PM’s have just had record rallies and a brutal correction in the span of the last year.  Gold suffered a 25% correction from it’s recent ATH and Silver 50%.  My top stocks for each metal, that I have repeatedly discussed and recommended over the last three years, are NEM for Gold & HL for Silver.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                From it’s low last April, NEM tripled from 45 to 135 and has now corrected 30% from that recent ATH, to 95 at last week’s low.  HL went up EIGHT & a half times from 4 to 34, and has since had an identical 50% correction to that of Silver itself.  So it HUGELY out performed the metal’s 4 fold increase but ONLY corrected the same 50% as Silver itself.  That’s what I mean about perspective and context.                                                                                                                                                                                                                                                                                                                                                    So that is where we have been, now for where we are going.  The fundamentals that led to those huge increases over the last year are still intact and one could argue are growing even stronger.  The TECHNICALS, for all you chartists and technicians, are BETTER than they were a year ago when this big move began.  The level of oversold and the sentiment, are in the sub basement.  Yes, damage was done in the SHORT term to the charts, but given the parabolic moves higher, that is to be expected.                                                                                                                                                                                                                                                                                                                                                                                            Rather than looking in the rear view mirror.  It is time to look forward.     Both metals approached their respective 200 day mvg. averages, but didn’t actually reach them(gold came very close) while my two best stocks, both stopped well above their respective 200 day mvg. avgs.  Could there be a little more downside or some sideways trading for a little while longer, sure that is always possible?                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  The point, getting back to where we have been and where we are going(context and perspective) is, that positions taken here, both in the physical metals and  of these two leading stocks, should be very rewarding a year from now.  Maybe not the same percentage gains as the last year(given the low levels available back then) but better than anything else one might choose to put one’s capital in, at this time.