The gold and silver bull markets have been on a roller coaster ride for almost two decades. Gold came to life in 2000, with silver crawling along between $4 and $5 until late 2003, making its first print above $10 in March 2006.

The next two years saw the last part of a 400% up-move for those who "kept the faith," before silver dropped below $9 during the 2008 global financial meltdown.

Then it was up, up and away, as silver rocketed to nearly $50 by April 2011. By then, "everyone knew" it was going to $100.

A blogger announced he had sold his house to buy silver and advised others to do the same.

Silver's "sandpaper decline," 2011-16.

Holding physical metal was no fun, but some did have the courage to buy more, scale down. Mining stocks were a devastating proposition, with 80%-90% declines the norm.

The 2016 run up shocked just about everyone... Weeks and weeks of prices moving up almost in every trading session. Until June, that is. Then a two-year decline wiped out most of those gains and kicked to the curb more than a few long-term silver stackers who finally threw in the towel.

This writer understands how they – and you – feel.

I've been involved in the silver market since 1972 and have pretty much seen it all. I experienced it dropping from $50 an ounce in January 1980 and waited for 22 years to see it begin a new bull run from below $5 an ounce. I remember the euphoria of the near-$50 print in 2011. And, like everyone else, I've felt the pain since then.

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