This 3-day chart chart shows that silver is headed north.

There are some excellent silver producers on the board. I suppose my favorite is Silver Wheaton (SLW) because of the royalty income.

You will note that when the silver metal price moves higher, the stocks of miners will out perform. On the other hand, they under-perform when the price of the metal is falling.

That's simply because the market is pricing earnings, which will potentially increase faster than the metal price when the metal price is rallying.

I like to call them "Silver Crazies", but traders in silver are typically very close to the action of the market. So when precious metals enters a rally, it almost always shows up first in the silver stocks.

I've been underground in four silver mines earlier in my career. One was north of Great Slave Lake, and the others were near the Arctic Circle up by Great Bear Lake.

More than the silver I remember (i) the mosquitos (ii) the fantastic steak and egg breakfasts in the mess hall (iii) the starkness of the countryside " obviously well north of the tree line (iv) the fabulous Lake Trout fishing, and (v) the Walking Pneumonia I returned home with.

Oh, and one more thing.

That was the trip where the Merrill Lynch mining analyst (Jim Perrone) and I plus two or three others in management of that company got dynamited underground after we returned to the mine through a back entrance to where the miners had set their blasts following our departure. Maybe sixty feet away. Trapped in a narrow "man way", the blast flattened us immediately. I lost partial hearing.

That was in a mine the Texas Hunt Brothers had just sold after their attempt to corner the silver market had failed.

Maybe that's when I started calling these people the "Silver Crazies".