RE:history of gold mining shares during "bad markets"The big run-up is over, ER went from $0.20 to $2.20 during the run, that is a 1100% increase! Gold has bounced off the $1200 mark three times in the past 1.5 years and the subsequent highs have been lower. I think gold will bounce around the $1200 for about another year then settle around $650 till the next financial meltdown happens. Just my thoughts.