imo, as more and more dollars get pumped into the system the prices of everything will go up (as they have for as long as I have been on the planet). Current liquidity problems are depressing commodities (along with a much needed bubble popping).
I tend to agree that gold/silver have a tough row to hoe in the short term, probably most of 2009, but unlike those who use pops as an opportunity to sell, I am using dips as an opportunity to accumulate.
Gold goes to 1300 in early 2010 imo, while the dynamics involved regarding silver probably cause it make a greater percent move.
Miners are pretty badly beaten up, but even they have a season of turmoil ahead. Again, I will use the dips as opportunities to add to positions, albeit I am also swing trading these stocks. i.e buying more than selling, but really just recycling profits in order to accumulate.
Time will tell who is right. So far, I seem to be right about 50.1% of the time, lol