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At these levels I am buying HL and physical silver.  Please read this report carefully:  http://www.gotgoldreport.com/2011/12/got-gold-report-comex-futures-for-silver-near-extreme-bullish-levels-.html

I think mining stocks will benefit from this in the new year.  http://www.reuters.com/article/2011/12/21/uk-mfglobal-futures-idUSTRE7BK1E220111221

I have bought some HL.  Miners have been depressed but when people stop to think they may start investing in the miners instead of GLD, SLV and other paper assets.