I’ll be happy when the mining shares “act consistently with the commodity prices.” The rig will fail at some point and gold-silver will go much higher … and so will the shares. I’ve seen it in the past and there’s no reason it can’t happen again.
As you mentioned the availability of funding is a prime factor with the juniors who have no income. If they hit big they are likely to get that funding even if conditions are tight.
Do you hold any mining shares? I was of the impression that you do. As far as safety goes then I’ll agree that physical is much safer than the shares and that one should have physical first.
Cheers