When gold recently moved above $1,000, the Aden Forecast presciently noted that the metals were overbought and forecast a "well-deserved breather" for the precious metals.

Now, despite the sharp setback in prices, Mary Anne and Pamela Aden explain, "Stay invested in the major uptrend, which still has years to run. Don’t get left behind or shaken out." Here is their outlook on metals and some favorite mining stocks.

"This metals and commodities bubble has a lot further to go. Why? Basically, the perfect storm has been gathering and it’s going to fuel a mega rise that will likely last for years to come.

"Most important is China and other growing nations, which are keeping demand and prices super strong. China’s growth has been astounding at over 9% each year for more than 25 years. This is the fastest economic growth in recorded world history.

"Demand for everything is huge and there’s no end in sight. This reinforces that the mega commodity uptrend will continue.

"Also important are spending, soaring global money creation, inflation, the falling U.S. dollar and international tensions. That’s the perfect storm in a nutshell. All these factors have come together at the same time, and they’re extremely bullish for gold, the other metals and commodities.

"Historically, during commodity cycles, bull market upmoves have averaged between 17-22 years. Currently, we’re only seven years into the current bull market, so this too reinforces that these rises still have years to run.

"A mega commodity rise is underway and most commodities have been swept up, which is fueling global inflation. Many wonder why commodities are rising with the U.S. practically in a recession and consumption down.

"This is the best proof that the world is growing in power and the U.S. no longer dominates the world stage. It’s truly a global market and the strong demand in raw materials from around the world, especially China, Asia and India, continues in spite of a U.S. slowdown.

"The biggest difference between the bull market today and the 1970s is demand (more buyers than supply). This is much more powerful. When the current bull market runs its course, it will be the greatest bull market in history.

"We see demand growing, a gold bull market that is seven years old reaching a record high, yet the public is not in the market yet and gold hasn’t been mentioned much in the financial press. This means gold fever still lies ahead. The almost 300% gold rise since 2001 is just the start.

"We got a glimpse of gold fever in 1979 when the gold price soared from $300 to its $850 peak in 20 weeks. That was a 183% gain in about four months. The upcoming gold run will likely make that rise
look like child’s play.

"With gold in a new era, many are asking, what is the likely forecast for the years ahead? If the uptrending channel since 2001 stays intact, gold would be near $2200 by 2012. Interestingly, this level in real terms is equivalent to the $850 peak in 1980.

"The 65-week moving average has been in identifying the major trend since 2001. Gold has stayed consistently above this average since August, 2001 and as long as it stays above it, now at $780, the major trend will remain up and prices are headed higher.

"Agnico Eagle (NYSE: AEM) is the ongoing best gold share followed by Yamana Gold (NYSE: AUY) and Goldcorp (NYSE: GG). Pan America Silver (NASDAQ: PAAS) is the best silver share. Hold your current positions and buy new positions gradually by averaging in over the coming months."