I am starting to feel very bullish about junior mining companies, more bullish than I’ve felt for a long time. Several factors suggest to me we could be set for a very nice run here.

Editor’s note:  The commodities boom has a long way to run, says Dominic Frisby in Money Morning.  Mining companies are pushing steel prices higher and higher. There’s no futures market for iron ore, so speculators aren’t to blame for this one. Mining companies are raising prices because their shipping costs are going up.

As the credit crisis, a weakened dollar and rising US inflation continue to favor precious metals, more and more savvy investors are considing investing in a silver ETF as a way to play the situation.

However, Ben Bernanke’s newfound concern about the strength of the US dollar this week has hit gold and silver prices, and according to Kitco Casey’s Daily Resource, prices could tread water in the coming months.

Money Week, however, remains bullish about precious metals, despite the recent slide in prices.