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Peter Krauth, the editor of Silver Stock Investor, looks at silver s bull markets since the 1970s and discusses what he thinks lies ahead. There s no consensus on whether silver is in its second or third secular bull market since the 1970s. That s because people define bull markets in different ways. But as I ll show you, it s not that important. What we do know is that silver enjoyed a huge bull market from about 1971 until 1980, and then another major bull run from about 2001 until 2011. Most secular bull markets run through a period, usually about half-ways on the time scale, where the commodity s price falls by about 50%, sometimes more. This is an observation by the legendary commodities investor Jim Rogers. ....