Repeat after me: All markets are cyclical, all markets are cyclical, all markets are cyclical.
A good example of research for a simple, cyclical business
JAC_Simple Digressions Oct 25 2015 46 cents ENERGOLD
More here: http://prostedywagacje.blogspot.com/2015/10/impact-silver-cheap-stocks-but.html
Perspective on the mining market and gold: Van Eck Joe Foster Gold-Public-Monthly-Commentary-2015-10
And be careful, The Bubble in front of our faces………http://hussmanfunds.com/wmc/wmc151116.htm