Colors red and green mix to make, what, blue? Mining stocks today may as well be blue, but at present are recovering nicely, just starting to move into green from deeply red earlier. They are being led by the XAU index. On that subject see this.

http://finance.yahoo.com/tumblr/photoset-bullish-wick-in-gold-miners-taking-place-at-114249058.html

EXTRACT:

"The chart above looks at the grand daddy of all mining index’s, the Gold/Silver Index (XAU). I like this index for a couple of reasons. (1)-It has been around since the early 1980’s, great for long-term perspective. (2)-It includes Silver mining stocks, which is a more in depth reflection of ALL mining stocks. (GDX only covers Gold mining stocks)."

Again, we are off a triple bottom in POG, and that's one of the very best signals ever in favor of rapidly rising prices, though sometimes exploration-phase mining companies are slow to keep up. When that happens, the effect is that of a rubber band streched to the breaking point, and then, historically speaking, explorers dramatically overshoot developers and producers.

Hold on.

VP