Yeah, again, all I can say is WOW!

Mining indices closed up between 6.8 and 7.6 percent. Mining ETFs GDX and GDXJ rose 7.4 - 9.5 percent. Direxion Daily Gold Miners Bull 3X ETF (NUGT) rose nearly 22 percent.

On the other hand, many of the explorers I watch were in the red all day, with only a few moving into green at the last monents before the end of trading today.

This is how bull markets are born. Attention goes first to the producers. Explorers, then, can't be neglected for long. No matter that LBSR and some others were down today. In fact, TMBXF was pushed to a record low before turning green as the market closed. I am very sure most all explorers will soon be pushed higher despite what news they may or may not have in the short run. THIS IS A NEW MARKET!

Looks like that triple bottom in POG foretold this bounce, eh?

What was behind all of this? The Fed as much as said that they will not be raising interest rates soon, and would rather risk an inflationary policy than a delfationary one.

Good times ahead for this sector, IMO.

VP