Canada's TXS Venture Exchange in the world's largest market for exploration stocks. What happens there effects this sector across the globe.
IMO, and barring complete monetary and social collapse, the more dramatic the fall, the steeper the recovery. The only question is, when will recovery begin. Check the link below to see something about where we are now.
As you read this story, also recall that the last several decades have seen us experience both wider swings (between highs and lows) in markets, and shorter cycles in these events (the time between historical highs and lows).
If the past, then, is prologue, Wall street is setting up for it's worst fall ever, while the naturarl resources market is setting up for a dramatic recovery.
Some argue that this doesn't make sense, but the fact is as some markets fail, money comes out of those sectors and moves to the areas where recovery is most likely to be seen first. Wealth never completely disappears in recessions/depressions, it just moves to different places/pockets.
http://www.mineweb.com/mineweb/content/en/mineweb-mining-finance-investment-old?oid=261678&sn=Detail