Whilst the main market saw some chop across the day, there was some significant strength in the coal miners. Alpha Natural Resources (ANR) and Peabody Energy (BTU) closed higher by 2.7% and 2.8% respectively. Near term looks at least moderately bullish.
*note the trading volume, some rather interesting buy side interest.
Certainly, today's gains were significant - although gains were cut in the closing hour as the broader market weakened, but the broader trend - that stretches all the way back to 2011 (when commodities last saw a major peak), is still very weak.
If the main market unravels this late spring/summer, the miners will no doubt get smashed to new lows, and that probably includes the Gold/Silver miners too!