Correction as to Mining Indices - now up 3.2 - 5.2 percent.

BTW, the Fed suggested it will slightly delay possible rate hikes into September or later (from June). It's all words until the inflation they want actually takes hold. They ain't seen it yet.

This happens in every cycle - they wait too long to stimulate, then they are too slow to curtail inflation once it sets in. If history is any guide, we will see double digit inflation again, along with double digit interest rates. As this is happening, metals prices and mining shares will see explosive growth, because rising interest rates merely follow commodities prices to higher levels, until the Fed gets serious and finally chokes off that lead. ...but it takes them years, not months.

Good times ahead for this sector. Can't get much worse.