Hecla with the Herculean Effort

Equities are still largely drifting in a bit today, with the action hinting at extended conditions combined with a holiday hangover. 

But the precious metals and their miners especially are beginning to wake up, with the notable weakness in Italy and Italian banks perhaps igniting a rotation into gold and her miners. 

As one of our Members astutely noted last week, Hecla Mining has been sporting a better chart than many other gold and silver miners. Specifically, many precious miners are below their 200-day moving averages whereas HL has been basing along its 50-day moving average. So, of just about all precious mining charts I have seen, this one is as impressive as any and certainly worthy of attention is the metals enjoy a further relief rally.

To be sure, gold and silver have more to prove before we can consider them "back" for a year-end rally and beyond. But getting our ducks in a row with the miners who have exuded relative strength during the autumn correction is imperative.