With base metals, most notably Copper, along with precious metals like Gold and Silver, breaking out to the upside lately, mining stocks have been moving up in tandem and climbing in relative strength rankings.
Base metal miner Lundin Mining (LUN.TO) for example jumped another 4 spots in the SIA S&P/TSX Composite Index Report yesterday to 18th place. LUN.TO exited the red zone last November and returned to the Green Favored Zone in December. Since then, the shares are up 19.7%, while the S&P/TSX Composite Index is up 5.0% over the same period.