My perception of recent charts of mining and explorer companies...

My perception of recent charts of mining and explorer companies is that mining is becoming stronger.  Particularly an uptick in small explorers which is a good sign because they carry the most risk in uncertain times, and won't drill unless they have some confidence in the future for commodities. 

India could be the dark horse that drives mining.

In contrast the mining services sector is still down, the likes of Maca, Decmil, Ausdrill, (not Boart because they are in the naughty corner).  I think this is expected because of the cycle delta (lag) between mining and mining services; ie mining initially increases before ramping up with increased employment from the mining services industry. 

Market seems asleep on this.  Also might explain why MLD (maca) price has held up after it announced bad news a couple of months a go.  Normally there would be follow through selling after negative news especially in an established down trend, but not always of course.   Shares of companies such as these could increase significantly after next round of their reporting.

Maybe Boart can ring the bell from six feet under after all.....