Energy is a significant cost of mining. When the ratio of the price of gold vs. the price of oil goes up, miners make more money and their stock values improve.
The following graph depicts the relative reduction of energy cost per ounce of gold mined. The same holds true for silver.
1st Quarter results will begin to reflect the lower cost of energy and Wall Street will hop on board early to ride the wave. The only caveat is if the manipulators are able to further suppress the futures price of the metal. Expect the unexpected.