Most recently precious metals sector went significantly up:
Since bottoming in January 2016, the whole sector, represented by GDX, went up 60.2%. It was a furious movement, a typical behaviour clearing oversold conditions. Some easing is expected now but in the long-term this move means really nothing. Nothing at all - please, look at the chart below:
As the chart shows, precious metals market is way behind the broad equity market, represented by the S&P 500 index (lower chart).
What is more, the upper chart proves that precious metals miners stocks (represented by XAU) are standing at the levels seen in 2001. Simply put, the last move, while quite impressive in the short-term, in the long-term is totally meaningless.