I'm afraid that the miners are building in much too much positive sentiment. For example, yesterday, the POG went up about as much as it dropped the day before, but the prices of the miners went up much more yesterday than they dropped on Monday. When there is a stall, or a reversal, in the POG, I think that sentiment is going to be reversed, with nasty effects on the miners' prices.
Hard work often pays off over time,
but laziness always pays off right now.