Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of precious metals miner Coeur Mining Inc (NYSE:CDE) jumped 11% today on a strong day in the commodity market.

So what: During today's trading, gold jumped 1.1% to $1,214.10 per ounce and silver  was up 1.4% to $16.94 per ounce, although the day's high was $17.31. After the market closed, management also gave its production update for the first quarter and reiterated its 2015 production outlook of 14.8 million-16 million ounces of silver and 294,000-323,000 ounces of gold.  

Now what: Any upward price movement would be good for Coeur because the company reported a loss in every quarter in 2014 and is expected to lose money the next two years as well. The reality is that a small move of a percentage point or two isn't going to bring the company up to profitability, even though the market is excited about it today. I would leave this move alone and wouldn't jump into miners unless there's a long move higher for precious metals, which I don't see coming anytime soon.