The typical pattern would be for stocks (including mining stocks), precious metals, and pretty much everything else to drop initially. Then the precious metals would diverge and go up. Next, the precious metal stocks would diverge and go up.
I believe homestake mining was the only mining stock during the great depression. It performed very well. What I don't know is whether any of that performance was due to production increases, being able to take advantage of other companies miseries, etc. Precious metal stocks also did very well during the inflationary 1970s. Since the PM stocks did well under deflation and inflation, Bernanke can screw it up either way and I am covered.