RE:Why?Don't know for certain the factor involved but a Marketwatch chart of the last three months shows AGI +6.9%, HUI +7.45%, POG +8.23%. What this small disparity suggests (if anything) is that USDX indicates growing concern over potential U.S. recession, and move in safe haven is stronger than market sentiment for buying mining stock.
This disparity becomes more significant however when factoring miners’ profit leverage to increase in POG, which historically was 3:1. Not sure what leverage ratio is now with higher costs due to inflation.
b.