RE:EXKThere's a whole bunch of cash floating around somewhere, and gold will likely get more than its share as a ME war threatens. The next quandary is with POG higher why aren't the miners doing better?
Answer: The people who buy gold aren't necessarily the same as those who buy miner stock. The retail investor is shell shocked and hardly ready to pursue a new direction. It will take a while for the funds to take account of their new portfolio features and to come to the realization that higher POG means 2X higher miner earnings.
Of course all this creates a "golden opportunity" for gold funds to "stock up".