Gold Vs. Miners: The Wrong Question, Part I

``The question, therefore, isn't why the miners and funds are lagging gold. It's why does gold keep beating the equity? Why has it reversed the expected leverage, turning every 1% rise in gold mining stocks into a better than 2% gain since 2006...? And might it be that this "abnormality" is in fact critical to the underlying bull market in bullion?''