By Tom Lydon:
Gold miner stocks are underperforming bullion prices to a degree seldom seen in the past three decades. Essentially, the spread between gold miner shares and spot gold prices is near a 30-year low.Gold has been stifled over the last two months and even dropped below its $1,600 threshold, with miner stocks and exchange traded funds closely mirroring the movements. However, miners surged Wednesday on heavy volume, lifting hopes that producers may finally catch up to the record run in precious metals.