I do not know of any sector valuation so low compared to miners to its metal price while the real price of gold at the highest level. real price of gold means the cost to produce gold is cheaper than ever.
What gives here???

The link provides ratio of BGMI to GOLD from 1940 to 2014 and ratio is at 0.565.
Currently the ratio stands at 0.2355. A significant drop from 2014.

At this level miners valuation to gold price stands at the lowest since 1950. WOW?????? Miners are the cheapest of any market.

https://www.goldbroker.com/news/gold-vs-barron-gold-mining-index-bgmi-498

BGMI to Gold ratio 1940