Okay, that's not news. But, the 27% fall of gold been one of the biggest stories of 2013.
How sad is gold? Were it a component of the S&P 500, it would rank as the fifth-worst performing stock in the index in 2013. That means if you picked any random stock in the S&P 500 out of a hat back on January 1, you had a 99.2% chance of beating gold.
Three of the S&P 500 stocks doing worse than gold in 2013 are Terradata (down 27%), Peabody Energy (down 31%), and JC Penney (down 46%). But, to add insult to injury for gold bugs, the one stock at the very bottom of the barrel this year is a gold miner. Newmont Mining is down 50% year-to-date. (more)
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