'Blood in the Streets' Gold Miner Play Could Pay Off Big

Haters gonna hate, politicians gonna lie, and gold bashers gonna bash. The third of these homespun truisms has never been more prevalent then of late, as nearly every pundit I've heard these days is ready to toss the metal, and miners, out like a red-headed stepchild.
Year to date, gold prices have admittedly been dismal. So far in 2013, SPDR Gold Trust (NYSE: GLD) is down more than 28%. Mining stocks have fared even worse.
Year to date, Market Vectors Gold Miners (NYSE: GDX) is down 54%. That's the worst performance in the sector since the widespread equity meltdown of 2008.
The chart below shows the fund trading well below both the short-term, 50-day moving average and the long-term, 200-day moving average. In fact, GDX now trades just slightly above multi-year lows.

So, what's made gold and gold miners such an unappealing trade this year?  (more)
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