By Matthew McCall
Benzinga
After a decade of gains for the gold, the precious metal is setting up for its second consecutive negative year. The SPDR Gold ETF is down 26 percent year to date and yesterday traded at the lowest level since July.
While the losses for GLD look bad considering the gains in equities, the gold mining stocks are taking an even bigger beating. The Market Vectors Gold Miners ETF (NYSE: GDX) is hitting a new five-year low and is now down 53 percent in 2013. The looming question evolves around where the bottom is for the mining stocks.