The video this transcript is based on appeared on December 26.
NEW YORK (TheStreet) -- Economic improvement in the U.S., the Federal Reserve taper, central bank easing, and slow emerging markets growth are reasons for gold's poor performance in 2013.
Despite what the Zodiac calendar said, 2013 was the year of the bull. The S&P is on track for one of its top 10 finishes of all time. So, why did its counterpart, gold, perform so badly?
Here's a couple of bullet points that we need to take a look at here. Because the S&P didn't perform that well with tapering coming in and actual macro data improvement in the US economy, that certainly didn't help gold. We also have central bankers easing back a bit which is a concern in terms of inflation expectations.
And finally, emerging markets are not performing quite as well as analysts may have expected and these are three short term reasons why there was a problem for 2013. So the big key will be in 2014 can the S&P and the US economy continue the significant upturn that we saw or has gold finally found that support? The shorts have stopped coming in and we may have found a bottom here.
Written by Jill Malandrino in New York.
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