SPDR Gold Trust

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

Shares Sold: 40.44 million
Decrease in Market Value: $10.24 billion

>>5 Toxic Stocks You Should Sell

Gold has been losing its luster in 2013. Heh, maybe that's an understatement. Since the start of the year, the SPDR Gold Trust ( GLD), the easiest way to get instant exposure to the yellow metal, has dropped like a rock. The $40 billion ETF is down more than 18% since the calendar flipped over to January. So it's another example of funds' chasing performance (or, rather, running from underperformance).

That's not to say that GLD hasn't done exactly what it was supposed to do -- it has. It's tracked the value of spot gold all the way down. And the funds have clearly had enough.

If you liked this article you might like

Ray Dalio Also Thinks AI Will Be a Killer Just Like Tesla's Elon Musk Does

The Toys 'R' Us Bankruptcy Filing a Reminder That Amazon Is Crushing Everyone

3 Tech Setups That Look Tantalizing

Cramer: Nvidia Is More Than Just a Pet Name

Tesla's Elon Musk Expects World War 3 -- Here's What He Sees as the Cause