It's been a miserable few weeks, months and years for gold. But the companies that specialize in getting that gold out of the ground are doing even worse.
On Friday, the Market Vectors ETF tracking gold miners (GDX) hit an all-time low since the fund began in 2006. And while gold's slide has something to do with it, gold miners have had a bad time of it even in relation to gold.
Back in mid-2006, the ETF was trading at about 6 percent of the price of gold. Now, that's more like 1 percent.