MarketWatch/Andrea Riquier/10-12-2019
“It’s possible some investors are waiting for a good time to pounce on beaten-down stocks, but not likely . . .”
USAGOLD note: The article goes on to say that there is $3.4 trillion now sitting in money market funds – a 14% gain so far this year. Odd that money markets would be a beneficiary of capital flows at a time when interest rates are declining (not rising). Investors, it seems, are heading for the safety of the sidelines. Gold, though not mentioned, has also been a beneficiary of the trend in capital flows.
Image courtesy of the World Gold Council
