In the back of my mind (going back to 2003/2004) I’ve always been worried that they might do to gold eventually what they did to it in late 1974 when they took it from $200 back down to $100 by early 1976. Please note that the end of 1974 is when gold futures trading was first introduced […]
The post PM Fund Manager: Cartel Attempting to Do to Gold What They Did in 1974 appeared first on Silver Doctors.
According to the Investment Company Institute, assets in institutional money market funds increased $17.19 billion to $1.69 trillion for the week ended on September 24, 2014. This was the biggest weekly increase in these money market funds in the last five months. (Source: Investment Company Institute web site, last accessed October 1, 2014.)
This is critical: when institutional investors sense the risk of a stock market sell-off in key stock indices, they tend to move their assets into highly liquid money market funds.
The sudden rush of institutional money into money market funds correlates with the National Association of Active Investment Mangers (NAAIM) Exposure Index below. It shows a
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