We believe the current economic recovery is a fake out and we remain in a bear market. Many of the small investors are on the sidelines, fearing a double dip, afraid they may lose the rest of their retirement and savings. This is contributing to small cap company liquidity problems which is keeping the price down. The corporate investors that have to put their investments somewhere remain invested, but volumes are below normal. Now it appears that the wealthiest of the wealthy are also worried about the market.
In an article by Steve Lodge, Financial Times, London, titled, Super-rich seen buying gold, selling hedge funds, Mr. Lodge gives survey results that show the rich are turning to ultra-safe havens in commodities, and gold in particular. Read the article below.
Full article here
No comments:
Post a Comment