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RE: Gold Smart Money Sentiment 8/11/18 – Smart Money Sentiment Continues To Decline
Last week there was a major capitulation. Vanguard killed their Gold and Silver fund due to extended poor performance. They relaunched it as something like Cyclic Segments and only have a 20% allocation to gold/silver now. In June $2B flowed out of Gold/silver ETF's. At resource conferences the investors are depressed. I would say we are very close to a bottom.