“During not-so-normal times like we have today, the flow of capital is what determines major market moves. Not supply/demand fundamentals. Not GDP, inflation, central bank policies. Not even price-to-earnings ratios, or corporate balance sheets or anything most analysts use to predict market movements. It’s capital flows, from one nation to another, from one stock market to another, from one savvy investor’s pockets to any investment that can help that investor get their money to safety, off the grid to a market that is liquid, that offers a decent chance at some type of return, and where preservation of capital is also of utmost importance.”
http://www.moneyandmarkets.com/putin-gold-and-silver-what-you-need-to-know-right-now-60797
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