from King World News
As we near the end of August in what has been a wild summer for key markets, especially precious metals, what just happened in the oil market is stunning and it is benefitting gold and bonds!
Money Fleeing Oil?
From SentimenTrader: Money is leaving oil funds. The USO fund has lost nearly $300 million in assets over the past week, one of its worst losses in the past five years, and this isn’t even including Monday’s performance, which is likely to make it even worse (see chart below).