"Thomson Reuters’ Lipper service data showed yesterday that investors in U.S.-based funds removed $597 million out of commodities and precious metals funds in the week ended May 20, the biggest outflow since December 2013, showing negative sentiment towards the sector................................................................ However, the smart money continues to maintain allocations or accumulate positions. U.S. mining financier Oskar Lewnowski is preparing to launch a base and precious metals fund, sources have told Reuters. This is his latest step in recreating Red Kite – the famed trading and investment enterprise he co-founded a decade ago." http://www.goldcore.com/us/gold-blog/titanic-global-economy-may-collapse-warn-hsbc-gold-is-lifeboat/