Embry - Institutional Gold Holdings Will Increase 12 Fold

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/9/13_Embry_-_Institutional_Gold_Holdings_Will_Increase_12_Fold.html

Quant funds are shrinking

Not only are retail investors retreating from the stock market, but so are the "smartest-guys-in-the-room" quant funds. It appears the smart money lost big in 2008.

http://www.nytimes.com/2010/08/20/business/20quant.html?_r=2&dbk

With fewer retail and institutional participants, any liquidity-induced market rallies will be short-lived and shallow, in my opinion.