Tocqueville Gold Strategy 3rd Quarter 2017 Investor Letter

By John Hathaway – Re-Blogged From http://www.Gold-Eagle.com

Gold appears to have formed a solid base since bottoming at year-end 2015 at $1060.00/oz. Through 9/29/17, the metal’s price increased 11.10%, even after a sharp pullback from its early September 2017 high of $1355. As of September 30, 2017, the price stood at $1280.15, 20.75% above its low at year-end 2015.

In our view, gold and the precious-metals complex is in the early stages of a dynamic upcycle that will match or exceed the run from 2000 to 2011. Downside appears limited; the greatest challenge for investors will be to muster the necessary patience to hang on until the up-cycle becomes more assertive and evident.

[The charts in the 2nd half of the pdf are well worth the price of admission. -Bob]

Read the full article here. [PDF]

CONTINUE READING –>

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