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John Hathaway: A momentous period for gold, weeks where decades happen
10:40a ET Thursday, July 14, 2016
Dear Friend of GATA and Gold:
In his investor letter for the second quarter, Tocqueville Gold Fund manager John Hathaway writes: "We have entered a momentous period for gold: 'weeks where decades happen.'
"The rewards of gold exposure, in our opinion, promise to be of historic magnitude. At such a moment it would be counterproductive for investors to dwell upon issues of market timing. Gold is extremely underowned, and therefore likely to react dynamically to even modest inflows. Despite strong recent gains, we believe that the current alignment of political and economic factors is unusually compelling. In our view, substantial gains lie ahead."
Hathaway's letter is posted at the Tocqueville Internet site here:
http://tocqueville.com/insights/gold-strategy-investor-letter-2Q16
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
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