Hathaway – Gold Price To Super-Spike As Physical Flees West

Wednesday, January 15, 2014
By Paul Martin

KingWorldNews.com
January 15, 2014

With continuing volatility in the gold and silver markets, today one of the great veterans of the gold world sent King World News an absolutely extraordinary piece which lays out the roadmap for a dramatic spike in the price of gold. There are also 5 unbelievable charts included. Below is the outstanding piece by John Hathaway of Tocqueville Asset Management.

By John Hathaway, Senior Managing Director, Tocqueville Asset Management
January 15 (King World News) – Gold Price To Super-Spike As Physical Flees West

Despite the painful decline in gold and gold shares that persisted throughout the entire year, we believe that the fundamental case for both remains strong. It seems to us that the correction has left the entire sector sold out and friendless. As contrarians, our experience has been that attractive investment returns arise out of such circumstances. We therefore encourage investors to maintain their commitment and wherever possible to add to positions.

At the current gold price, construction of new mines in most cases does not make sense. Therefore, future mine supply is jeopardized without a substantial and sustained rise in the gold price….

The Rest…HERE

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