Thought Leadership

Monetary Tectonics

Monetary Tectonics

By John Hathaway on November 24, 2014

The “strength” in the dollar appears to have been the proximate cause of the recent selloff in gold. The rise in the dollar index (DXY) is taken by most to mean that the dollar is actually strong. The chart below shows the inverse correlation between the DXY and the dollar gold price. This discussion will …

Read More
Tocqueville Gold Strategy Investor Letter Year End 2014

Tocqueville Gold Strategy Investor Letter Year End 2014

By John Hathaway on January 15, 2015

It is a little-known fact that gold outperformed all currencies in 2014, except for the US dollar. In dollar terms gold declined 1.7 percent, but as the table below shows, it posted solid gains against all other currencies. While the dollar price of gold was essentially flat in 2014, highly negative media coverage created the …

Read More
Tocqueville Gold Strategy  First Quarter 2015 Investor Letter

Tocqueville Gold Strategy First Quarter 2015 Investor Letter

By John Hathaway on April 7, 2015

Gold and gold mining shares appear to be as contrarian today asin 1999, before a decade‐plusrun in which bullion rose nearly seven‐fold in US dollar terms. For those who are concerned that the financial markets are overvalued, we believe that gold offers an out‐of‐favor investment strategy with asymmetric and dynamic potential. For those who see …

Read More
Tocqueville Gold Strategy Investor Letter First Quarter 2015

Tocqueville Gold Strategy Investor Letter First Quarter 2015

By John Hathaway on April 7, 2015

Gold and gold mining shares appear to be as contrarian today as in 1999, before a decade‐plus run in which bullion rose nearly seven‐fold in US dollar terms. For those who are concerned that the financial markets are overvalued, we believe that gold offers an out‐of‐favor investment strategy with asymmetric and dynamic potential. For those who see the …

Read More
Sell The Rumor, Buy The News

Sell The Rumor, Buy The News

By Robert Kleinschmidt on June 17, 2015

Investors have been selling the rumors lately, inverting the old adage.  Rumors of a Greek default and a Fed rate hike have sent investors panicking for the nearest exits.  But, will they buy the news?  Who knows, but they should. I cannot think of two better advertised negative events than these, all the more so …

Read More

Mutual Funds

You are about to leave the Private Wealth Management section of the website. The link you have accessed is provided for informational purposes only and should not be considered a solicitation to become a shareholder of or invest in the Tocqueville Trust Mutual Funds. Please consider the investment objectives, risks, and charges and expenses of any Mutual Fund carefully before investing. The prospectus contains this and other information about the Funds. You may obtain a free prospectus by downloading a copy from the Mutual Fund section of the website, by contacting an authorized broker/dealer, or by calling 1-800-697-3863.Please read the prospectus carefully before you invest. By accepting you will be leaving the Private Wealth Management section of the website.