Insights from Tocqueville - Page 13 of 14

Tocqueville Gold Second Quarter 2012 Investor Letter

During the second quarter, the gold price declined 4.3% from $1,668 to $1,597. On a year to date basis, gold has appreciated 2.2%. Gold mining shares as measured by the XAU Index (PHLX Gold/Silver Sector Index) declined 9.7% in the second quarter and 11.9% on a year...
Gold, Gold Mining Shares, and QE

Gold, Gold Mining Shares, and QE

The protracted correction in gold and precious metals stocks that began in September 2011 appears to have ended.  Our conclusion is based on historically reliable gauges of sentiment, valuation and technical factors.  (We will publish the specific readings on these...
Tocqueville Gold Year-End Investor Letter – 2011

Tocqueville Gold Year-End Investor Letter – 2011

2011 was a good year for gold bullion, up 11.3%, but a tough year for gold stocks which declined 18.3% based on the XAU index of gold and silver stocks.  We addressed the reasons for the disparity between the performance of gold bullion and gold mining stocks at...
A Golden Mulligan

A Golden Mulligan

Few would dispute that the twelve-year (and still counting) bull market in gold has been the opportunity of this investment lifetime. Even fewer have participated. From its twenty-year bear market low in August of 1999, bullion has appreciated more than seven fold....