Insights from Tocqueville - Page 13 of 14
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....
It’s the Spending, Stupid!

It’s the Spending, Stupid!

James Carville is famous for having saved the first Clinton presidential campaign by focusing his candidate on the most important issue of the day. “It’s the Economy, Stupid,” ensured that the campaign stayed on point. Now there is a new most important issue of the...
Is Gold Still in a Bull Market?

Is Gold Still in a Bull Market?

Since the Bear Stearns bailout at the end of the first quarter, the backdrop for gold has unfolded in a more positive way than almost any of its proponents could have imagined. The government takeover of the GSEs, the Lehman Bankruptcy, the disappearance of blue chip...