from Gold Silver Worlds:
In his latest Gold Investment Letter, John Hathaway, Portfolio Manager and Senior Managing Director at Tocqueville Asset Management, writes that chances are high that the bottom is in for precious metals and miners. He admits not being 100% sure, rightly so, as it is impossible to predict a final bottom. The point is that all signs point to a lasting bottom and brewing strength in precious metals.
The most interesting statement in the investor letter, at least in our view, is the observation that tontrarian value investors are entering the precious metals market, both the metals and miners. That is a signficant evolution, and the most important sign of strength. Hathaway explains the rationale behind it:
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