Mining stocks have performed miserably over the past seven years, missing out completely on the central bank-created liquidity-fest that has raised nearly every other equity sector to record highs.
But the long winter of abuse is over, claims highly-respected mining analyst John Hathaway, co-manager of the Toqueville Gold Fund. To John’s veteran eye, the conditions in this beleaguered industry have improved substantially. Mining supply is tightening while demand is rising, and the surviving companies have achieved postive cash flows at today’s depressed prices.
Claiming that we are now past “peak gold”, Hathaway expects gold prices to move higher vigorously, propelling the shares of mining companies mutiples higher from where they are today.
John Hathaway: Things Look Very Bullish For Gold Mining Stocks
by Adam TaggartMining stocks have performed miserably over the past seven years, missing out completely on the central bank-created liquidity-fest that has raised nearly every other equity sector to record highs.
But the long winter of abuse is over, claims highly-respected mining analyst John Hathaway, co-manager of the Toqueville Gold Fund. To John’s veteran eye, the conditions in this beleaguered industry have improved substantially. Mining supply is tightening while demand is rising, and the surviving companies have achieved postive cash flows at today’s depressed prices.
Claiming that we are now past “peak gold”, Hathaway expects gold prices to move higher vigorously, propelling the shares of mining companies mutiples higher from where they are today.
by blaggers