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The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Thursday, October 11, 2012 Barron's Likes a Gold PM After a two-year lull, gold fever is spreading again. Barron's "Focus on Funds" columnist Brendan Conway has given some online column inches to John Hathaway, the manager of the $2.5 billion Tocqueville Gold Fund, who predicts fresh highs for gold and metals in his latest investor letter. Conway says gold is booming as it hasn't in two years, with a 10 percent rise in its futures price last quarter. And he shouts out some of the gold funds that have been lifted by this high tide, including the SPDR Gold Trust, the Conway seems to approve of Hathaway's argument that gold is set to reach new dollar highs in the next year. He gives the PM the final word of his column -- the final two paragraphs, actually -- to launch a volley into the anti-gold camp, and explain why U.S. fiscal policy is unlikely to change in a way that will hurt precious metal prices. Hathaway's letter concludes with a rousing call to arms: "we find exposure to gold a strategic imperative." Printed from: MFWire.com/story.asp?s=41608 Copyright 2012, InvestmentWires, Inc. All Rights Reserved |