| Tocqueville's John Hathaway Interviewed by The Gold Report | |
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SAN FRANCISCO, CA--(Marketwired - October 27, 2015) - Tocqueville Gold Fund Portfolio Manager John Hathaway has studied the past and he sees a bright future for those who have taken the precaution of protecting themselves from the downside of a general bear market by buying resource mining stocks when they are at historic low prices. In this interview with The Gold Report, Hathaway shares the names the fund is holding as ammunition for a better gold market. Included in this interview with Hathaway is: NOVAGOLD (NG.TO)(NYSE MKT: NG). The Gold Report: What is behind the current market prices, and what will it take to move prices higher again? John Hathaway: Adversity in the financial markets is the trigger that will force the general investment world to become interested in gold again. That is a nice way of saying it will take a bear market to push investors to gold. Monetary policy has forced investors into riskier assets -- including junk bonds and overvalued NASDAQ stocks. When the tables turn and people start experiencing losses, there will be finger pointing, starting with the Federal Reserve's nominal interest rates. That whole spectacle could balloon and cause conventional investors to throw up their hands and run for liquidity. TGR: Why did you recently compare today's gold market to the London Gold Pool of the 1960s when eight central banks worked together to try to maintain a gold price of $35 per ounce before the scheme collapsed? JH: It has been in the interest of public policy and the financial establishment to operate in an environment of zero or nearly zero interest rates, interbank lending rates and LIBOR. That is not unlike the manipulation that occurred in the 1960s. Gold rocketing to new highs would upset that whole scenario designed to… |
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VanEck Vectors Global Alternative Energy ETF
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PRODUCER |
CODE : NG.TO |
ISIN : CA66987E2069 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
NovaGold Res. is a gold development stage company based in Canada. NovaGold Res. develops gold, copper and silver in Canada, and holds various exploration projects in Argentina and in Canada. Its main asset in production is ABO in Canada, its main assets in development are ROCK CREEK (NOME) and GALORE CREEK in Canada and its main exploration properties are SEVERANCE, GALORE CREEK - COPPER CANYON and SADDLE in Canada and DONLIN CREEK, AMBLER, BIG HURRAH and SAN ROQUE in Argentina. NovaGold Res. is listed in Canada, in Germany and in United States of America. Its market capitalisation is 225.8 millions as of today (US$ 164.3 millions, € 150.2 millions). Its stock quote reached its lowest recent point on March 02, 2001 at 0.13, and its highest recent level on April 01, 2022 at 9.99. NovaGold Res. has 47 442 200 shares outstanding. |