Podcast
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 Chris MartensonMining 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.
There’s mounting evidence that the Age of American Exceptionalism is grinding to an end.
Demographically, in the U.S. (as well as many other developed nations), the prospects of the younger generations are substantially less than those of the Baby Boomers. The same is true socioeconomically as well; the wealth gap between the 1% and everyone else continues to accelerate.
What’s been the root cause of this slide towards greater and greater inequity? Can anything be done to reverse it?
Economist analyst and author Charles Hugh Smith addresses these core questions in his new book Pathfinding Our Destiny: Preventing The Final Fall Of Our Democratic Republic. Charles concludes that we are the terminal end of a multi-century process of centralization that is no longer working for society’s benefit:
Charles Hugh Smith: Preventing The Final Fall Of Our Democratic Republic
by Chris MartensonThere’s mounting evidence that the Age of American Exceptionalism is grinding to an end.
Demographically, in the U.S. (as well as many other developed nations), the prospects of the younger generations are substantially less than those of the Baby Boomers. The same is true socioeconomically as well; the wealth gap between the 1% and everyone else continues to accelerate.
What’s been the root cause of this slide towards greater and greater inequity? Can anything be done to reverse it?
Economist analyst and author Charles Hugh Smith addresses these core questions in his new book Pathfinding Our Destiny: Preventing The Final Fall Of Our Democratic Republic. Charles concludes that we are the terminal end of a multi-century process of centralization that is no longer working for society’s benefit: