| 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 $35 per ounce before the scheme collapsed? JH: It has been in the interest of public policy and the financial establishment to operate in an environment of zero or nearly zero interest rates, interbank lending rates and LIBOR. That is not unlike the manipulation that occurred in the 1960s. Gold rocketing to new highs would upset that whole scenario designed to… |
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NovaGold Resources Inc
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PRODUCTEUR |
CODE : NG.TO |
ISIN : CA66987E2069 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
NovaGold Res. est une société développant des projet miniers d'or basée au Canada. NovaGold Res. est en développement de projets d'or, d'argent et de cuivre au Canada, et détient divers projets d'exploration au Canada et en Argentine. Son principal projet en production est ABO au Canada, ses principaux projets en développement sont ROCK CREEK (NOME) et GALORE CREEK au Canada et ses principaux projets en exploration sont SEVERANCE, GALORE CREEK - COPPER CANYON et SADDLE au Canada et DONLIN CREEK, AMBLER, BIG HURRAH et SAN ROQUE en Argentine. NovaGold Res. est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 1,3 milliards CA$ (1,0 milliards US$, 905,7 millions €). La valeur de son action a atteint son plus bas niveau récent le 02 mars 2001 à 0,13 CA$, et son plus haut niveau récent le 01 avril 2022 à 9,99 CA$. NovaGold Res. possède 321 649 984 actions en circulation. |