Insights

Silver Demand and Supply Trends to Watch

Silver Demand and Supply Trends to Watch

Silver, from a pricing standpoint, is historically undervalued relative to gold and offers an attractive investment opportunity. Silver market fundamentals are strong, given that declining supply trends cannot keep up with rising, longer-term demand. Post-COVID, silver demand is rebounding, led by industrial, jewelry and physical coin and bar investment. We are excited about silver's importance to green technology and de-carbonization trends like EVs. 

Insights tagged: John Hathaway

Putin’s Gambit

Putin’s Gambit

The price of gold has been treading water for 10 years while the investment fundamentals have improved dramatically. That is why, in our opinion, significant upside lies ahead for gold and related equities. Putin’s war introduces yet an additional reason to stoke investment demand for the yellow metal. It is not only war in the kinetic sense, but the reserve currency and cyber aspects that have far-reaching implications for gold. 

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Super Terrific Happy Hour Ep. 14: John Hathaway

Super Terrific Happy Hour Ep. 14: John Hathaway

Stephanie Pomboy and Grant Williams, hosts of the popular podcast Super Terrific Happy Hour, interview a true legend of the precious metals industry, John Hathaway of Sprott Asset Management. The three discuss the Fed, inflation, the financial markets and the outlook for gold bullion and gold stocks. 

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Waiting for the Pivot

Waiting for the Pivot

With Fed policy taking a more hawkish turn, the fire hose of liquidity that has fueled market mania is being turned off. At this moment, it appears that confidence in the Fed and attraction to gold are binary. Our view is that a position in gold offers a very favorable asymmetric risk-reward proposition on the possibility that confidence will not survive 2022.

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It's Show Time for the Fed

It's Show Time for the Fed

Overconfidence, complacency, recklessness and intoxication appear to characterize today's financial market zeitgeist. An unraveling of the market's speculative euphoria would constitute a near perfect environment for gold bullion and gold mining shares given that the fundamentals have rarely appeared more solid.

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“Nixon Shock” 50 Years Later, Remembering the 1970s

“Nixon Shock” 50 Years Later, Remembering the 1970s

John Hathaway and Bill Strong join Stephanie Pomboy to reflect back on the Nixon Shock, and draw parallels to today. Pomboy describes it best: "Marking an anniversary can often seem like a hollow perfunctory exercise but I'd say this time, that is definitely not the case. The 50-year anniversary of the Nixon Shock and the policies he outlined in his speech carry unique resonance today."

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You Gotta Have Faith

You Gotta Have Faith

June's gold selling was almost entirely a knee-jerk synthetic affair driven by algorithmic, headline scanning robotic macro funds. We believe the smackdown was a temporary reaction to the perceived change in the Fed's posture towards possible balance sheet reduction. In our opinion, gold and gold mining stocks are compelling buys and the investment rationale for precious metals exposure remains unscathed.

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Gold's Value in the Post-COVID Recovery

Gold's Value in the Post-COVID Recovery

Gold is on the rise again, as the market debates whether inflation will be transitory as economies recover post-COVID. Extreme volatility among cryptocurrencies like Bitcoin has also benefitted gold in Q2. Gold mining stocks are enjoying renewed activity as market participants recognize the free cash flow and profit potential this sector offers.

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The Gold Investment Thesis Revisited

The Gold Investment Thesis Revisited

Defensive investment strategies are few and far between. Fixed income, debased by artificially low rates, no longer passes muster. Selling volatility to generate income seems like a form of insanity. Gold is the obvious answer. Whether in physical form or precious metals mining shares sporting good dividend yields and trading at depressed valuations, this unwanted investment strategy will prove seaworthy for all conditions.

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One of the Greatest Bubbles in History

One of the Greatest Bubbles in History

The fate of the stock market and the outlook for gold are more intertwined than most realize. Gold has been performing well, but its outperformance is a well-kept secret. If a general bear market sets in, more investors will embrace gold and gold mining stocks. In the meantime, macroeconomic and valuation factors continue to build in gold's favor.

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Investors Won't be Able to Ignore Gold Miners in 2021

Investors Won't be Able to Ignore Gold Miners in 2021

In a recent interview with Kitco News, John Hathaway, Senior Portfolio Manager of Sprott Gold Equity Fund (SGDLX), said that with significantly improved margins, rising gold prices and healthy production, investors can't ignore the value currently being generated in the mining sector for much longer. 

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Gold's Nuclear Winter Has Ended

Gold's Nuclear Winter Has Ended

Tom Bodrovics, a host of Palisades Gold Radio, welcomes returning guest John Hathaway of Sprott. Hathaway says, “the setup for gold is so incredible. It's the best I've seen it in my 20 plus years of gold investing.” Hathaway explains why traditional portfolio weightings no longer work, given that bonds today are "return-free risk".  Gold can provide an alternative to bonds, and Hathaway explains how a relatively small move in the gold bullion price can have an outsized impact on gold miners' profit margins and the value of their stocks.

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Being a Doyen is a Good Thing, Right?

Being a Doyen is a Good Thing, Right?

Stephanie Pomboy and Grant Williams, hosts of the popular podcast Super Terrific Happy Hour, interview a true legend of the precious metals industry, John Hathaway. The three discuss Hathaway's storied career, how John's experience of multiple market cycles has helped him successfully maneuver the precious metals space and what he expects going forward.

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Gold, The Simple Math

Gold, The Simple Math

The current pullback in the precious metals sector is a buying opportunity. It is possible that gold and gold mining shares could continue to chop sideways-to-lower until the U.S. presidential election results are known and even into yearend as the implications are sorted out. We believe that now is the time to start layering in gold exposure, not when the rest of the world tries to do so.

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A Very Fat Pitch

A Very Fat Pitch

We believe that the macro forces for gold and gold mining stocks have coalesced into what may be one of the 'fattest investment pitches' of our time. A fat pitch is a momentary event, akin to catching a major trend change in the financial markets. Such opportunities do not come around often. They deserve serious consideration and expeditious response.

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Gold Mining Equities: The Perfect Setup

Gold Mining Equities: The Perfect Setup

Special guest speaker Carter Worth, Chief Market Technician at Cornerstone Macro, joins Sprott’s John Hathaway and Rick Rule, to learn why gold and gold equities are outperforming traditional asset classes right now. These respected industry experts share their current views on precious metals investing and discuss why both gold and gold stocks have significant potential to move higher, as the precious metals bull market continues to strengthen. 

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Gold Equities are on the Move

Gold Equities are on the Move

Ed Coyne, Senior Managing Director at Sprott Asset Management, and John Hathaway, Senior Portfolio Manager, share their views on gold bullion and gold equities. They discuss how the COVID-19 pandemic has changed the landscape and is supporting a rising gold market.

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Changing Monetary Places

Changing Monetary Places

Jim Grant in his May 15 Interest Rate Observer discusses gold mining equities with Senior Portfolio Manager John Hathaway, who opines: “Gold shares, in relation to bullion, are the cheapest they’ve been in his 20 years. What astonishes me—I’m an old value investor—is that so many companies are generating free cash flow, and it is not hard to find companies with free cash flow yields of 10% or better.”

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Secular Gold Bull Resumes with Force

Secular Gold Bull Resumes with Force

Gold is on the cusp of breaking out to all-time highs in U.S. dollars and has already done so in virtually every other currency. Gold mining stocks continue to lag the metal and, in our opinion, represent a compelling investment opportunity. The COVID-19 pandemic panic was merely the black swan that punctured a financial market asset bubble that took almost a decade to inflate.

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GOLD in the New Financial Landscape

GOLD in the New Financial Landscape

Sprott's Ed Coyne, Whitney George and John Hathaway provide in-depth analysis on gold and gold equities. The COVID-19 pandemic has created a new financial landscape, where returns from traditional financial assets, could be subpar for many years. By contrast, the crisis continues to highlight gold’s value as a safe haven investment.

 

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Point of No Return

Point of No Return

We think gold has been sensing the endgame for Keynesian policy prescriptions, mainstream economic thinking and hyper-leveraged investment practices....At the moment, mining company valuations appear extraordinarily cheap. It is one of the few industries that will report solid year-over-year earnings gains for the remainder of this year and perhaps into the next. Buying low is never easy but now is the time to do it.

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Systemic Risks Exposed

Systemic Risks Exposed

Last week’s selloff created an extraordinary buying opportunity. We believe that even a small, incremental increase in investor focus and capital flows will drive the low valuations of precious metals mining shares considerably higher.

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Sprott’s 20/20 Vision on Gold & Gold Stocks

Sprott’s 20/20 Vision on Gold & Gold Stocks

Gold began to shine in 2019 and continues to climb in 2020. We believe we are in the early stages of this gold rally, and discuss our bullish 2020 outlook and explain why investor interest in gold and gold stocks will likely continue to grow.

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No Way Out

No Way Out

Hathaway: "Going forward, unless the Fed continues to expand its balance sheet, it risks a meltdown in equity and bond prices that could exceed the damage of the 2008 global financial crisis....With continued advances in gold prices in 2020, the return potential for gold mining shares — the still unloved orphans and pariahs of the investment universe — should prove to be very compelling."

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Gold Investing 2020 with John Hathaway & Doug Groh

Gold Investing 2020 with John Hathaway & Doug Groh

John Hathaway and Doug Groh, Portfolio Managers of Sprott Gold Equity Fund, discuss the current dynamics in the gold investing space and our positive outlook for 2020. 

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Video: Gold's 2019 Breakout – It's Just Getting Started

Video: Gold's 2019 Breakout – It's Just Getting Started

Gold bullion has seen a double-digit YTD advance in 2019, and gold mining equities have also posted notable returns. Tocqueville Asset Management's John Hathaway and Ryan McIntyre join Ed Coyne, Senior Managing Director at Sprott Asset Management, to discuss their outlooks and suggest the optimal gold portfolio allocation for most investors.

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Gold: The “Third Rail” of Capital Allocation

Gold: The “Third Rail” of Capital Allocation

This Real Vision video features John Hathaway, Senior Portfolio Manager of Tocqueville Asset Management, being interviewed by Dan Tapiero of DTAP Capital. They take a closer look at gold’s recent breakout and explore why gold equities are so attractive right now.

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