John Hathaway
CFA, Senior Managing Director, Co-Portfolio Manager
John Hathaway, CFA, Senior Managing Director, Co-Portfolio Manager
Mr. Hathaway is a co-portfolio manager of the Tocqueville Gold Fund, as well as other investment vehicles in the Gold Equity Strategy. Mr. Hathaway also manages separately managed accounts for individual and institutional clients. He is a member of the Investment Committee and a limited partner of Tocqueville Asset Management (www.tocqueville.com). Mr. Hathaway began his career in 1970 as an Equity Analyst with Spencer Trask & Co. In 1976, he joined investment advisory firm David J. Greene & Co., where he became a partner. In 1986, he founded Hudson Capital Advisors and in 1988 became Chief Investment Officer of Oak Hall Advisors. He joined Tocqueville as a Senior Partner in 1998. Mr. Hathaway has a BA degree from Harvard College and an MBA from the University of Virginia.
John Hathaway Articles
“If I buy a gold stock, it’s because I expect the gold price to go up. Why then would I buy shares of a company that hedges the gold price?” Such concerns are the subject of frequent e-mails to the Tocqueville web page asking what exposure...
The investment case for gold centers on the notion that the over valuation and excessive supply of the US currency has funded a decade’s worth of uneconomic investment and unsustainable consumption. According to Professor Robert Mundell,...
At precisely 1:57pm on June 27th, 2001, a seller dumped 100 contracts (10,000 ounces) of gold on the Comex market. The transaction was noteworthy as to the amount and timing. It was the largest transaction by far that day and for several...
I invest in gold shares for a living. I manage a gold sector mutual fund.Despite this, I do not long for a return to the gold standard or wish to prescribe any particular solution for this or that economic ill. I am not as captivated as...
June 30 marked the second anniversary of the Tocqueville Gold Fund’s inception. Over that period, TGLDX has been the top performer in the Lipper Analytics universe of precious metals funds with a cumulative return of 15.71%. This compares...
Among the factors depressing the gold price in recent years, forward selling and other hedging activities have been prominent. Producer hedging has added as much as two years' of future production since year end 1996 to normal mine supply...
Bullion banks expanded their short position in gold by dramatic proportions in the fourth quarter of 1999. Gold derivatives outstanding increased by a record $24.2 billion to $87.6 billion, the largest quarterly increase ever. These...
The rapid pace of developments in the gold market prompts this summary of key milestones and their status:
Central Bank/Official Sector Selling: no longer a threat. Washington Agreement limits amounts to manageable numbers over next five...
Gold is poised to make its second significant move to the upside in less than a year. Gold shares and the gold price are in a deep funk, the same as the despondency that preceded the September 1999 rally of 30% from a twenty-two year low...
1999 was a successful year for the Tocqueville Gold Fund, which produced a return of 20.6% compared to a negative 7.8% for the benchmark Philadelphia Stock Exchange Gold/Silver Index, an outperformance of 28.4%.
