2024 has come to an end, and in this month’s letter, we look back on last year and discuss what we can expect from 2025. The past year has been eventful, to say the least, and we’ve enjoyed a strong return in our funds. We’re grateful that so many of you investors are joining us on this journey.

News for this month | Elements, January 2025

• Outlook 2025
  Keep an eye out in mid-January when we release our Outlook for 2025. We’ll share our thoughts on the coming year and where we believe the price of gold and silver, among other things, will end up.

• Looking back at 2024
  Much of what we’ve been talking about over the past few years is now becoming a reality, and we look forward to the continued growth of the secular bull market for metals and miners- a trend we believe will last for many years to come.

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