Florian Siegfried, head of precious metals and mining investments with Zurich-based AgaNola, says there are small signs—fewer equities participating in the recent rally, greater spreads in the high-yield market—that the sentiment toward gold is changing.

Suffice it to say, the last three years have been very painful as an owner of gold.

Goldcorp Inc.’s third-quarter 2014 adjusted earnings (excluding one-time items) decreased 63.2% to $70 million or 9 cents per share from $190 million or 23 cents a share earned in the year-ago quarter.

Last week the gold market was ambushed twice in close succession – first by the Fed’s “everything is fine” statement (no-one can have been surprised by the well-telegraphed temporary end of “QE”) and then by the BoJ’s surprise assault on the yen.

The company posted net income from continuing operations of $210 million or 42 cents per share in the quarter, down roughly 50% from $419 million or $84 cents a year ago.

In this interview with The Gold Report, Gross argues that this could be the opportunity of a lifetime for contrarian investors, and suggests a half-dozen best bets in gold.