The gold price has pulled back after briefly breaching the US$1,950 per ounce mark at the beginning of the month, but Adrian Day of Adrian Day Asset Management believes its prospects look positive in the long term.
“I think gold is vulnerable to any negative (news) — whether from the Fed or someone else — any negative,” he said when gold was trading just below US$1,930. “But on a sort of three, six, 12 month basis, I think this move is very, very real.”
His optimism extends to gold stocks as well. “The environment is perfect,” Day explained. “Whether we have a stagflationary period or even a recession, people tend to forget that during recessions gold and gold stocks do well.”
This interview was filmed on January 29, 2023.
#Investing #Mining #Gold
0:00 – Intro
0:25 – Gold price and the Fed in 2023
3:37 – Current health of the gold juniors
5:07 – Gold sector needs to consolidate
8:56 – What should investors do right now?
11:06 – Perfect setup for gold, gold stocks
12:25 – Outro
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6 Comments
Thanks Charlotte, I hope that Adrian is correct……but it hard waiting for it to happen.
Thanks Charlotte for the interview with Mr. Day.👍👍👍
Adrian one day or another gold will go up
What's G & A?
This guy makes sense…
Uploading interviews from 2 wks ago? 😯