Gold & Silver Are About to Make MAJOR Moves?! This is What’s Coming Next!

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Adrian Day, the founder of Adrian Day Asset Management, returns to the show and we discuss the current trends and future prospects of gold, silver, and other precious metals. We also explore the emerging topic of central bank digital currencies and their potential effects on gold.

Adrian’s website: https://adriandayassetmanagement.com/

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► I am not a professional financial adviser, nor do I offer financial advice. This video is for entertainment only. Please consult your investment and tax experts for financial advice.

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Hello everyone thanks for joining and welcome back to Wall Street silver today is the founder of Adrien day Asset Management the man himself and my good friend Adrien day how are you sir well I’m fine thanks Ian how are you I’m doing really good and you know it’s the

New year it’s 2024 but there’s already so many crazy things happening in the economy uh people are really keeping a close eye on what’s happening with the Federal Reserve and of course precious medals what is your outlook Adrien for the start of 24 for the fed and precious

Medals yeah um very bullish as you know Ivan for the last sort of U 18 months and really even before that I’ve been a little more cautious and some of my colleagues and when the FED started tightening um my message was that gold would take off you remember there was a

Lot of concern why isn’t golden why aren’t golden silver moving more right uh um with inflation moving up and and I always said gold will really take off gold and silver will really take off when the FED signals that it’s pausing and pivoting before inflation has been conquered and we are exactly in

That position now you know f jerome Powell and the FED generally in their statement in their do lot and in Jerome Powell in his press conference uh two three weeks ago what mid December they could not have been clearer but we are not going to see more rate hikes M and

That we are going to see rate Cuts this year I personally was sort of a little bit taken aback but Powell didn’t at least sort of um you know push back a little bit right on the extreme optimism but he didn’t and and that’s that’s very

Telling in my in my mind so to me just a to summarize to me what I was waiting for is the Fed pivoting before they’ve conquered inflation and it’s very clear that we’re going to see rate Cuts this year and and it’s also very clear to me that

Inflation has not been conquered now is the market still a little bit optimistic you know after after poell spoke of the FED funds Futures was showing over 88% wow participants were expecting one or more rate cuts by March and I thought that was a that was a little bit

Optimistic yeah um but but now it’s at 66% 2third and and given that the FED members themselves in their dop lot a majority are calling for Ray Cuts in March I I I don’t think it’s um I don’t think that’s overly optimistic at all and what happens Adrian if it let’s say

Something like the 70 repeat where they cut the rates too early and then interest rate or and then inflation starts Rising rapidly again and then and then they’re caught off guard what happens if history repeats itself and what you know exactly what happens exactly what my answer is yeah

They’re going to cut they’re going to start cutting too soon and we’re going to have a repeat of the 70s which means we saw this exactly in the 70s of course inflation came down the FED stopped paused and then uh and and frankly in the 70s the PA was longer before they actually

Started to cut rates I think we’re going from raising rates to cutting rates in a very short period of time um you know this time uh and we’ll see we’ll see inflation start picking up again maybe in the second quarter but I would say certainly in the second half a lot

Depends on oil of course and oil because oil feeds into everything but all all the services in the in the stores I mean all the goods not Services um not just transport not just the obvious ones like transportation and um uh uh gasoline everything groceries everything yeah

Fees into everything and and there are a lot of um you know idiosyncratic factors that affect the oil price um including geopolitics of course so a lot depends on the oil price as to timing but I don’t think there’s much doubt uh but we’ll see higher infl we’ll

See inflation start to move back up um in the second half and let not forget Ivan even if inflation doesn’t move up from here by the fed’s own measure the measure that they themselves say this is the measure we like and they picked it of course 18 months ago when it was

Showing lower inflation than everything else was but their core pce they picked it because it was lower than a headline PC and it was lower than the CPI right but even by their own measure it’s still 60% above their own Target so there’s there’s they can’t

They can’t say we finish the job they cannot do it by yeah the the job’s not finished there’s no way because I mean like now we’re talking about the repeat of 1970 and what happens to gold and silver let’s say if 2024 comes uh we’re here rate Cuts come inflation picks back

Up again people rush to Precious medals for safety what what what what what happens to Silver and Gold what what are the heights that those prices can reach well for lots of reasons I always hate sort of forecasting particular prices especially as was it PT baram or someone

Said if you’re going to forecast a price don’t forecast a time but yeah that’s true you know to me gold is the standard so it’s more a question of how lows the dollar going to go rather than how high is is gold going to go um I

Mean my gosh I think when we see the break out which which may come as early as the second I think it’ll come as early as the second quarter I think we’re being a little optimistic if we’re looking for something next week but by the second quarter we see gold move

Above 2100 convincingly you know then I think it moves it moves fairly rapidly and fairly rapidly in my in my world is you know 6 nine months but it moves fairly rapidly to 2250 2300 right um which is which to me is staggering now if we see gold firmly above

2100 um and and similar for for silver if we see gold firmly above 2100 we’re going to see the XA stocks move up you know 20 30% wow easily and the developers and juniors you know selectively will move up much much more than that wow you were talking about I

Think silver if I may silver and Silver Star will catch up in that environment you you know and I’m sure all your people listening know um you know if you look at the last year gold has well outperformed the gold stocks and the gold stocks and silver are more or less

Equal but silver is well outperformed the silver stocks right and vir Junia silver stars are even you know the lowest of the pile if you look since let’s say the beginning of November when things turned then you see a bit of a different picture you see let me just

Make sure I’m getting this right this is in 2023 of November I’m talking just two yeah three months two months ago okay um uh so so for the last year gold has outperformed the gold stocks and outed silver but if you you just look in the

Last uh you know two months since go bottomed the junior silver miners are the top performer the sil miners of a second the gold stocks of a third um so the gold stocks have huge potential that’s the pattern you expect to see when when gold and we use gold

I’m using here gold generically for the whole monetary metal complex right all assets when when gold starts to move you expect the gold stocks to outperform and you expect silver to outperform and and that’s exactly what we’ve seen um Silvera hasn’t but but the silver stocks

Have um in the last uh you know two months and I I think we will clearly we will see that you know in the period ahead so I just wanted to let everyone know about our new sponsor Strategic Wealth preservation they are an international precious metals dealer and

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2024 comes hypothetically they cut rates uh the FED they’re trying to keep inflation down at the same time but what if Russia and Saudi Arabia or the Middle East they want to play their card they know the rates have been cut they want to drive inflation back up in us and

Kill the US dollar they cut oil production or something is that possib is that the geopol geopolitical risks with the the FED even cutting rates with them retaliating and trying to drive up oil prices drive up inflation sure sure and it could go both ways I mean one thing we should all focus

On you know with everything that’s happening in the world geopolitically today and then specifically with what’s happening in the gulf and the Red Sea it is astonishing that the oil price is not higher yeah that’s true I agree and when one thing I’ve learned in in in

Doing an investing over the last well you know since I started as a teenager so 50 years oh gosh let’s say 49 sounds better yes um is that when when markets don’t move the way you think they should something’s broken you should really look to see if there’s something that you’re ignoring and

So I don’t think I mean clearly OPEC is not very disciplined at the moment in cutting back on their demand on their supply right but I don’t think we can say that there’s been a huge surge of Supply that would keep the price down so is demand the question I’m asking I

Don’t have an answer but the question I’m asking is is demand may be a lot softer than we were thinking because again with missiles and with us warships being under attack and attacking in the Gulf you should be seeing a much higher oil price but you think hypothetically because the demand

Worldwide is not there because maybe just they’re not reporting the correct numbers on whatever is going on that that’s why oil prices is isn’t moving that’s a possibility wow there there’s something going on because because as you said oil should be higher right yeah way higher even I honestly think silver

And gold should be higher too there’s two wars in the world there’s you know the US dollar and all these tensions and yeah crazy but as we’ve discussed before gold and gold and silver really tend to move on a any kind of sustained basis right on monetary factors much less than

Geopolitical factors yeah you look back on the last 50 years um you know whether it’s um you know 911 or um all sorts of all sorts of um events Gulf War um the reaction in the gold market tends to be shortlived a lot of it is already built

Into the price I mean 911 was a shock and came out of nowhere I mean you know analysts can say it didn’t come out of nowhere there was this at the other but the market was not expecting it yeah yeah absolutely not expecting it the war

In the the first Iraq war it’s a little bit different we were expecting something and the second Iraq war we were expecting something so typically and with Ukraine there was all this chatter and I’m not saying that I definitely thought Russia would invade Ukraine I didn’t but but but certainly

There was heightened tension with the troops on the border so it wasn’t a complete out of a blue shock right um and so typically these geopolitical things you get you get tension building up before the event and so it’s already discounted to some extent in the price

So I think monetary factors are much more important but with oil we’re talking about the real risk that physical oil um is is prevented from getting to Market you know that’s a real that’s a that’s an actual risk that will affect the supply of the commodity like

Of what’s happening in the straight of harmo and everything in the Middle East like if they cut off 80 or 90% of the world’s oil shipments going through that straight then then of course that monetary policy would affect would affect gold or that oil prices yeah so there’s definitely a scenario looking

Ahead a few months there’s definitely a scenario where OPEC might decide to become much more disciplined in holding back a supply because they don’t like what’s happening in the US with the US dollar and US inflation that’s possible right um yeah yeah no it’s absolutely something we have to watch it’s

Absolutely uh crazy and it’s I’m so grateful to have you on come to Wall Street Silver and talk about everything Adrian we’re we’re going to keep a very close eye on what Powell’s going to do next uh and as the months develop I’d love to have you back on where could

People connect with you yeah the best way is um uh the website is www Adrian day.com Adrian day.com yeah perfect we’ll put a link in the description below so everyone can check out Adrienne’s website and if uh and yeah we would love to have you back Adrian as

I’d love to be back thank you I always enjoy these interviews Ian awesome talk to you soon everyone thank you thank you Bye