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Adrian Day of Adrian Day Asset Management weighs in on the factors driving gold in 2024, explaining that the monetary side of the equation is the most important, but also touching on geopolitics, the upcoming US election and central bank buying.
Aside from that, he shared his thoughts on sentiment in the space, saying that the last remaining gold stock investors now seem to be capitulating. “I think this is going to change very, very soon, but more importantly it’s going to change very, very dramatically,” said Day. “But at the moment it seems as though investors are looking for the bad news.”
This interview was filmed on March 3, 2024.
#Investing #Mining #Gold
0:00 – Intro
0:29 – Recession coming, can’t be ignored
3:46 – Market and economy are not the same
6:26 – Geopolitics, US election, central banks
12:18 – What will make investors want gold?
15:15 – Franco-Nevada and Cobre Panama
19:29 – Capitulation in the gold sector
23:03 – Outro
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The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.
