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Adrian Day of Adrian Day Asset Management discusses the outlook for the US economy, saying he continues to expect a stagflationary environment — in his view, this bodes well for gold and gold stocks.
“On average, gold stocks are up by well into the double digits — by 25 percent, 28 percent — during inflations,” he said.
This interview was filmed on March 7, 2023.
#Investing #Mining #Gold
0:00 – Intro
0:24 – Gold’s recent price performance
1:31 – The Fed’s path forward in 2023
4:24 – How high will the Fed hike?
8:41 – Don’t forget Fed’s balance sheet
12:27 – Trouble brewing for US economy
15:10 – Gold stocks poised to perform
17:35 – Keep an eye on central banks
19:02 – 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.
