Adrian Day of Adrian Day Asset Management is a seasoned investor, speaker, author, adviser and fund manager. In this interview, Adrian says his fund is fully invested with their gold and silver allocation right now. At the same time, he shares the rationale for keeping dry powder for buying resource stocks in the future. Adrian puts the current poor gold stock sentiment and numerous mine build failures of the past two years in historical perspective. He discusses the winners and losers of gold producers’ Q2 earnings. Adrian also reveals what needs to happen for generalist investors to start buying resource stocks.
0:00 Introduction
0:32 “We’re fully invested with our gold and silver allocation right now”
2:46 Rationale for keeping “dry powder” to buy resource stocks in future
4:08 When does being too early mean you are wrong?
5:38 Gold stock sentiment in historical perspective
8:16 What will spur generalist investor buying in resource sector?
11:48 Gold producer balance sheets
13:18 Winners & losers from Q2 gold producers’ earnings
16:51 Failed mine builds in historical perspective
19:06 Zinc, nickel & aluminum demand & potential recession
21:46 Target buy price for oil stocks?
23:02 H2 biggest risk for resource investors?
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8 Comments
The kirkland portion of Agnico assets has electrified mine vehicles. I wonder if it's helping control costs? 14:03
Hi bill good luck , I blame the weak ass mining ceos that have done nothing such weak ceos. They are so weak and afraid of the banks.
Thanks Bill 👍👍
Go Gold 🥇🥇🥇🥇
I’ve been unprofitably investing in gold stocks since 2010.
It is hard for me to say I was "early" or "wrong" when Criminal Central Bankers have been CONVICTED of manipulating the prices of metals for years! See Chris Marcus of Arcadias Economics work on this, and his interview with Bart Chilton. Manipulation deniers like Rule have lost credibility.
https://www.youtube.com/watch?v=_jtQjAVVsp4&feature=youtu.be
Overloaded on gold/silver miners, once back to breakeven I will trim and go back into other sectors, this is too painful. 😥