In this engaging episode, Andy from Adrian Day Asset Management explores the current economic environment and its favorable conditions for gold investments with his guest, Adrian Day. They discuss the weakness of the US economy, the potential for interest rate cuts, and the persistent yet controlled inflation. Adrian provides insights into the resiliency of gold prices, the strong performance of gold stocks, and the buying behavior of central banks, particularly the People’s Bank of China. He highlights the significant outflows from major gold ETFs like GDX and GDXJ despite their impressive returns, and addresses the lack of participation from ordinary North American investors. Furthermore, Adrian talks about the undervaluation of gold stocks, mentioning specific companies like Agnico, Fortuna, Helio Star, and B2 Gold. He emphasizes the potential of junior royalty companies such as Met, which he believes are poised for growth as they gain more market attention. Throughout the discussion, Adrian and Andy touch on various factors influencing the gold market, including the Fed’s policies, the state of the labor market, and the broader economic outlook.
For more information on Adrian Day: https://adriandayassetmanagement.com/ Follow us at: https://naturalresourcestocks.net/ Apple Podcasts: https://podcasts.apple.com/us/podcast/natural-resource-stocks/id1689449174 Spotify: https://open.spotify.com/show/0BJGmP8oztWBdsquqeELLh Follow us on X https://x.com/theandymillette
