Adrian Day: "Extremely Rare" Gold Stock Opportunity Won't Last

Adrian Day of Adrian Day Asset Management explains what factors are behind gold's price rise and why gold stocks haven't performed as well as might be expected. He also shares his thoughts on when they'll move higher.
"I think when companies start to report their second quarter earnings later this month, we're going to start to see some very attractive cashflow numbers - better than the first quarter, and better than the year-ago comparisons," he said. "I've got to think that investors, when they see two back-to-back quarters of strong cashflow numbers, are going to start to look at these companies."
Adrian Day's website: adrianday.com/
This interview was filmed on July 9, 2024.
#Investing #Mining #Gold
0:00 - Intro
0:25 - What's driving gold's price rise?
5:01 - Eastern buying, western selling
8:17 - Economy continuing to crack
14:16 - When will the Fed cut rates?
20:13 - Very rare gold stock opportunity
26:30 - 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.

[@InvestingNews]

❓Do you think gold miners' Q2 results will attract mainstream attention? Tell us in the comments!

[@InvestgoldUK]

Adrian is one of the rare ones who was there from the 1970s so understands the cycles better. Always worth a listen to.

[@feedbackolymp546]

I like to listen to Adrian Day. Thank you very much. Greetings from the bavarian Alps, Feedback

[@victorward3590]

Thanks Charlotte!

[@frankarena838]

Adrian Day is THE gold stocks man!! Thank you both.

[@derspreewalder2286]

Thank you Charlotte for the interview with Mr. Day and his expertise.👍👍

[@dassa0069]

Thank you Charlotte and Adrian.

[@Wolf9of9Odin]

What a treat to listen to Adrian Day and Charlotte! Very good interview! I'm very excited, the last 2 days an explosion in the miners!

[@johntynio3416]

Mr. Adrian Day, a 50% move upward in gold stocks is not enough for gold stockholders to even get their money back in a lot of cases! I don't believe the price of gold has risen in proportion to its demand this time around! If that starts to happen, it will be yet another great factor in price movement! Thank You Charlotte McLeod, Adrian Day, and Investing News!

[@KeepOnTheRightPath]

Mid-tiers are doing alright and I didn't buy at the bottom that's for sure. Fortuna Mining is but one example.

[@briangranger1741]

you must be talking about jr miners.

[@johntynio3416]

@@briangranger1741 Exploration Companies!

[@johntynio3416]

@@KeepOnTheRightPath Exploration Companies that can go stellar, have gone down to the cellar! But yeah, some bigger producers have inched up! Thanks!

[@briangranger1741]

@@johntynio3416 inched up?? LOL more like 50% + gains for me ( I bought last year)

[@brettbielawski9847]

Great informative discussion!

[@dorningarts]

Excellent as always Charlotte

[@KokayMate]

Excellent! Thank you Investing News.

[@jmwSeattle]

Wow you must be important to get an in person interview or is this some marvelous video simulation!

[@danoneill2846]

yep

[@dassa0069]

Royalty company earnings will be awesome for the current earnings period, period.

[@srenbruun7812]

Today he was gentle to you) Good)

[@dassa0069]

Are family offices selling their bullion ETFs to buy royalty companies and miners?

[@JHatLpool]

I hope so !

[@alexandermills382]

What is the name of the Gold miner he mentioned at 27:37?

[@frankyancy1347]

Agnico Eagle. I owned it 40 years ago...still one of the best. Also consider the other majors, GOLD, Newmont. And take a look at BTG, it has no debt building a major mine in the north, does have some mines in iffy places, but it's down from a high of $5 to 3. And pays a nice dividend.

[@Vokinov]

Please fix the persistent problem with sound in your recordings. Your voices are so distorted that they sound like they were generated by a synthesizer.

[@KeepOnTheRightPath]

Keep hearing we're in a multi-year gold bull market so why is he saying the opportunity won't last? Doesn't add up.

[@briangranger1741]

he means for huge gains like 75% instead of the 25% that people who wait till end of year will only get. pretty simple math.

[@DDoubleU8001]

It kind of makes sense. Because the gold/silver stocks right now are VERY undervalued relative to the current underlying metal prices. Once the gold stocks adjust upwards, such that they are fairly valued with respect to the metal prices, that will be a big part of their ultimate gains in the bull market. Maybe that move represents 2X or 3X in the next 2-3 years. Then after that, say there's another 2 years left in the bull market, for that time period, maybe they only rise an additional 30% - 50% as investors anticipate the end of the bull market. Of course I'm just making up numbers and timeframes as a rough scenario. So I think he's saying that you want to get in while mining stocks very significantly undervalued if you want to see some potentially massive gains.

[@briangranger1741]

@@DDoubleU8001 2x over the next 2-3 years is very realistic for some miners. anyone who is bullish gold should look into mid cap or large cap miners. Jr. miners is a whole other job and requires a lot more time and deep dive research. best to stick with mid cap and large cap who pay out 2% -5% dividends.

[@rickhayes-oh2zm]

buying it so they can sell gold when gold goes up. That is what India does

[@darinthesecularspiritualist]

Buying silver eagles is better than some digits saying i have some ownership of a mining company. The stocks trade in confetti.

[@abrahams.lincoln6749]

Powell will forever be remembered as another Arthur Burns. 🇺🇸

[@jerryantonies5334]

Investors in America (western) are still concerned about paper gold short manipulation. China has been taking delivery of the gold which is upsetting the administration because they are losing control of gold prices first time in 80 years. BRICS will control the price in the future. Looking at crashes in many investments gold to $6500.00 sooner than later.

[@desislavdinkov854]

I adore your interviews with mr Adrian Ray ,so sweet .Is there anything more sexy than beautiful smart women ?❤

[@trailguy]

A broad brush, maybe, but after you say the Chinese like to invest in gold you can certainly say they like to eat rice, lol. Some people might call it racist but it’s also correct, or at least generally true and in any instance a safe bet. More of them probably like gold and rice than the CCP.

[@rsouthworth]

Beers?