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: https://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

________________________________________________________________


Investing News Network (INN)

Find out more about investing by INN @
https://investingnews.com/

Browse our 2023 outlook reports:
http://bit.ly/3JHyR1M

Follow us Facebook:
  / investing.news.your.trusted.source  

Follow us on Twitter:
@INN_Resource

________________________________________________________________


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.