VIDEO - Adrian Day: 2018 Will be Positive for Gold and Gold Stocks

Adrian Day discusses what he expects from the gold market in 2018. He also talks oil, copper and the junior resource sector.
Adrian Day, chairman and CEO of Adrian Day Asset Management, chatted with the Investing News Network at the 2018 Prospectors & Developers Association of Canada conference in Toronto.
Day opened the interview by reminding investors that gold performed well last year — in fact, it increased 13 percent. For the most part, Day was interested in looking ahead for gold and stated that “the main events for gold are interest rates, inflation and concern about other markets.” He then added, “all of these add up to a positive year for gold.”
While he noted that US Federal Reserve interest rate hikes and inflation have an effect on gold, he also weighed in on bitcoin specifically and how he sees it in relation to gold and gold stocks.
Day stated, “I think bitcoin has had much more of an effect on gold stocks, particularly junior gold stocks, because it is the same kind of investor who is buying junior gold stocks, bitcoin, marijuana — so it has been competition for that.”
He continued on to say, “for gold itself, I think it is very marginal. It’s definitely competition and it’s definitely a negative for gold, but to me it’s very, very slight.”
Day also shared his insights on the price of oil and its chances of reaching the $70-a-barrel mark, why he likes copper and his top three stocks in the junior resource sector.
Watch the interview above for more insight from Day, and click here to view our PDAC 2018 playlist on YouTube. The transcript for this interview will be added shortly.
Don’t forget to follow us @INN_Resource for real-time news updates!
Securities Disclosure: I, Nicole Rashotte, hold no direct investment interest in any company mentioned in this article.
Editorial Disclosure: 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.
MARKETS
COMMODITIES
Commodities | |||
---|---|---|---|
Gold | 1775.44 | -23.69 | |
Silver | 20.25 | -0.53 | |
Copper | 3.56 | -0.11 | |
Palladium | 2173.32 | -39.68 | |
Platinum | 936.50 | -24.50 | |
Oil | 87.48 | -4.61 | |
Heating Oil | 3.42 | -0.10 | |
Natural Gas | 8.59 | -0.18 |
DOWNLOAD FREE REPORTS
BROWSE COMPANIES BY SECTOR
- Agriculture Investing
- Phosphate Investing
- Potash Investing
- Base Metals Investing
- Copper Investing
- Iron Investing
- Lead Investing
- Nickel Investing
- Zinc Investing
- Battery Metals Investing
- Cobalt Investing
- Graphite Investing
- Lithium Investing
- Manganese Investing
- Vanadium Investing
- Critical Metals Investing
- Magnesium Investing
- Rare Earth Investing
- Scandium Investing
- Tantalum Investing
- Tellurium Investing
- Tungsten Investing
- Energy Investing
- Oil and Gas Investing
- Uranium Investing
- Gem Investing
- Diamond Investing
- Industrial Metals Investing
- Aluminum Investing
- Chromium Investing
- Coal Investing
- Molybdenum Investing
- Tin Investing
- Precious Metals Investing
- Gold Investing
- Palladium Investing
- Platinum Investing
- Silver Investing
- 3D Printing Investing
- Bitcoin Investing
- Blockchain Investing
- Cleantech Investing
- Cloud Investing
- Cryptocurrencies
- Data Investing
- Emerging Tech Investing
- Artificial Intelligence Investing
- Mobile Investing
- Robotics Investing
- Fintech Investing
- Gaming Investing
- Esports Investing
- Nanoscience Investing
- Graphene Investing
- Nanotech Investing
- Security Investing
Featured Precious Metals Stocks
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.