Gold Stocks Remain the Best Play Says this Expert

By Kitco News / February 01, 2018 / www.kitco.com / Article Link

Feb 01, 2018 Guest(s): Adrian Day

Gold stocks are undervalued relative to physical gold, said Adrian Day, president of Adrian Day Asset Management.
"[Gold stocks] have lagged, not just in the last six months, but they've lagged in the last several years," Day told Kitco News on the sidelines of the Vancouver Resource Investment Conference.
"To me, the bigger question is less of timing and more of selection; I think one has to be extremely selective in the gold mining space," Day added.
Despite preferring gold stocks over physical metal, Day said that the physical bullion should still be a staple in every investor's portfolio.
"Everyone should have physical metal first as as insurance," Day said, "but if you're asking me what's a better buy right now, I think it's the stocks."
On physical gold, Day said that the recent rally in the yellow metal is just the beginning. "It's only just begun," he said, "it will be natural to see some backwards and forwards over $1,300 [an ounce]; any psychological number causes a little bit of back and forth."

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