Mar 05, 2018 Guest(s): Adrian Day
Gold stocks are inherently volatile, and we are currently at a phase of undervaluations that presents a significant buying opportunity, said Adrian Day of Adrian Day Asset Management."If you're losing interest in gold, you don't want to get out at the low point, you want to at least wait until we have a high point and get out," ay told Kitco News on the sidelines of the PDAC 2018. "I think we're at a low point now that is equal to some of the best buying opportunities in the last 20 to 30 years."On cobalt, Day noted that the battery investment theme, and with it, related metals like cobalt and lithium, is a "bandwagon" that investors are jumping on without having a full understanding."The demand for cobalt is real, and the supply issues in bad places are real, but I'm not investing in it," Day said.