“We’re Fully Invested with Our Gold and Silver Allocation Right Now” says Fund Manager Adrian Day

Adrian Day of Adrian Day Asset Management is a seasoned investor, speaker, author, adviser and fund manager.  In this interview, Adrian says his fund is fully invested with their gold and silver allocation right now.  At the same time, he shares the rationale for keeping dry powder for buying resource stocks in the future. Adrian puts the current poor gold stock sentiment and numerous mine build failures of the past two years in historical perspective. He discusses the winners and losers of gold producers’ Q2 earnings. Adrian also reveals what needs to happen for generalist investors to start buying resource stocks.

0:00 Introduction

0:32 “We’re fully invested with our gold and silver allocation right now”

2:46 Rationale for keeping “dry powder” to buy resource stocks in future

4:08 When does being too early mean you are wrong?

5:38 Gold stock sentiment in historical perspective

8:16 What will spur generalist investor buying in resource sector?

11:48 Gold producer balance sheets

13:18 Winners & losers from Q2 gold producers’ earnings

16:51 Failed mine builds in historical perspective

19:06 Zinc, nickel & aluminum demand & potential recession

21:46 Target buy price for oil stocks?

23:02 H2 biggest risk for resource investors?