Despite continued weakness in the precious metals, Adrian Day told King World News that this will trigger a mania in the gold market.
Sentiment And The Coming Mania
May 2 (King World News) – Adrian Day, founder of Adrian Day Asset Management: “Sentiment is really incredibly, incredibly bad right now (in the gold space). This week we had another bank decide to get out of the Canadian resource sector, so sentiment is bad. And one of the reasons is the dollar. The dollar is in the longest bull market since the Reagan years. That to me is the biggest drag on gold because other things are relatively positive fundamentally for gold…
To listen to Doug Casey’s just-released KWN interview discussing his prediction of financial and economic chaos and a panic into gold CLICK HERE OR BELOW:
Certainly the lack of new discoveries, which you talked about many times on KWN, is a very real issue. And when gold does start to move, I think that is going to setoff a mania for any company that has a decent deposit — producing, developing or even exploration. But in the meantime, we really need the dollar to come down because that is the thing holding gold back…To continue listening to the timely KWN audio interview with Adrian Day CLICK HERE OR ON THE IMAGE BELOW.
***Also just released: Legend Connected In China At The Highest Levels Warned The Big Risk For America Is China Dumps Its Dollar Holdings, Igniting Gold CLICK HERE TO READ.
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