75 Likes 6 Dislikes
Mining stocks, particularly the juniors, are currently very receptive to good news and more sensitive to move on major events, compared to a year ago, according to Adrian Day of Adrian Day Asset Management.
“Most of the [junior stocks] are flat or even a little bit down, but if they have some news or discovery, they respond very, very well to that,” Day told Kitco News on the sidelines of the Mines & Money Conference in New York.
Although miners have underperformed physical gold this year, Day said that he expects this to change soon.
“Stocks will respond to good news, and that’s interesting, because 12 months ago stocks weren’t even responding to good news, so I think we’re beginning to see that turn,” Day said.
Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions.
Subscribe to our channel to stay up to date on the latest insights moving the metals markets.
For more breaking news, visit http://www.kitco.com/
Follow us on social media:
Facebook - https://www.facebook.com/KitcoNews/?ref=br_rs
Twitter - https://twitter.com/kitconewsnow
StockTwits - https://stocktwits.com/kitconews
Live gold price and charts: http://www.kitco.com/gold-price-today-usa/
Live silver price and charts: http://www.kitco.com/silver-price-today-usa/
Don’t forget to sign up for Kitco News’ Weekly Roundup – comes out every Friday to recap the hottest stories & videos of the week: https://connect.kitco.com/subscription/newsletter.html
Join the conversation @ The Kitco Forums and be part of the premier online community for precious metals investors: https://gold-forum.kitco.com/
Disclaimer: Videos are not trading advice and the views expressed may not reflect those of Kitco Metals Inc.