Kitco News, Released on 1/30/23

Adrian Day, CEO and Chairman of Adrian Day Asset Management, provides his forecasts for 2023 when it comes to Fed policy, economic growth, inflation, stock markets, gold, and gold miners. He spoke with Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, at the Vancouver Resource Investment Conference.

0:00 – Recession in 2023
4:41 – FOMC Meeting
6:02 – Gold ‘pullback’
9:08 – Fed’s effect on real economy
13:31 – Stock markets
17:31 – Inflation and Fed pivot
20:39 – S&P 500 crash
21:37 – Gold forecast
23:48 – Gold portfolio allocation
24:46 – Gold miners
26:48 – What could change the forecast?
29:52 – Central bank gold buying

Adrian Day is the president of Adrian Day Asset Management. Mr. Day spent many years as a financial investment writer, where he gained a large following for his expertise in searching out unusual investment opportunities around the world. He has also authored two books on the subject of global investing: International Investment Opportunities: How and Where to Invest Overseas Successfully and Investing Without Borders. His latest book, widely praised by readers, is Investing in Resources: How to Profit from the Outsized Potential and Avoid the Risks (Wiley, 2010). Mr. Day is a recognized authority in both global and resource investing. He is frequently interviewed by the press, domestically and abroad. He is a popular speaker and frequently invited to lecture at financial conferences and seminars around the world. His pleasures include fine dining, reading (especially history), and the opera.

  Adrian Day, federal reserve, gold, inflation, precious metals