He also shared his thoughts on when gold equities will finally move higher.
‘I think when companies start to report their second quarter earnings later this month, we’re going to start to see some very attractive cashflow numbers — better than the first quarter, and better than the year-ago comparisons,’ Day said.
‘I’ve got to think that investors, when they see two back-to-back quarters of strong cashflow numbers, are going to start to look at these companies,’ he added from the sidelines of the recent Rule Symposium.
Watch the interview above for more of Day’s thoughts on what’s next for gold and gold stocks.
Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
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