Part of the Stock Digest group of websites: Visit Tech Stock Digest  

Gold Equities Are "Insanely Priced" - Amir Adnani

 

Relative to physical gold, gold stocks are severely undervalued, said Amir Adnani, Chairman of GoldMining Inc.“Gold prices are the same level they were at in 2016, but the equities are maybe 50% lower than that,” Adnani told Kitco News on the sidelines of the PDAC 2018. “From my perspective, in terms of store of value, I think the gold equities are insanely priced right now.”Adnani noted that although a much higher gold price in the $1,400 range is needed to bring enthusiasm back into the gold exploration space, he remains optimistic in GoldMining’s ability to make accretive acquisitions in today’s price range.“Clearly, right now, it remains a window where you can be opportunistic and you can make acquisitions,” he said.

Subscribe to the RSD email list and get the latest resource stock activity directly to your inbox, for free.

MARKET SUMMARY

INDICES

Name Last Change
DOW 25090.50 0.34%
S&P 500 2779.66 0.10%
NASDAQ 7746.38 0.19%
TSX 16314.42 0.09%
TSX-V 754.40 0.00%

Resource Commodities

Name Last Change
Gold 1279.99 0.02%
Silver 16.52 0.24%
Copper 3.14 0.000
Platinum 884.50 0.28%
Oil 65.06 2.81%
Natural Gas 3.02 1.89%
Uranium 22.88 2.16%
Zinc 1.45 0.00%

@RSDigest ON TWITTER

Part of the Stock Digest family of websites
Small Cap Stock Digest