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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.

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MARKET SUMMARY

INDICES

Name Last Change
DOW 26405.80 0.60%
S&P 500 2907.95 0.13%
NASDAQ 7950.04 0.08%
TSX 16149.92 0.29%
TSX-V 714.45 0.00%

Resource Commodities

Name Last Change
Gold 1202.94 0.05%
Silver 14.24 0.07%
Copper 2.71 0.000
Platinum 822.50 0.36%
Oil 71.12 1.79%
Natural Gas 2.91 0.86%
Uranium 27.33 0.00%
Zinc 1.09 0.00%

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