Amir Adnani, the chairman of Goldmining Inc. sat down with Kitco’s Daniela Cambone at the Vancouver Resources Investment Conference 2020. Adnani had some very interesting takes on gold. He says the price is higher but hasn’t reached its peak just yet.
“There are many factors and market uncertainties that could push gold prices higher, but many obstacles still remain before a breakout to the upside is imminent,” Amir said as gold prices edged up on Monday to $1,578.50 as of 9:57 am EST.
Is this gold rally for real? Adnani says he hasn’t heard a convincing answer as to why the gold mining stocks are not keeping up the price of gold as was the case in 2016. The sense of panic is no longer there, however, the gold price hasn’t even peaked yet.
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