The Gold Report: John Wilson, a senior portfolio manager with Sprott Asset Management, said recently that investors tend to get more comfortable with equity markets when equity markets are riding high versus when equity markets are riding low. What are your thoughts?
Adrian Day: That’s true; you see that in the broad market and in the gold market. The broad market has been a pretty steady move up from the middle of November until now, and yet all the way through the beginning of January the public was still very heavy sellers, not buyers, of equities. Then they started buying in January. … [visit site to read more]