Replies to post #1003 on Sandstorm Gold Ltd (SAND)

[JohnCM]

SAND is a buy right here and a "no brainer" under $4.00

Adrian Day: 'Gold Could Stabilize In The Near Term'
Tuesday December 31, 2013 11:20 AM

Gold may stabilize and start rebuilding in 2014, says Adrian Day, president of Adrian Day Asset Management. Equities soared in 2013, while gold fell sharply. “In my view, the risk for 2014 is a reversal in both markets; we are positioning ourselves, albeit early, for those turns,” he says in a portfolio review. He cites potential positives for gold, starting with global monetary policy that remains accommodative, with low interest rates. “Now that tapering (of Federal Reserve quantitative easing) is under way, and the uncertainty partly removed, perhaps gold can finally stabilize,” Day says. “As importantly, debt levels in major economies—the U.S., Europe, and Japan—remain extremely high and continue to rise.” He comments that the pace of selling from exchange-traded funds has slowed, physical demand in China remains strong and India’s currency is recovering, making gold more attractively priced in that market. “And sentiment for gold is at record lows, a positive sign for a contrarian,” Day says. He later concludes: “Though we should not expect a dramatic price reversal after such an extended decline, gold could stabilize in the near term, and slowly begin a recovery, albeit in fits and starts, over the next several months. A dramatic increase could come later in 2014 or 2015.”