Enter multiple symbols separated by commas

Denver Gold Forum Attendees Share Bullish Buzz

The buzz at the Denver Gold Forum is decidedly bullish. The invitation only conference in the mile-high city brings together miners, investors and hedge fund managers including Victor Flores, Vice President at Paulson & Co.


Adrian Day, Chairman & CEO of Adrian Day Asset Management described the event as more crowded than usual, but not manic.

“What’s different this year is that there are a lot of generalist funds — not just the specialty gold funds,” says Day.

And those investors are most interested in one big question: will we get a major correction in the price of gold?

“Nobody is thinking that gold is in a bubble,” says Day.

But, if there is a correction, he says these investors expect to hold on and perhaps add to long positions.

With dozens of minor and mid-tier miners present, consolidation is another big question. John Doody, author of the newsletter “The Gold Stock Analyst” is focused on which companies could be acquisition targets.

What’s not on the agenda he says is hedging.

“Hedging is a dead issue that only media talks about. Not a topic here.”

Today, the majors are on the docket including Newmont, AngloGoldAshanti and Barrick.

Wall Street

  • Robert Shiller

    Nobel Prize-winning economist Robert Shiller says that his key valuation indicator is flashing warning signs.

  • Lael Brainard

    The Fed is in the early stages of an analysis on changes in bond market liquidity, amid signs that liquidity may be less resilient than in past.

  • Bill Gross

    Janus Capital acquired a majority interest in Kapstream Capital and said Kapstream's Palghat will support Bill Gross as co-portfolio manager of the Janus Global Unconstrained Bond strategy.