"The Worst Sentiment I've Ever Seen in 50 Years" | Adrian Day

"The Worst Sentiment I've Ever Seen in 50 Years" | Adrian Day

July 13, 2026 · 40 min

About this episode

Adrian Day discusses the unprecedented low sentiment in the gold-stock market after 50 years of experience.

Gold-stock sentiment just hit a level Adrian Day has never seen in 50 years of managing money, one day two weeks ago, not a single investor surveyed was bullish. Speaking with Kitco News at the Rule Symposium 2026 in Boca Raton, the Adrian Day Asset Management chairman said miner bullishness has collapsed to around 7%, against a typical 60/40 split. He calls it "the worst sentiment I have ever seen in my 50 years managing money in any sector at any time," and argues it has left the big produ...

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