Mayer, a senior portfolio manager at Sprott Asset Management USA, believes beaten-down gold stocks could have a change of fortune in the coming months.
Gold and gold stocks have been struggling a little, but Jason Mayer, a senior portfolio manager at Sprott Asset Management USA, believes the next few months could be different.
“[The gold sector], and the equities in particular … have been so beaten down,” he told the Investing News Network at the Sprott Natural Resource Symposium. “I think the macroeconomic environment is setting up such that these names could have a very good run over the next number of months.”
He added, “I just feel all the macroeconomic indicators and the level of complacency that’s in the general market is really near all-time highs.”
Mayer is in charge of a number of resource-oriented portfolios at Sprott, and he spoke at the show about how to choose small-cap resource stocks. Put very simply, his advice for investors is to consider a variety of metrics when selecting companies to invest in.
“From my experience … stocks move higher and lower for different reasons,” Mayer explained. “There’s different ways of looking at different stocks and there’s different reasons that they’ll go up — so why limit yourself to one criteria when stocks move for many different criteria?”
Watch the interview above for more of Mayer’s thoughts on gold, small-cap resource stocks and which niche commodities he’s interested in now. The transcript for this interview will be added shortly.
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Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.