For this week's live discussion at Inside the Market, we're talking gold with Kevin Maclean, senior vice-president and senior portfolio manager with Sentry Investments.
The gold sector fell out of favour this year, as earlier predictions calling for the decline of the U.S. dollar and a build up in inflation failed to come to fruition despite the Federal Reserve's stimulus measures continuing at full throttle.
Many gold miners faced an even worse year, with both juniors and majors such as Barrick suffering harsh price declines.
But is it time to revisit the gold sector in hopes of finding bargains as 2014 nears? Kevin thinks so, and outlined his bullish case for gold and provided his picks on the precious metals producers best poised to shine in coming months.
Kevin, who has more than 30 years of experience in fundamental analysis, is the manager of the Sentry Precious Metals Growth Fund. Its returns - like many other precious metals funds - have been miserable this past year, losing 50.4 per cent in the one-year period ended Oct. 31. Over the past five years, however, the fund outperformed many peers, returning 16.1 per cent versus about 8 per cent for the group average. The fund is the winner of nine Canadian Lipper fund awards for best risk-adjusted returns in the precious metals category. (Read more about Kevin and the fund's awards here.)
Some mobile users may want to click here for an easier-to-read format.
Darcy Keith