James Kwantes: Last Year Was Terrible; This Year I’m Optimistic

It’s a brand new year, but “the pain of the last few years still lingers,” says James Kwantes, editor of Resource Opportunities.

Speaking to the Investing News Network at the recent Vancouver Resource Investment Conference, Kwantes commented that despite the troubles of 2018 (and the potential for those troubles to spill over into 2019), he’s fairly optimistic about the year ahead.

“These things are cyclical,” he explained, “and it’s going to come — the upcycle is going to come.”

Kwantes believes gold is setting up well for the year, while the case for base metals remains bullish. Speaking further about gold, he said that the tie up between Newmont Mining (NYSE:NEM) and Goldcorp (TSX:G,NYSE:GG) could be “a bit of a headwind for the juniors in the short term.”

He’s also interested in tin, but is less keen on uranium right now, despite being a long-term bull.

“I cover one uranium name, which is NexGen Energy (TSX:NXE,NYSEAMERICAN:NXE),” he said, adding, “I guess I’d avoid other uranium names even though they probably will move … I’m sticking with what I think is the best deposit — highest quality, highest grade.”

In closing, Kwantes shared his best piece of advice for investors in 2019: “just follow the people — follow the best people, people with integrity who get things done and create shareholder value. That’s kind of my mantra for the newsletter.”

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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.

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