Gold Portfolio Manager Names Top Stock Pick for 2019

Author: Frank Holmes
Date Posted: January 11, 2019 Read time: 3 min

Ralph Aldis, portfolio manager at U.S. Global Investors with over 30 years' experience, spoke with MoneyShow on his top gold mining stock pick for 2019.

Ralph Aldis, portfolio manager at U.S. Global Investors with over 30 years’ experience, spoke with MoneyShow on his top gold mining stock pick for 2019.

Ralph likes Wesdome Gold Mines, Ltd. because of its strong drilling results at one of its two mining operations in Canada. He is also impressed by the management team behind this company. Ralph says Wesdome “has continued to execute and put out good drill results” and that its Kiena Complex in Quebec “is starting to shape up to be a real gem.” Junior gold miners can be highly volatile to invest in, however Ralph believes that Wesdome is “geographically situated in a very safe jurisdiction and has a lot of prospectivity.”

Wesdome is a top holding in one of the gold funds Ralph manages – the World Precious Minerals Fund (UNWPX).  The fund seeks to invest in companies principally engaged in the exploration for, or mining and processing of, precious minerals such as gold, silver, platinum group, palladium and diamonds. Ralph has managed UNWPX for over 15 years and was named Best Americas Based Fund Manager by the Mining Journal in 2016.

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Please consider carefully a fund’s investment objectives, risks, charges and expenses. For this and other important information, obtain a fund prospectus by visiting or by calling 1-800-US-FUNDS (1-800-873-8637). Read it carefully before investing. Foreside Fund Services, LLC, Distributor. U.S. Global Investors is the investment adviser.

All opinions expressed and data provided are subject to change without notice. Some of these opinions may not be appropriate to every investor. By clicking the link above, you will be directed to a third-party website. U.S. Global Investors does not endorse all information supplied by this website and is not responsible for its content.

Fund portfolios are actively managed, and holdings may change daily. Holdings are reported as of the most recent quarter-end. Holdings by region in the Gold and Precious Metals Fund as a percentage of net assets as of 9/30/2018: Wesdome Gold Mines, Ltd. 5.05%, Alamos Gold 0.0%, Richmont Mines, Inc. 0.00%, SSR Mining Inc. 0.00%, Claude Resources 0.00%.

Gold, precious metals, and precious minerals funds may be susceptible to adverse economic, political or regulatory developments due to concentrating in a single theme. The prices of gold, precious metals, and precious minerals are subject to substantial price fluctuations over short periods of time and may be affected by unpredicted international monetary and political policies. We suggest investing no more than 5% to 10% of your portfolio in these sectors.

The Best Americas Based Fund Manager award is given by the Mining Journal, a leading publication for the global mining industry, as a part of their annual outstanding achievement award series. The award is decided based on fund metrics provided by Morningstar.