Looking first at resource sector sentiment, Martin, who also hosts the Jay Martin Show on YouTube, said he understands investors’ frustration with the performance of junior miners. That’s why for him it’s important to take a long-term view.
‘I don’t sweat the short-term volatility,’ he said, emphasizing that it’s important for market participants to be clear on what time horizon they are working with. Once that’s set, it becomes easier to enter the market at the right time.
‘When these moves occur, they occur really, really fast and sudden. That’s why you have to be the contrarian and build a position when nobody else is — because when the turn happens, it turns fast,’ Martin explained.
When it comes to VRIC, he said the main theme will be security of raw materials supply, which he sees as connected to the bigger trend of deglobalization. ‘We’re definitely in some kind of a transition of global power,’ Martin said.
He’s planning to bring together experts who can speak on those topics, honing in on the idea that the geopolitical chess board has been shaken up — he’s interested in hearing about where the pieces may land, especially when it comes to the US and China. Martin is also keen to hear opinions on the arrival of Silicon Valley money to the mining sector.
‘I think it’s a great time for patience in the market right now. It’s been a frothy 12 years in the equities market — a lot of new capital rushing in, FOMO buying, buying because your friends are, meme stocks. (There’s been) a lot of mayhem, a lot of craziness,’ Martin said in closing. ‘I feel that right now is the moment for investors to take their time, be patient and remind themselves that investing is a lifelong pursuit. It’s the same as fitness or nutrition. You don’t just eat well for a day and feel better — you have to build this into your lifestyle. And investing is exactly the same.’
Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.