NEW YORK (TheStreet) -- Is it time to jump back into diversified mining stocks? Probably yes, if you are a long-term investor.
That is the view of veteran mutual fund manager Joe Wickwire.
Wickwire, who among other responsibilities manages the $300 million Fidelity Global Commodity Stock Fund (FFGCX), and the $1.1 billion Fidelity Select Gold Portfolio (FSAGX), says that there are two broad reasons that now could be the time to jump. The first is that the end of the commodities boom, or supercycle, seems to have alerted mining company managers to the need to be selective in how they produce and allocate capital. Eventually, he says, that should lead to supply cuts and better stock returns.
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