"They really represent a gift here. We had such a big decline from 2011. A lot of those stocks lost 80 to 90 percent of their value," he said in an interview with "Closing Bell" on Friday.

"Then we had a nice rally in 2016 in the first half, a selloff in the second half. Now for 2017 we think gold stocks are going to be up a lot and also the bullion and silver."