Agnico-Eagle Mines (AEM.TO)

Likes this company, but prefers GoldCorp (G-T) and a couple of others that are more junior. You should be okay with this if you are taking a 1-3 year view.

(A Top Pick Dec 20/13. Up 5.29%.) A low cost gold producer. What he likes is that they are acquiring a lot of the competition. Well positioned to going forward. Cost of production is below $800, so they are actually making a lot of money in this environment. He has faith that the monetary madness we are going through will have its consequences. Gold is the ultimate money, not as a fiat currency.

(A Top Pick Dec 20/13. Up 5.93%.) Loves the operational performance of this company. It just doesn't show up on the stock. In their last quarter earnings, they reported a write-down on a lot of their CapX in Alaska. They are actually acquiring a lot of companies. Good management.

We have nothing, but problems with gold stocks. The price of gold, geopolitical risk, etc. If you like gold then buy the bullion. FNV-T is the only stock that has beat bullion. He holds gold bullion.

Gold has been in a bear market. If his scenario is right in terms of the US$, gold bullion will struggle here and certainly will not move higher because it trades opposite to the US$. A lot of these companies have to get their costs back into line. He would love to see this one come back more.

Great company. Extremely well-managed. A “go to” name in the gold space. He is constructive on gold, and is buying companies that have under performed, in order to get more leverage. This one will go up, but it is an expensive stock. It should be a core holding if you have a gold portfolio.

His #2 -ranked gold company in Canada. Have a great corporate philosophy as to where they want to site their mines. They like to put them in politically stable jurisdictions. Good growth. As newer mines come on, they should benefit as the price of gold goes up. A good place to put your money.

(A Top Pick July 20/13. Up 39.73%.) Thinks there is still a lot of room to go.

For the last 18 months or so, he has been particularly bearish on gold. Gold is getting to a point where it has been pretty well sold-out. Certainly a lot of the stocks are extended to the downside. If we are in a longer-term downtrend for gold, which we probably are, it doesn’t mean you can’t have great trading rallies. Doesn’t believe it will be more than a couple of month’s rally, so look at the best performing stocks in the group. This one is certainly acting better, and has based out over the last year. Detour Gold (DGC-T) is one you could look at for a trade.

Well-run business and very strong management team. Portfolio is in places that he likes, such as Canada, Mexico and Finland. Q1 saw very strong results from their Meadowbank mine, which gave a grade that beat expectations, but ultimately that grade bump is temporary as we will probably see it come off in the back half of the year. This is on the expensive side of the spectrum. Trades at probably 1.5-1.6 times on his fundamental net asset value. Likes their acquisition of Osisko (OSK-T), which will help their free cash flow, production and cost profile.

(A Top Pick May 31/13. Down 0.12%.) One of the better managed gold stocks. Still likes it.

Oct to May is seasonal strength so don’t step in now. It corrected and he expects it goes down to $16. The breakout was at $13 mid last year.

What he sees in these mergers and acquisitions deals is that companies are paying much too much for assets that they buy and later regretting it. That may be one of the things going on here. His feeling on precious metals is decidedly negative right now. You would think that with all the crises going on globally that gold would be going up, but instead gold is fighting to stay above $1300 and silver is under $20.

He is not a gold bug and owns no gold stocks at present. He has GLD, but is not excited about it. AEM and G-T are probably two of the best ones if you want to own gold, however.

If you need to own a precious metal you need one that delivers. This one has a great growth profile. It is THE company of size that benefits from the Canadian dollar weakness.