Agnico-Eagle Mines (AEM.TO)

Historically, with an increasing volatility, stocks like this move higher. The period of seasonal strength for gold is around the middle of July through until around the beginning of October. Technically the stock is starting to show signs of bottoming, which is encouraging. Once the stock breaks through its resistant level that will confirm that the trend is once again moving upward.

This is his core holding for gold. They definitely deliver on performance. Have just acquired another company and it is nice to see management acquiring at this particular time. They are building this great leverage for when we do get a turnaround.

The core of his precious metals holdings. One of the few companies that has actually been making money through this period. What they have been doing is buying up the competition. Has a great financial leverage.

Gold companies are looking for opportunities to lower costs and stay economic. Lower gold prices have made it difficult for them. This one has been hammered during the past year and is trying to form a nice little base pattern. Gold has 2 periods of seasonal strength, July through to October, and the middle of December through to the middle of March. Watch for gold and gold stocks to move significantly higher on a seasonal basis.

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.