B2Gold Corp. (BTO.TO)

(A Top Pick March 2/17, Down 3%) They brought in a deposit under budget which is really tough to do in west Africa. They generate an amazing amount of cash. Management has done a marvellous job of deploying cash and will continue to do so.

Clive is viewed as a builder. He would continue to hold it here and it plays well in this period of uncertainty on yields – gold will remain an important asset class.

As a general rule, gold moves with the US$, and the US$ has been getting hurt, but could change later this week once the US gets their budget in order. The principals involved have a pretty good track record, so this could be a good way to go.

Gold Stocks? He doesn't like gold miners or the way they look, and is neutral to somewhat bearish. There are 1,000 places he would rather be. The chart is showing a triangular type of consolidation. It could break out, but in order for that to happen, you need gold to bust $1350, and it is nowhere near that.

He really likes gold for this year. The stock has come back to life, which is great. It's the kind of stock that could go. It would probably take gold to go to $1400. It has to get up through $5 before he would really love it, but he likes what it is doing right now.

B2GOLD (BTO-T) vs Alamos Gold (AGI-T) He wouldn't buy neither of the two, but if he had to choose he prefers BTO-T. BTO-T is forming more of a symmetrical triangle with the bottom going up and the top going down. You can only buy this kind of stock on a breakout to the upside. Eventually it'll break down one side or the other. AGI-T is in a less favorable trend. The lows are more or less getting lowerish. He would only buy this if it broke out on the upside.

Seasonally, this has a history of bottoming around the 2^nd week in December, and moving higher through into March. Every year we get the PDAC conference in Toronto around the beginning of March. A lot of gold guys come in giving lots of good news, and gold stocks have a tendency to peak right around the time of the conference. The chart shows this has already formed a base and triangle pattern. A move above the triangle pattern will tell you that the period of seasonal strength has once again come into force. We are not there yet, but it will probably show up in the next 2 weeks.

Great implementers. They’ve done a fantastic job buying deposits, putting them in production and operating them well. Thinks the most recent one will surprise the market to the upside. They are enjoying good exploration results in Burkina Faso.

Gold seasonality is really from the end of July to the beginning of October, but it can also do well from December into February. There is an interest rate increase possibility for December in the US. If they do, it hurts gold. Has seen gold perform poorly in December until the end of December because of the tendency for the Fed to raise rates at the end of the year. Wait until the end of December before actually adding, and then let it run into Jan/Feb.

Had liked this in the past. At this point, it is probably a good idea. Back in their heyday of 2010-2011, they were earning a 17% return, which then plummeted all the way down to zero, and has now nudged its way back up to 5%. On a relative gold to gold basis, you have an improving return with a decent valuation. This is pretty good.

Gold stocks in general have a very strong period of seasonal strength, normally from the end of July through until the beginning of October. It started out positive this year, but lately has been going sideways to down. The problem is that we are running out of the period of seasonal strength, about 2 weeks from now. Continue holding the stock with the possibility that it might get to the top of its trading range, and you may want to take money off the table in the next 2 weeks.

It has strong seasonality from July to October. It worked last year, but not the year before. We recently saw an uptick during its period of season strength so there is a good chance it tests its resistance and if it gets above $4 it has a good chance to get to $4.70.

The growth profile is excellent. They have a franchise: They are very good mine builders. The asset they are building now is underappreciated by the market. This is a second tier gold name. (Analysts target: $5.10).

(A Top Pick Sept 8/16. Down 13.73%.) When gold goes down, gold companies go down too. There is nothing you can do about it. He still likes this.

Gold has a lot to do with the presidential election. Gold does very well when there is a spike in volatility. In the last 3 weeks, we have seen the VIX Index go from about 14% to over 22%. When you see the VIX going higher, that’s when you want to be in gold and gold stocks. This stock has established a downward trend. Wait for the stock to start to bottom at support of around $3.67. Seasonally the best time to be in gold is in the summer.