B2Gold Corp. (BTO.TO)

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.

The company has implemented extremely well. The risk is the Filipino political risk. His suspicion is that the risk is overwrought. He sees them bringing in a new mine in Africa which he likes an awful lot as well as the implementation skills. Feels that the gold equities market is a little overextended in the short term. If you own, he would recommend using trailing stops. He really likes this intermediate and long-term.

This has broken out of a long-term decline this year and is doing very well. He likes gold, because of negative interest rates. Gold is the only currency without a central bank. The trend on this is definitely up, but it is a very, very volatile stock, so adjust your position size accordingly. Maybe have a stop-loss. Around $2.30 should be a very strong support, and has potential of going to maybe $5-$6.

It generated 17% return on capital in the past which you don’t see in gold. A lot of gold companies have been going down over the last few years. This one turned earlier than anyone else. They are improving their return on capital which he likes.

Even at this price, he likes this company. They are turning on a deposit called Fekola that he really, really likes. It is going to surprise a lot of people to the upside. The operating results of this company continues to be good.

You own this for growth. Production is roughly 500,000 ounces now. They have a key asset that they are developing in Maui, which will take production over 800,000 ounces a year. This is trading at about 7-8 times cash flow, the low end of the West African range. There are names where you can find more near term prospects for cash flow growth. Also, on a Price to NAV, it is trading at 1.7X, which is above the 1.5 average. Probably ahead of itself.

(Market Call Minute.) Probably one of the better gold operators out there. The jurisdiction of their assets worries him a little as well as the cash generation.

Sold his holdings in 2011. Likes management and their properties, but feels there are better options in terms of where to buy. Prefers others.

Golds will lead the bullion. We have a downtrend that it is trying to break through. We will see resistance at $3.

Everything has shot up so much, that if this is genuinely a real economic recovery and China is not melting down, the stock market and the economy should do relatively well, and gold should come off again. The recent run-up is really just the nervous factor into what was happening in the stock market. He is completely neutral on gold at this point.

Likes what management bought before and their operations, but thinks they are going to have to raise money at some point. That might be why the stock is off. Exited about 80% of his position a few months ago. There are better stocks to play. Likes this longer-term, so there might be an opportunity on an equity issue.

He likes this company. Great management team. It is a management team that is misunderstood with regards to the pathway to production. They have as good a pipeline as any company globally, relative to the market capitalization. Has a superb track record of acquiring, building and operating mines. Probably the best in class as an intermediate growth producer.

Gold is just turning positive at the end of this week. By end of month the stock should turn positive also.

One of the few mid-tier gold producers that has got 2 high quality, high margin deposits coming on line. The 1^st one is in Namibia and the 2^nd is in Mali, which they are starting to bring in production now. Going forward, he thinks this represents one of the better mid-tier gold companies out there.

Has owned this in the past, but sold in 2011. He likes the company. Management is really good at picking up assets. They have a mine in Nicaragua and some in Africa. His company has this with a $3 target.