Augusta Gold (G.TO)

He would start to pick away at this one. It is in and around its bottom.

(Top Pick Jun 15/12, Down 30.01%) Got out and is waiting to get back in on weakness. This is the one that is going to outperform.

Not big on gold, but GoldCorp is the best run gold company in the world. Great management, great properties, and properties are in politically stable areas. Gold weakness probably has further to go.

Some of the reasons to own gold in the past, such as the global financial crisis, and fears of the US dollar falling to nothing or inflation running away have dissipated. And some of the reasons to sell gold Portugal, Spain. Italy have said they are going to sell their reserves to meet their financial obligations, Cyprus is already doing that. which will put pressure on the price of gold.

Not big on gold. A lot of the problems in the world economy are being resolved or have resolution in sight. Gold miners are totally dependant on the price of gold.

Premier senior and is the one he kept but as a 2.5% position. Has 3 or 4 years of good production growth and has free cash flow at these gold prices. We may be weak in gold over the summer and just get back to where we are now during that time.

Probably one of the favourite names on the street. Average consensus target price is around $40. If you have a penchant for some risk and you believe in the gold story of collapsing fiat currencies, etc. maybe take a 1.5% position in your portfolio.

All of the gold stocks haven’t done well. They’ve all had operational risks. The best time to get into gold stocks is when they are seasonally strong, July into the end of September.

Very well-positioned going forward. Great balance sheet, great management and good properties. There should be pretty good production uptake.

In his view, this is the best of the gold producers. Good growth profile. Good costs built around the original mine in Ontario.

Last year, July to September, it had a pretty nice run and he would like to target a 20%-25% return. You are absolutely right. Gold tends to do better at that time of the year. He prefers Yamana (YRI-T), which is a better run company and better production coming down the pipeline.

He has been having problems finding value investments. Gold is universally hated and the rule of thumb is to buy things when people hate them. A fine company but he owns Kinross (K-T) instead. Pays about a 2% dividend. (See Top Picks.)

Extremely well-positioned. Just reported stellar earnings. Management is doing what it needs to do. Cost of production continues to come down. This is one that pension funds are going to want some day.

Likes it and is a great way to play the large cap space if you are picking stocks. He is looking to add to his positions. Near 52 week lows. We should get a bounce soon. Problems in gold stocks are not going away any time soon (higher costs). Trading rallies are the best we can expect in the sector. Ultimately in the next 3-5 years he thinks the Euro will break up and gold will go higher.

Not doing well, relative trend is not positive. Take advantage from Jul-Sep. It has been basing on 52 week lows. It is substantially oversold. It is showing signs that it might base here.