Market Vectors Jr Gold Miners ETF (GDXJ)

See his educational segment on Gold. Gold is one of the biggest exposures he has. He has no problem with this one if you want a little more risk.

He doesn't like gold, especally the juniors. Gold is a bad investment given the strong U.S. dollar.

Has experienced a lot of turmoil recently. It got so big that it became the tail that wagged the dog. The 1^st ETF he has ever seen that moved the underlying market, rather than the market moving it. The rebalancing to a median market cap of $2.8 billion, begins to call into question whether or not it is a small cap Index.

(A Top Short March 20/13. Up 45.70%.) (BNN said March 20 but we show it as April 29.-Bill.) Since then, there has been a split of 1 for 4. Covered his Short 2 months ago and just recently re-established his position. Thinks it is going to be very, very hard for gold to make a real rally. This index has a lot of Junior companies with very marginal resources spaces and they are not going to get the money for development.

(Top Pick Apr 29/13, Up 15.28%) SHORT. He got out. Junior gold companies needing capital need gold prices to be going up. He covered his position in September.

This time of year the stocks outperform the bullion. Junior golds are more interesting if you do catch the trend.

SHORT: A basket of junior gold names (75). Less than half of them have more than 10% of the market cap in cash. Most will never be built and will run out of cash and that is what makes it an attractive short. Uses as a hedge against gold positions. He would also get out of an additional position if he sees a lot of momentum this one.