Iamgold Corp (IMG.TO)

Not positive. Have been a lot of missteps operationally. Nice dividend yield. A lot of cap-X to keep up the mines.

Caller sold Puts and put the stock at $9. Does Bruce see the stock getting back to $9? Have had some cost overruns so they are looking at $850-$900 costs over the next year or two, which is relatively high. Thinks it will take a while to get out of the penalty box. You may have to hang on for 18-24 months to get your money. He would feel $9 would be his two-year target. He sold his holdings and has moved on.

(Market Call Minute.) Has not owned gold for some time and has been Short on many of the producers.

(Market Call Minute.) Really cheap right now. Definitely attractive but you are searching for a catalyst.

Gold sector has not been a good place to be. He’d rather buy the sector rather than individual names. Chart shows a big gap in the latter part of 2012, so something fundamental has happened. Clearly has a bit of a base building, so maybe the worst is over. He would rather average up on a stock. Before buying more, wait until you see a bit of a catalyst.

Technicals are not looking good. Stock just hit a new low and there are no signs yet of the stock trying to find support. If you own, consider looking for better opportunities elsewhere.

(Top Pick Feb 06/12, Down 49.73%) Large cost overruns. Stock down 20% when asset value dropped 10%. Thinks it is so oversold so he is thinking about it although you should not catch a falling knife.

Stock got slaughtered recently. Looks attractive. Cheapness certainly compensates you for any geopolitical risks.

Was up more than the group and gave it all back today. Guided lower for 2013. It over reacted.

The $1720 low for gold prior to QE, gold should not pull back below that point. If it does, sell IMG-T.

(Market Call Minute.) Possibly a Buy under $15. Cheap with an asset value of over $20.

Had a typical seasonality move and now you might want to consider taking some profits. It could come back and then take off again early next year.

Really good production growth coming but at this point you are playing gold for the overall sector. US$ is being devalued, central banks are pumping money into the system and this bodes well for commodities. Silver and gold have done extremely well in the short term. He recommends the senior producers such as Goldcorp (G-T) or Barrick (ABX-T). This company is not far behind. It is harder for the smaller companies to raise money right now.

Just did an issue, 6.75%- Oct/20. Rated high-yield. Lending to gold producers, you want to make sure they have diversified mines as well as being low cost producers. This company could eventually get taken over.

(Market Call Minute.) He would not Hold this one. Have some issues in Surinam.