Stock price when the opinion was issued
He wants to be in the gold space. Everybody should have a little bit of gold component in their portfolio. Gold has been acting inversely to other assets. Chart shows a breakdown starting in late 2012 followed by a new bull cycle in late 2013. In Canada there are not a lot of places to own physical gold, but this is one of them.
(Top Pick Mar 18/14, Down 0.49%) This is all gold. If the market gets sloppy, the money will run into the gold stocks. He thinks we are fine here. Gold has the series of lows. It should have collapsed when the US dollar took off, but it didn’t. Gold is showing surprisingly strong performance considering the US$.
(Top Pick Feb28/12, Down 11.17%) He is holding it but running out of patience. Should start to get going in the next few months. Gold has held the TSX back over the last 12 months.