Stockchase Opinions

Bill Carrigan Mentor Corp. MNT-N TOP PICK Apr 02, 2015

(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$.

$16.000

Stock price when the opinion was issued

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(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.

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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.

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This is backed by physical gold receipts – not even an ETF. It holds physical gold at the Canadian Mint in Ottawa and should be uncorrelated to the rest of your portfolio.