Mike S. Newton, CIM FCSIRoyal Canadian MintMNT.TOCOMMENTMay 22, 2020

Gold is a real asset that has retained its value best since the time of the Romans.  Inflation is increasingly likely to rage again the longer the conflict in the Persian Gulf persists.  A weakening US dollar could accelerate the move.  The recent pullback in bullion prices makes this a good time to re-enter or add to gold holdings.  MNT holds 250,000 oz within the Royal Canadian Mint and charges a low holding cost (MER of 0.35%).  We recommend setting a stop-loss at $48, looking to achieve $78 -- upside potential over 18%.  Yield 0%

Our PAST TOP PICK with MNT has triggered its stop at $64.  To remain disciplined, we recommend covering the position at this time.  When combined with previous guidance, this will result in a net investment gain of 5%.  

We reiterate MNT as a TOP PICK.  It is the only fund that holds gold reserves backed by the Canadian Mint.  Geopolitical uncertainty and continued concern over US dollar confidence suggests adding to this position.  We recommend maintaining the stop at $64, looking to achieve $92 -- upside potential over 18%.  Yield 0%

Our PAST TOP PICK with MNT has achieved its target at $76.  To remain disciplined, we recommend covering half the position at this time and trailing up the stop (from $58) to $64.  

Geopolitical uncertainty keeps gold in favour.  The trust holds unencumbered physical gold at the Royal Canadian mint.  We recommend trailing up the stop (from $53) to $58, looking to achieve $76 -- upside potential over 17%.  Yield 0%

With the recent pullback in gold prices, this is a good level to again reiterate MNT as a TOP PICK.  Global uncertainty continues and physical gold is a good safe harbour.  We continue to recommend a tight stop at $53, looking to achieve $69 -- upside potential of 18%.  Yield 0%

Our PAST TOP PICK with MNT is progressing well.  To remain disciplined, we recommend trailing up the stop (from $48) to $53 at this time.  

With continued geopolitical uncertainty, along with US Administration trade issues, we reiterate MNT as a TOP PICK.  This trust holds unencumbered physical gold bullion at the Royal Canadian Mint and trades in Canadian dollars, while avoiding operational risk associated to owning a gold producer.  We recommend trailing up the stop (from $42) to $48, looking to achieve $60 -- upside potential over 17%.  Yield 0%

As geopolitical uncertainty persists, along with US Administration trade issues, we select MNT as a TOP PICK.  This trust holds physical gold bullion at the Royal Canadian Mint, that is unencumbered, trades in Canadian dollars and avoids operational risk associated to owning a gold producer.  We recommend setting a stop at $42, looking to achieve $57 -- upside potential of 17%.  Yield 0%