Don Vialoux Wheaton Precious Metals WPM-T BUY Jul 11, 2014

It should at least return to previous highs around $61, but possibly $70 if gold continues to do well.

It's been sideways for a few years, but finding support at current levels. He sees lots of upside. He's been buying in three tranches. But if it doesn't rise, he will sell it. 

Excellent company for gold exposure. Ranks 9/10 for portfolio. Bullish on gold outlook. Excellent fundamentals. Will continue to buy and hold. 

Unsure on whether stock will rise in commodity price increase. Would wait before buying. Overall, is heading in the right direction. Would wait before more strength before buying. 

From a trade perspective, a bit overbought. He's a trader at heart, and buys into dips. If you're a bull, by all means keep holding. But he took some $$ off the table.

Likes both gold and silver here. Gold and silver equities and exposure to them are very undervalued relative to long-term trends; analysts tell him it's likely going to stay that way for a while. The market just doesn't believe that gold and silver prices are going to remain elevated. 

Gold is almost like an insurance policy. Good diversifier. Should be a good, long-term hedge. Deposits have become harder to find. 

He prefers the business model of the royalty companies like FNV or WPM. As well, they operate counter-cyclically -- give money when gold prices are low and harvest when prices are high. Always looks expensive, but it's expensive for a reason.

Stable, long-term cashflow. Zero debt and huge line of credit give it lots of flexibility to grow. Sees a 6.5% increase in dividend. Big projects are moving forward. Sees 4-5% upside, but she has been trimming to rebalance.

This pick is for the person who doesn't currently own anything in the space, or who is a more conservative long-term investor. By far the strongest theme in the market. He believes we're the first year into a multi-year bull market in gold, with pullbacks. 

In safe jurisdictions, collecting royalty fees. Great dividend growth. About 60% gold, 40% silver. No debt. Yield is 0.82%.

Rather than owning royalty companies, he prefers the leverage of E&P companies. Attraction of royalty companies is you don't have direct commodity or operating risk, though there is indirect risk. Instead, his choice would be AEM.

AEM, WPM and FNV need to be in every single precious metals portfolio.