Larry Berman CFA, CMT, CTA BMO Junior Gold Index ETF ZJG-T HOLD Jul 11, 2016

This is about the only one on the juniors. He is not a gold bug. If you like Junior golds, this is as good as it gets.

Gold could go up if we go into a difficult market. He would consider selling it, however. He would scale out of it rather than buying more.

Junior gold miners. It is not linked to gold. They go up and down relative to the price of gold, but many don’t have production. He thinks gold is going to break out and will pop to $1350. It should retest last year’s highs. Junior gold stocks should test highs also. He does not like the speculative names.

With gold prices where they are now compared to where they were only a few years ago, we're nearly double. If you can't make money today, you'll almost never make money. If you're looking at gold juniors now, and they're not profitable at this level of gold, then avoid them.

ZJG is a basket of junior gold miners. You'll get some diversification and most stocks have been around for a long time, so this is the way to go. He hates the idea of buying new, speculative gold with their "new thing" that they're pushing. 90% of those will never make it, so you'll lose your money more often than not.