A Comment -- General Comments From an Expert (A Commentary)

Gold: - He is using an average of $800 an ounce when looking at equities to justify some of the gold projects. A higher price based on US$ and weakness is more of a short-term issue. He tends to focus on more of the fundamentals.

Oil Sands: - There has been a lot of volatility, primarily with respect to Alberta's royalty regime program. Companies are negotiating with Alberta. There is now certainty so we know where we are going. There are a number of short-term challenges that will increase the cost, but it is a very strategic resource on a global point of view. Likes Canadian Oil Sands (COS.UN-T) and CNQ (CNQ-T) with their Horizon project

Copper: - Longer term the futures market suggests 4 years out you could still see $3. Realistically, you have to price out the projects at about $1.50 or $1.60 range (US$) per pound over the next 5 to 10 years.

Natural Gas: - You have to expect volatile pricing. Currently there is a much tighter supply/demand situation driving the prices up. Somewhat of a seasonal rally we are experiencing now. Wouldn't be surprised to see prices backing off next month. Given fundamentals, he is a little concerned and is quite cautious over the next 6 to 9 months. There will probably be good buying opportunities going into the fall.

Oil: - This is a longer-term story. There are very few large exploration finds around the world. For every 1000 people in China, there are 9 cars and for every 1000 in the US, there are 900. China has a long way to catch up and it is a lot of oil to have to use. India is a similar example. Dynamics for oil longer-term are very, very good.

Natural Gas: - $8 has been a very strong resistance point for it. Has now clearly broken through it, which is very encouraging. $10 to $12 would not be unheard of.

Gold: - likes it. Has all the various aspects that you want to see in a rising chart.

Uranium: - A long story rather than a short story. Demand for uranium will not take off until the middle of the next decade. Prefers established players in the industry such as Comeco (CCO-T), which has proven reserves in the ground and the ability to bring them to market. Also likes Denison (DML-T) to a lesser extent.

Marketing Strategy: The sectors where he expects to find opportunities are 1) precious metals 2) energy including natural gas, oil and coal 3) healthcare devices 4) agriculture 5) pockets of technology 6) steel and the infrastructure around it as well as iron ore. You have to pick the spots where you are pretty certain they are going to make the money they are expected to.

Bear ETF’s is a very sophisticated approach to protecting your gains. You have to be very knowledgeable and aware of what you are doing. The basic premise of protecting gains is a good one.

Tonight's show was on wine, so nothing to report....BUT....I do want to apologize to lovers of SMALL CAPS. Forgot to do yesterday's SMALL CAPS program so just did it now. The expert was a new one for us, Mark Lackey. Bill

Canadian Banks & Life Insurance: - If you are looking at income investing, banks have been a great place from a yield perspective. These are great companies. Financials and life insurance have great balance sheets. Yields represent very attractive income relative to the bonds. Don't just hold 1 bank or life insurance, but diversify.

Natural Gas: - Last year was a great run in oil prices but there was a strong dichotomy between the price of oil and natural gas. Very cheap commodity right now. LNG is now trading higher than Canadian/US natural gas.

Quite bullish on the alternative energy clean tech space. There are some very good products out there such as PowerShares Bio&Genomeme (PBE-A) and PowerSh Clean Enrgy E.T.F. (PBW-A). He prefers looking at sustainable energy as opposed to just alternative.

Withholding Tax: - Just like any other product, you are going to be subject to withholding tax on ETF's. It is claimed at the level before it even reaches your account. Also, dividend tax credit on foreign investments is lost because it is treated as foreign income.