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

Where uranium is going? Not for an impatient investor. The industry is making uranium for $60 / pound and sell it for $30 / pound. Either the lights go off or the uranium price goes up to the cost of production. He thinks that the scenario where the prices will go up is more likely. He loves this situations because it creates opportunity. There is significant upside based on past experience.

How much gold should you have in a portfolio? A little bit of gold goes a long way. You hold it as insurance. For most people should be 10%. The problem is that most people that subscribe to the narrative they over invest in gold.

Market. The US and China are in the final stage of negotiating a deal that could be announced later this month. He thinks we will see this every Monday morning. There is no new news here. It is mostly priced into the market, if not entirely. We will probably see a sell into the news. The Fed may be trying to engineer a soft landing but if Trump had his way they would never raise rates again. The Fed has said they would be willing to watch inflation emerge for a while longer but Larry thinks this is not a good thing.

Markets. He is cautious for a pull back. He thinks the bear market will play out. This is not a good time to put new money to work. He is more constructive on the Euro in the short term.

US Long Bonds. He is just starting to increase exposure to US long bonds. ZTL-T is a Canadian equivalent. US treasuries.

Educational Segment. The Global Base Metals Sector. XME-T is the ETF that has been around the longest to play a global basket of mining stocks. There is Iron/Steel, Mining and Coal parts of this ETF. He is not sure this is where to invest but it is a place to trade for weeks or months. It is driven by global growth and what is going on in emerging markets. The sector is out of favour when emerging markets are flat. There are short term positives on emerging markets. He does not think coal is coming back.

Market. NMC-T is saying the ABX-T offer is just not good enough. It wants to stick with the plan with G-T to put together a joint venture for the Nevada assets which is really what ABX-T was after. There is key resistance at $1175 in gold. Over the last 6 months we were bottoming in August and have gathered steam ever since. Shorts scrambled to cover their positions. To go above neutral into bullish we have to get above $1375 and are due for a pullback.

Dividend Gold companies to consider. Dividends on a resource company are hard to maintain through a commodity cycle. He would look at a royalty company.

The S&P ranged 50 volatile points today alone till it settled at 2,792. Not surprising that the market came off like this, but it is surprising that it bounced back. The S&P has run from 2,350 to 2,800 in the past few months. Last fall, 2,800 was a support level on the way down, so now it's a major level of resistance--and it appears to have hit resistance today. Volatility is here to stay in the latter stages of this secular bull market. Given volatility, he's sold some stocks to buy ETFs for their diversification and flexibility. He holds 51% cash, but still holds the BOTZ and KWEB ETFs.... Huawei is suing the Canadian and US governments: Huawei is the battle, but the trade treaty is the war. He expects a US-China deal, but that will only be the beginning. After that treaty, both sides will be monitoring each other to enforce the agreement. Trade tensions will continue, and then the US has to agree on a trade pact with Europe.

Have gone through a wonderful rally. But this rally doesn't seem to have the legs. Earnings are slowing down. Markets are discounting the future. The future does not look clear. Recession is not on radar screen but one of the wildcards could be a domestic slowdown. US Bond yields are telling us of a slow down. He is cautious in the markets and holding about 20% cash. Still seeing earning disappointments and that offers buying opportunities.

How do you time entries and exits in the market? Depends whether you are trading or investing. He looks at it from the investing side. Know what a company is worth. Control your downside. Write down why you purchased a particular stock. In volatile times, hold cash for when stocks go on sale

[Today the show was preempted by live coverage of a press conference with the finance minister. Entries on this site commenced after the approximately 15 minutes of preemption].

Market outlook - Very eventful time for investors. We are now into 9 weeks in consecutive rallies. We are now at 5% from all time highs. At this point we are probably a little overextended. The US economy is still very strong. Unemployment is low, the consumer is good. Since 1960 if you have a positive month in January and February, 92% of the time the markets ended positive the year. Overall there is a pause these days in the market after the tremendous start of the year. his top sector is financials, consumer discretionary, health care and technology. Energy doesn't have really a big place in his portfolios. The US economy looks a little more robust vs the Canadian economy. Energy is a big part of the TSX. He has nothing in Europe. He likes also China in the EM. Trading at 9.5 forward earnings vs 12 forward earnings.

Market Outlook It has been a great couple months for dividend stocks. People are looking for safety and good returns following the selloff in December. The oil story has been good for the TSX and today's inventory numbers were good. The Nigerian election has caused some dissension there, which could lead to higher oil price uncertainty. His portfolio sees value in banks and pipelines right now.

What Beta do you use? He does not scan stocks on Beta -- how it moves with the market. Correlations change as the market moves, he believes. Dividend stocks, on a long term basis, are less volatile than the market -- both in upward and downward moves in the market. Look at the fundamentals to determine how sustainable the earnings are instead.