It is an under-appreciated name that fell out of favour with a previous large Canadian acquisition that the market felt they over paid for.  He likes the geographic mix between Canada and Mexico.  He is watching for further developments.

Gold is one of the worst investments currently, unless you are lucky to catch the right trend at the right time.  The volatility on these holdings is nuts.  Gold prices are well off the highs.  He would see support near current levels, which if broken could take this below $4.00.  A break above $8.00 might attract him as a buyer.    

(A Top Pick Sep. 1/17, Down 31%)  The golds have not done particularly well.  Golds are a hedge against central bank lunacy which we have had a lot of.  The tax cut the Americans have been given will have unknown affects on the US.

A lot of these companies are cheap now, so they're at a good entry point. Also, insiders are buying it. Has a $13.50 target. He'd like to own it. Well-managed. Sector will enjoy an upside with the rising price of gold.

He likes this. It’s trading fairly close to its BV. Something really interesting is going on in the gold market, which not many people have noticed. After gold fell to about $1260, gold bullion has been oozing up under everybody's radar. If gold gets up to $1360 and breaks out, that is a very strong signal that the gold market may very well be turning. Given the depressing state of the US, Europe, Japanese and, increasingly China balance sheets, he thinks the price of gold ought to be moving up. Some of these junior stocks, that are trading fairly close to BV, could be huge beneficiaries.

This is probably a good bet going forward. There’s lots of insider buying. Also, they’ve been working very hard to reduce costs. On a Price to Book basis, it is very cheap. When you buy gold, you are fundamentally making a bet that the monetary authorities are going to be stupid, and that is a really safe bet to make, particularly if we get into a Bear market.

Just closed the Richmont acquisition. Views it as a premier mid-cap name in Canada. There is no debt and they have a bunch of cash on the balance sheet. Generates free cash flow. He calculates their all-in sustaining costs is a little below $850 an ounce. Operates in Canada and Mexico. Likes management and the assets. It’s not unreasonable to have some gold exposure, in case things go sideways. Dividend yield of 3%. (Analysts’ price target is $12.00.)