Franco-Nevada Corp.

FNV-T

One of the few gold companies to consider, to create value. Others have destroyed shareholder value. FNV is based on a royalty structure and has done well over time. Problem is the current valuation is now high. (He owns no gold now.) In gold, look at the streamers or hard gold itself.

Gold. He does not work in fundamentals. He thinks there is a huge upside still and would buy on dips.

(A Top Pick Sep 13/18, Up 66%) It wasn't easy to pick 12 months ago when gold was nowhere. Yes, it was uncomfortable to buy, but it was a quality way to play gold, and gold has since broken out. FNV has outperformed bullion.

Not a typical gold company, more of a royalty. One of the better companies in the gold business. You can also own pure gold. Gold companies are hard to own, as they have lots of moving parts.

Buy it and hold it. Superb company. His clients are overweight gold.

(A Top Pick Jun 22/18, Up 31%) A solid dividend player. Not a producer, but a streamer. The dividend will rise as the commodity price rises. On the way down in mining, streamers were the place to be, but now is the time to buy the producers. FNV has a steady cash flow.

He's not a gold bug and prefers royalty companies. So, FNV is his favourite gold stock. The current price is too high as an entry point, so buy below $100 like $95. Otherwise, hold onto it. He prefers this to junior gold producers.

Or buy gold itself? He's not a gold bug. FNV is unique because it is a gold royalty company and not concerned with the daily price of gold. It's better to own this than actual physical gold, because it's less volatile, untouched by geopolitical headlines. Otherwise, invest outside gold.

It looks that it is just starting to break the long ceiling. That would be very bullish. So far so good for this stock.

Is gold hitting resistance? Gold prices are testing key resistance again at $1350 /oz. He thinks a pullback may be coming back towards $1300 soon and reaccelerate later in the summer to potentially test $1400 or higher. Trading in the mining space seems to suggest the smart money is heading for the exit right now. If you are patient you may be rewarded handsomely. FNV is a good quality holding for the space. The return to highs near $110 are looking a little long in the tooth. He would be patient to try to enter near $100 per share.

He models only $48.88. It pays a meager dividend. This is way overpriced. Gold is having a good run though, but he holds little gold.

(A Top Pick Aug 14/18, Up 15%) Four criteria for picking gold companies: good solid management, low cost production, reserves on the ground, geopolitical importance. Not a producer, it gets royalties. Dividend is set to increase. Not just gold, it's diversified. He'd recommend it to anybody as part of a small percentage in your portfolio.

The premier gold royalty company. A great investment. He feels bad for not owning it in the past. Gold prices near $1300 US and if you feel prices are going higher this would be good.