(A Top Pick June 2/16. Up 56.93%.) This was a sector trade and he sold his holdings with a gain of 20%. This is what he normally does on a sector trade.

An equal weight play on metals.  It has come off significantly from recent highs.  There are massive risks in this sector.  You have to be very, very good on your timing.  He is not stepping in right now.

The period of seasonal strength for base metal stocks in general, is normally from right around now. Technically, base metal prices have been going higher over the last few weeks. The chart shows this is in a distinct upward trend. It is outperforming the market. The reason is because earnings, beginning in the 4^th quarter for base metal companies, will increase dramatically.

It is a bet on China recovering.  It is base metals.  He decided to go back into it.  It can’t go down much unless they start giving away copper for free.  He is at only 1% as it is a gable.

The period of seasonal strength on base metals is from the 3^rd week of January right through until around the middle of April. On a technical basis, the sector has finally started showing signs of bottoming during the last 3 weeks. It recently broke above a short-term trading range, and is outperforming the market. Buy on weakness. He would put this trade on through to May.

(A Top Pick Sept 21/12. Down 11.57%.) Was a little bit premature. Thought the low was mid-2012 but actually was this year. Looking at the components of the TSX, some of the copper producers, they don’t look too bad. If you own, continue to hold.

Base metals have been beaten up pretty badly in the past year so this is a Buy Low opportunity. Long-term, metals is the sort of thing that, as the economy grows and, as people keep on putting money into infrastructure, things like base metals will have to do reasonably well.