BMO S&P/TSX Eq.Wt. Global Gold (ZGD-T)

XGD and ZGD are the Canadian go-to names. ZGD is equal weight, so the big caps don't run the show.

In the US, he likes GDX or GDXJ (for the juniors).

A month ago it was his favourite sector. Gold plays had 40-50% upside but we have come off the lows. He now sees nothing with potential of 20-40% upside other than gold.

Seasonal play? He wouldn’t say this is a seasonal play. One of the reasons people likes gold is that it is often negatively correlated to other asset classes, and does particularly well at a time of real and perceived insurrection.

When gold was testing $1050 he would say yes, but we have had the strongest rally in gold in several years. He thinks we will peak out at $1300 this cycle.

5-10k shares per day volume. He went in last November and bought a million shares. The market maker created the units, so the value traded does not matter. The individual investor needs to trade at least 50k shares to have the market maker create units and you have to call the market maker.

Equally weighted gold in the world. A great way to play the sector. Thinks we will get a double bottom in gold at $1175.00. If we break that then you get a sell signal. It may go 10% lower.