With gold at $1200 and $1250 he was excited about it but now gold had broken out, and there is another band of resistance. We need significant inflation or disinflation or some flight to safety for this one to go up.

Educational Segment. Energy. He always gets swamped with questions when his road show goes through Alberta. Not having pipelines is absolutely insane. Is it time to buy the energy sector? Going back to when oil was on the up, XLE-T, XEG-T, and oil were shown on a chart. This sector has made no one any money since the last crisis. He likes it as an asset class. He is long energy but short crude oil as a hedge as an option structure. The energy sector in Canada is impaired and needs options. The premiums are there today. The world is serious about climate change and the energy piece is getting pushed out of the portfolio.

Market. BREXIT delays: The can is getting kicked down the road but he thinks we are closer to resolution. It is part of the polarization that too many people want different things as an outcome. A third election in four years in the UK is a failure of government in his eyes. A big, high level, communist meeting in the communist party of China occurred and they want to notch up their leadership in the world from technology through to trade. Technology and the 5 G networks are key things. This is what the US trade war is all about. The market is excited about getting a really watered down deal as a sort of phase one of this. But there won't be any more progress on this unless Trump throws in. The US election 2020 is the biggest thing investors should be thinking about. The S&P is at an all time high and yet the fed is cutting rates so he can't get excited about it.

Canadian High Tech ETF, not currency hedged and using a covered call strategy recommendation. There is only one. He likes the strategy if you want to play technology in a defensive way. TXF-T is the ticker.

There is a risk of tax loss harvesting on this ETF. He is not at his limit in this position yet. It is the best way to harvest yield and play US energy in a defensive way.

Will the TSX make a new high and is Energy part of it. The seasonals are quite positive. The TSX could make a new high but energy is very politically motivated; the NDP/Liberal coalition involves NDP not wanting any pipeline progress at all. He does not think the pipelines get built if Trudeau has to give in to the NDP and needs their support to govern for a longer term. We are not getting any price relief on Western Canadian Select any time soon.

He has an issue with the space. Given the long term picture, is this something you want to invest in? It made nobody any money in the last decade. It is not investible in his mind. It is only tradable. Maybe at the 2016 low it could be a buy but not now.

A quality company but really over a decade it made nobody any money. It's tradable. It is an under-performer. He does not like it long term.

CAD$ -- how best to play. Canada is 3% of the world. He is using the current strength in the US dollar to add to exposure to it. 90% of the time the Canadian dollar goes down when the US$ goes down. At the bottom of the next trough we will have the CAD$ at $0.70. He buys US$ into the strength that we may see in the short term.

Educational Segment. Market Risk and the 2020 Presidential Election. He thinks the market can't see the forest for the trees. There is a potential very big shift in US politics from the very nationalistic right-leaning Donald Trump to a Left but protectionist Elizabeth Warren. There is still a risk of Trump being impeached. She wants to rip Wall Street away. She is not a capitalist. He agrees with her view on climate. There are 16 million 14-16 year olds that could not vote last time. Gun laws and the environment are important and he thinks a massive amount of these kids are going to vote this way. The vast majority of Trump supports have deceased since the last election so he does not think trump can win. There could be a catalyst for a significant decline.

Market. The sentiment in the British pound tells you that we are going to get a deal here with BREXIT. There may be optimism around a US/China deal but he thinks that is miss-guided. 40% of the DOW reports earnings this week, so it is a big week. It will be bigger than expectations but beating beaten down expectations is not a big deal.

ETF to Target Senior Citizens on a Fixed Income. The traditional way of thinking about portfolios is to think about fixed income. With the real return on fixed income having moved to zero or negative, this not a lost asset. There are no ETFs specifically designed for seniors. Target date portfolios shift more and more as you get closer to your life expectancy. But with interest rates so low, they aren't great.

In ZZZD-T he tries to shift between different styles of ETF. He is tactical in the nature of what he does.