Gold: producers are outperforming as he predicted. That said, have a diversified portfolio, but high net worth investors. We're facing a market rally because of cheap money and low interest rates--but also volatility. Physical gold is at an all-time high. Going forward, the producers--as seen in the GDX--are doing well. Smart money is coming into these producers. The breakout we've had this year is holding, which is good. He predicts markets AND gold will rise in tandem.

He got stopped out of this. If you still own it, wait and hold. Cannabis is going through a normal consolidation. Maybe average down during tax-loss selling. He still likes it. Has a $3 target. They're becoming more of a marketing company and getting into pharmaceutical. They're in Colombia where CBD dominates the weed sector which will be a stepping stone to the rest of the world. Also, in Colombia the energy cost is zero.

An interesting stock. Given severe weather lately, he expects low crop yields to come and trouble in the food space. This and other companies in this sector are worth looking at now.

Takeover target? Maybe, but don't buy it for this reason. This is a hold. IMG hasn't executed as well as it should. For context, we are early in the gold wave (moving upward).

Buy this instead of bullion? Yes, a great way. Gold to him is like money, like the US dollar. The real speculation is in the gold companies. He prefers owning the companies, but would also keep some physical gold at home. Sprott is a great place to sit on your cash.

(A Top Pick Jan 16/19, Up 72%) These companies are just getting started as their mining projects kick in. Expect dividend increases. Even more money will flow into this company and sector, and this will result in a massive move. Let it grow.

(A Top Pick Jan 16/19, Down 13%) He's happy to continue holding this. He bought this because of Prem Watsa (of FFH). In India only 5% of homeowner have insurance, so there's a huge runway. Also, India as a whole is taking off.

(A Top Pick Jan 16/19, Up 0%) He has since spent it all on convertible bonds.

Still holding it. It's one of his big producers. This hasn't moved yet, but will, so he's been adding shares. It has good properties. It's not a top-tier stock for him, but second, and worth buying.

Likes it. As they drill out, they grow their reserves; and they have the leverage. This has moved up, so he will likely trim a bit. You can enter it here, despite the huge move up lately. A pure silver producer.

He's not following consumer discretionary, but if the economy weakens, look at this as a hedge. Otherwise, wait.

This has held on steadily for the past six years. But going forward, take some profits, because it won't perform as well as the bigger blue-chip mining stocks. But maybe don't sell if you have a huge holding of this in your portfolio. He prefers Agnico-Eagle because it deals in more gold vs. other minerals.

They lowered their forecast, so it sold off recently. They have production issues, so will this be a one-time problem? This may be a buying opportunity, but study it closer for a deeper issue. Why was their production lower?

Gold price It's creeping up, but should be much higher than now. Look closely at what happens in December as there'll be a lot of rollover on the repos (repurchase agreements).

There's geopolitical risk here like Serbia where he has no idea what will happen next year. He doesn't like this risk.