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Stock Opinions by Jaime Carrasco

COMMENT
Precious metals. Reality is inflation is not transitory, it continues to grow. Once out of the basket, very hard to control. We're at 7% already, and inflation is much higher than this, as we use different calculations than in the 80s. Copper is signaling that, but gold and silver have not caught up. Once they do, they'll become inflationary hedges and ring the true alarm for what inflation is at. Gold is the ultimate hedge for inflation. Central banks and Asia continue to acquire physical gold, but the price is not reflecting this. To protect against inflation, he recommends holding physical gold, producers, and royalty companies.
Unknown
BUY
One of the most senior producers of silver. Silver is better than gold, as the bulk of silver production comes from copper mines. Silver just crossed $24, and there's lots of upside. SSRM has a $28 price target. He wants something that will benefit once inflation is realized.
precious metals
RISKY BUY
Great company. Speculative buy, $6.75 target. Gold leverage and reserves on the ground are important. Geopolitical risk is important, and all its properties are in Canada and NA.
metal mines
COMMENT
4 criteria for metal producers and the sector. Geography. Reserves on the ground. Management. Low cost of production.
Unknown
HOLD
Hold until sale to Equinox, or buy more? He holds both to benefit from long-term effects of inflation. He thinks the takeout is great. EQX is well run, a buy, with a $12 price target.
metal mines
BUY
He thinks the takeout of PG is great. He holds both to benefit from long-term effects of inflation. EQX is well run, a buy, with a $12 price target.
Mining
BUY
To manage risk, he sets up his portfolios starting with the biggest, which is FNV. Great company, many assets, target of $23. He also owns MTA, which is more diversified. He also owns OSK proper.
0
BUY
To manage risk, he sets up his portfolios starting with the biggest, which is FNV. More diversified than OR. He also owns OSK proper.
Mining
BUY
He's not too concerned that mining will be nationalized in Peru. Rise in price of the commodity will pay for the increased taxes long term. Still a safe area, but the US will be the best mining jurisdiction. Speculative buy at $5.75. A small cap, so only a small portfolio allocation. Mercedes mine is a great acquisition.
precious metals
WAIT
Likes it. For energy, he shops around for dividend yield, and balances the portfolio around those. He wants to hold higher levels of cash right now, as he's concerned about markets. He'd wait to buy more, but still owns them for the cashflow.
electrical utilities
COMMENT
Holding cash vs. buying into dividends. He wants to hold higher levels of cash right now, as he's concerned about markets. He still owns good yielders for the cashflow, but he'd wait to buy more.
Unknown
PAST TOP PICK
(A Top Pick Feb 05/21, Down 27%) Price has declined, but fundamentals haven't changed, and it hasn't caught up to inflation.
Mining
PAST TOP PICK
(A Top Pick Feb 05/21, Up 49%) Benefited from move in copper, and silver and gold should follow.
integrated mines
PAST TOP PICK
(A Top Pick Feb 05/21, Up 54%) Likes energy. In his income portfolio, with its 9.5% dividend. Oil will never disappear, nor will uranium. Energy has been hot all year, and it's inflationary.
integrated oils
COMMENT
Asset allocation model. To be disciplined, if you have a position at 5%, which declines by half, buy into it to bring the position back to 5%. This discipline of holding something that hasn't really changed but the price, and selling into something that's done well, is 80% of a portfolio's return. If nothing fundamental has changed, he'll continue to hold a company.
Unknown
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