Unprecedented times right now? From a market point of view, not unprecedented. S&P has consistently come up against its FMV and backed off, for the third time. Where history is being written is in the fixed income market. We've never seen negative interest rates before. There's a widening gap between stocks in low and high valuations. Tells us that a big chunk of the market is overpriced, and a big chunk that's cheap. The last time that happened, in 2000, the expensive part got hammered. In 2000, Amazon went from $105 to $5. The profitless prosperity stocks like Uber are vulnerable. Drama will spread to companies buying back stock like Boeing and Dollarama. Paradoxically right now, both the bears and the bulls can be right.

Gold. Don't negative interest rates imply that deflation is more the problem than inflation? What's the connection between gold and interest rates? The real question is what do negative interest rates imply? The value of currency tomorrow is going to be worth more than it is today, and this is if there's deflation. In deflation, gold was the place to be, as it was in the 1930s. Right now, he likes anything that sounds like gold. Stocks give you tremendous leverage. Most bang for your buck is the junior stocks, like GDXJ. But we are not in deflation. When ratio of total debt to GDP reaches 3.5:1, GDP stops, you have no demand, prices go down, and you get negative interest rates. But it won't last long, since the outcome is not good and governments stimulate like crazy. Either way, you have to own gold.

They owned it, but got a technical sell on it. The declines can often be really severe. So they sold and switched into gold.

If it's gold, you have to own it. Don't worry if it doesn't have any earnings now. Underwater because of production costs, so they cut and cut. Now the leverage on the growth is unbelievable. Early innings, not too late. (Analysts’ price target is $2.08)

Desperately needs oil and/or gas prices to rise. Dividend is 13%. Now what? Balance sheet is slipping lower and lower. Selling about 16% below FMV. Earnings are slipping, and so has the stock. If he bought higher, he'd cross his fingers. If it doesn't hold at $22, look for $18.

Utilities in a low interest rate environment. Utilities keep ratcheting upwards. As long as rates are falling, they keep being attractive. Emera, Atco are recommendations. Until we get a real reversal in interest rates, no change in the general trend. Buy them and be happy.

Still a buy if interest rates keep falling? Analysts keep forceasting nice, slowly rising earnings and book value. Has followed this trend for the last 10 years. Sees no reason not to buy. A reversal in interest rates would be very bullish for the banks. You get a 12-13% annualized rate, including the dividend.

Dividend nicely covered, at 50% or more. Yield is good. Stock trading between two technical points, which are both discounts to book value. Risk is $23 to the downside, and about $28 on the upside. He prefers to buy on support, instead of in between. Nothing wrong with it, but earnings estimates are oozing downward a bit, and that concerns him. Upside potential is more than 80% on FMV. (Analysts’ price target is $31.07)

(A Top Pick Oct 12/18, Up 25%) Starting to get on the pricey side. At $66-68, he'd take profits. Nice yield for now.

(A Top Pick Oct 12/18, Up 2%) Acquired by Newmont. Return is up, either way.

(A Top Pick Oct 12/18, Up 16%) Bought it as a placemarker with a decent yield that would hold its value. Still fairly reasonably priced. It did what they wanted it to do, and so they got out for that reason.

Best income ETF? Anyone trying to differentiate between income funds in this environment is just kidding themselves. He can't make a guess. As long as interest rates keep coming down, they're going to keep performing.

Agrees with the target. Stock at $19-20 was a five-year low. Dividend is not covered. Concerned that earnings forecasts have been fading. It won't get worse than $20. Hopes to see an upturn in the earnings forecast shortly. (Analysts’ price target is $24.56)

Buy it and hold it. Superb company. His clients are overweight gold.

He'd be taking some money out at this point. Stock's trading way above FMV. Risks in market meltdown are getting high, and a stock like this will get crucified. At least get your costs out.