Fresh rally, fresh highs in US. He's not excited, he's risk off. If we have a rally, it will probably be the last before there's a correction.

Will earnings season be a shock? We won't see that many misses, but projections won't be that exciting. Ample multiples in the US. In Canada, we're struggling with the resource sector. He believes that gold stocks only work when inflation rises, and it may not get back to 2% for a significant period. AI is beginning to have an impact on costs, and 5G will speed everything up. So inflation may lie dormant for the time being.

The old economic models aren't working. The world economies have evolved away from manufacturing toward service. And AI has added to that. We've had 10 good years of development, and we'll see the results of that, especially with 5G.

Not a bad stock, it's the best of the life insurers. But he's concerned about the financials in general. In for a more difficult time, as spreads are not conducive to profits. Late in the game to buy. Dividend's not bad. Tariffs could cause interest rates to decline even further.

Will believe in the golds when inflation comes back. Historically, a great place to go when inflation rears its ugly head. Except inflation is not doing that right now. He doesn't own any gold stocks.

Good quality company. Really a utility. Part of the pipeline group, where the courts are always waiting to pounce. Good yield, but be prepared for more delays. If you like the yield, hold on and hope the environment improves. From a capital gains standpoint, it's not a place to park your money. Yield is 6.2%.

Yield is OK, but not that exciting. He holds ZWU instead, which writes covered calls, with a yield of over 6%. ZWU gives you instant diversification. Yield is 4.64%.

He's backed away from European investments because of the threat of a trade war there. Inclined to focus on Canadian utilities or ZWU for the US.

Silver's in the same category as gold. The whole area is open to question until we have meaningful inflation. Go somewhere else and get a good dividend.

(A Top Pick Jul 06/18, Down 29%) He's away from the oil and gas table now until the selling stops.

(A Top Pick Jul 06/18, Down 2%) Good stock. Into various jurisdictions in Central and South America where growth rate will continue to be good. Not an exciting place until we get beyond the current economic cycle. Yield is 5%.

(A Top Pick Jul 06/18, Up 17%) Generous dividend increases which should continue. Dividend supports the stock in bad markets. A core holding. Will do fine as long as Canadian economy chugs along. Yield is 5.25%.

The pot environment is going through a major change. The market got way too excited about them, and most won't be there two years from now. Marijuana pricing is uncertain. Legitimate sellers cost more than the black market. A lot of risk in the area. Sell down, and take profits now. The environment is toxic, and if you can't take it, then exit.