Today, Glenn MacNeill, P.Eng. and Derek Webb, CFA commented about whether CCO.TO, L.TO, AGU.TO, HGU.TO, OSB, GCE.TO, PBG.TO, TLM.TO, POT.TO, TIM.TO, BCF.TO, BQI, TRP.TO, NKO.TO, ARX.TO, PXE.TO, CPG.TO, HSE.TO, CNQ.TO, ERF.TO, PGF.TO, WAV.TO, CLC.TO, DDV.TO, POU.TO, OPC.TO, TCW.TO, CFW.TO, PSI.TO, PHX.TO, ANDV, IMO.TO, IOC, BTE.TO, CKE.TO, OBE.TO, OIL.V, SU.TO, ECA.TO, PFX.TO, FEL.UN.TO are stocks to buy or sell.
Gold: - Although gold has been going down, he expects it to be going a lot higher. The macro commodity trade is still on, seasonally this is a time when gold does poorly. Almost all stocks are down. This is a great time to be buying. Sitting almost right on its 200-day moving average and getting ready to go higher. When they move, they will move very quickly.
Top Short A lot of the consumer names have recently rallied. He still sees the numbers going down in almost all the financials and all the consumer stocks. The numbers just keep getting worse for this company. Also, when input prices start going up, they are going to skyrocket and that will squeeze the margins. (The average investor should not use shorts.)