Today, Michael Smedley commented about whether BBD.B-T, CLR-T, CJR.B-T, EMA-T, LAS.A-T, WTE-T, CP-T, TLM-T, KLS-T, CLIQ-T, QTRH-T, CGX-T, MRG.UN-T, TD-T, SSL-T, BRP-T, ATD.B-T, CEN-T, G-T, DHX.B-T, WEF-T, DOL-T, FRC-T, NGC-X, DH-T, UR-T, CMI-X, CXI-T are stocks to buy or sell.
Your thoughts on the growing deficit between Japan and the US and will gold eventually make its way back up? Doesn’t think this has any relationship with US and Japanese relationships, etc. Gold is a sector that will do its own thing. It is not subject to conspiracies or to any kind of strange event at all. It is only subject to the lack of new high-grade deposits. At these levels, companies like this are trading very well. Good for a long-term hold.
Markets. Resource stocks, although not showing the best resilience, are probably the best traders and this is the most stable sector that we have. They are preparing themselves for the eventual great rally. You have to be patient. Banks are looking very good, partly because international banks have moved into another down phase. With Spain leading the way out of the depths, he is thinking Europe is looking pretty positive.