Advertising
COMMENT

If you own, this is a tough one. Certainly they are a low cost producer of uranium, but the problem is around the demand side. There is a feeling that Japan is going to restart reactors and you hear about new reactors going to start in China and globally. On the supply side, you hear about the reduction in the Russian highly enriched uranium. All these things should point to a better uranium price but it has not. He is on the sideline until he sees some improvement in demand. If you own, he would probably continue to Hold as there is not much more downside in the near-term.

integrated mines
N/A

Markets. Have been a number of impediments removed from the market this week. The budget compromise has taken the heat off there being another US government shutdown. The Volcker rule limiting the kind of risky stuff that the banks can do. Job reports show that things are definitely improving in the US, which will lead to higher wages, which will lead to more spending which will be reflected on the GDP. Cdn$ is too strong right now and is going to have to come down. Wouldn’t be surprised to see $0.90.

Unknown
BUY

What ETF would you suggest for investing in Japan? Likes the iShares MSCI Japan (EWJ-N) although there are lots of other ETFs out there. This one has the major indices covered. Financials are about 20%, industrial/technology at around 15%. Most of his ETFs have veered towards the US, but also more towards Europe and the UK.

E.T.F.'s
TOP PICK

Likes this for the European exposure, not a euro ETF, of which there are several of. Some of them are only the euro countries, some are the top 50 countries in Europe only and some are specialized in the EU. He prefers it being broader based so he can have the UK included. Good diversity and its cheap.

E.T.F.'s
BUY

Hasn’t been buying this because he tends to have a lot of banks anyway and this is heavily into the banks. However, this is fine as everyone else is concerned. A good play. You might want to consider that we have had this good dividend play for quite a while now and maybe the thing to be looking at a little bit more is something that is more growth oriented.

E.T.F.'s
N/A

Copper? You could play this through HBP Comex Copper Bull+ (HKU-T) but that is a leverage copper play where you could lose money even if you are right. Another one is the Global X Copper Miners (COPX-N) which is a play on the copper miners themselves. Also, you could look at BMO S&P/TSX Base Metals (ZMT-T), a base metal play.

Unknown
COMMENT

As a play on the housing market? Doesn’t know if there is a lot of difference between this, iShares S&P/TSX Capped REIT (XRE-T) and BMO Equal Weight REITs Index (ZRE-T). They all seem to have much the same components. It all depends on how much RioCan (REI.UN-T) you want, but there is nothing wrong with having this. He takes a look at the costs and takes the cheapest.

E.T.F.'s