The problem from here is valuation on this and CP. US rails are cheaper and so he owns CSX at only 13 times earnings as opposed to almost 20. CSX is eastern US but trades with coal.

Nat Gas. We have seen a nice rise here. Nice profitable place for Nat. Gas stocks. His biggest holding in the gas stocks is a top pick.

Is in the category where they are trying to have new projects on the wind side off shore but the risk is a little higher. Valuation for growth is not very good and you are going for the dividend. Prefers going outside the utilities.

Nice in that is a royalty play so you don’t have to worry about cost overruns, but you have to worry about price and it becomes a play on the price of silver and gold. If he liked silver it would be the vehicle to play, but with the tapering in the next 6 months, he would rather see a complete washout of gold and silver and buy on the way back up.

Lots of news in the last little while and had a nice little move up. Prefers others. But if you want a yield with little growth, this is okay.

Argonaut is the only gold he still owns. He is willing to hold on to a smaller one that has low cost. He would still avoid ABX here.

(Top Pick Jan 30/13, Up 11.74%) Company has finally listened to Bay Street. A nice dividend of almost 7% and about 10 years of prospects they bought in all these acquisitions. Doesn’t see a dividend increase.