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Global Economy. There are 2 ways the monetary shift, that is occurring, is going to play out. Either through the IMF SDRs (Special Drawing Rights), or the structure that the Chinese and the new nations are creating. Are they going to go independent on their own or are we going to play along through the SDRs? SDRs are a basket of different currencies, out of which you are going to have the 7 main currencies, something like the euro. However, the Chinese are saying that without a governor we are back to the euro, so what is the point in participating? They would like gold as part of that basket. The Chinese keep storing physical gold. Whether the new structure will have some kind of a physical backing of real money, versus the game that we have with the paper money, he thinks it is clear that the basket is going to be part of the equation. This means that the countries with the most gold will have the greatest purchasing power. We are witnessing a deflationary storm that they are trying to control, and something has to give.

BUY

The key question for this company is will the decline in oil be long-term. He doesn’t think so. We are seeing a lot of positive things in the oil structures. One of them is the political reality of the Middle East. Because of this, he believes the correction on this company has been overdone. This offers a pretty good entry point right now. 6.3% dividend yield.

HOLD

His company has this with a $43 target. Some caution should be given because where are they going to generate any positive earnings. He is not selling right now. If you don’t own, there are better alternatives.

COMMENT

He owns a little of, but it is not his top preference. His company has this with a $6.50 US target, and as a sector outperform.

COMMENT

This is his core holding for gold. They definitely deliver on performance. Have just acquired another company and it is nice to see management acquiring at this particular time. They are building this great leverage for when we do get a turnaround.

COMMENT

He is starting to look and add a little bit of oil at this time. He feels that inventory levels should start to level off because wells right now are not even generating the cost of drilling the well. Because of this there is a massive shutdown of well production. Although he doesn’t own this, he does like it and his company has a target of $4.50.

COMMENT

One of the biggest mining companies with very low cost of production. However, he doesn’t like the management. This company’s target is $3 US. If you are looking for silver exposure and a rebound, it is not a bad choice.

COMMENT

Has looked at this, but has never bought because of where their properties are. He prefers companies in South or North America. Thinks management is good. They are having a problem getting a permit on their mine in Greece. His company has an $8 target on this.

PAST TOP PICK

(A Top Pick April 3/14. Down 12%.) A fully integrated agricultural company with a railroad to their elevators along with production of legumes and wheat. Thinks it should deliver quite nicely this summer because of what is going on in California. Feels drought is going to haunt us from a food inflation perspective.

PAST TOP PICK

(A Top Pick April 3/14. Down 40.2%.) Loves this company. Have acquired a gold company, so gold production is kicking in. There is continuing growing silver production and the cost of production keeps dropping.

PAST TOP PICK

(A Top Pick April 3/14. Up 17.83%.) He has put quite a bit of money into this one because it is the one with the highest yield. Was a little cautious at first because a lot of LNG projects got cut, but theirs didn’t.

COMMENT

This is the one oil company that he added to during the decline. It is a royalty model, and management has quite a bit of cash to add more properties along the way. He likes the properties and the areas. Almost 60% of production was hedged at about $100 out to December. Good management. 12% dividend yield.

COMMENT

Has owned this in the past, but sold in 2011. He likes the company. Management is really good at picking up assets. They have a mine in Nicaragua and some in Africa. His company has this with a $3 target.

COMMENT

This is a gold streamer. Good management and they can definitely execute. If you don’t want to have the volatility of the producers, this is one you could own.

COMMENT

Feels this one is overdone right now and is at a good entry point. The question is, how bad is the oil situation going to get? He thinks we have hit bottom. His company has a $29 target on this. He would prefer others in this spectrum.