Today, Michael Smedley commented about whether ENGH-T, BGM-X, CIGI-T, HLTH-A, TECK.B-T, WB-T, RY-T, FTS-T, MPVD-T, LUC-T, G-T, TCN-T, INP-X, ACQ-T, LMNR-Q, NOT-X, CXR-T, H-T, ECA-T, GSY-T, PHM-X, PSK-T, CCL.B-T, HBM-T, BEE-X are stocks to buy or sell.
(Top Pick Mar 24/15, Down 43.57%) This is the general US market in descent after Canada made its descent. It is building the production of oranges. Once you are into climate you are into problems. They have immensely valuable land holdings. They are venturing with a company to develop homes. He continues to hold it and be patient. They have great holding in water rights in California also.
Markets. There could well be a resource rally. The move could be violent. The gold stocks are moving. ABX-T is moving and it is supposed to be one of the worst ones. He has increased investment in the mining sector but has been very selective. He holds banks but they don’t fit the definition of ‘special opportunities’. It is extremely dangerous not to be diversified. He is happy with Canadian stocks vs. US stocks. The Canadian dollar is in unison with the oil price, so if all the resources get going then you get a double barreled kind of thing.