COMMENT

There's a lot of complacency now. The market has been driven by a debt expansion. We've seen massive instability since October. If the economy isn't as strong as they think it is (driven by debt in reality), then liquidity is a problem. Be cautious. Things can come down very quickly. Like the 1930's, we're seeing market volatility, political instability, debts that cannot be repaid and populist movements. This creates chaos. Trim back. He's bullish on gold, the traditional safe haven.

BUY
Loves it. A great performer. It signals what'll happen to its peers, because it's a new mine without the history of its peers. Good earnings and reserves. Managment is putting it together and it shows in the price.
BUY
AQN vs. NPI He likes and owns them both. They offer steady cash flow. Likes their dividends which should continue for quite a while. The downside to these and other utilities is that pension funds own them. So if there's a downturn, these will come down in price from a sell-off.
BUY
AQN vs. NPI He likes and owns them both. They offer steady cash flow. Likes their dividends which should continue for quite a while. The downside to these and other utilities is that pension funds own them. So if there's a downturn, these will come down in price from a sell-off.
BUY
Has a $28 target. Likes it. Guidance was higher than expected. A steady pipeline. Good cash flow and worth holding onto. Not worried about the dividend.
COMMENT

Will uranium be safe this year? He doesn't own it, but 2019 could be its year. The fundamentals are definitely getting there with geopolitics on its side. He'd play Cameco to be safe. He's waiting for precious metals to come back before he buys uranium, which he is monitoring.

HOLD
Sell ELD for Americas Silver? Definitely. He doesn't own ELD, but would hold it. Good management. Americas is one of the few juniors that recently bought a company; good managers who keep delivering and are building a beautiful business.
BUY
Sell ELD for Americas Silver? Definitely. He doesn't own ELD, but would hold it. Good management. Americas is one of the few juniors that recently bought a company; good managers who keep delivering and are building a beautiful business.
DON'T BUY
Not a good time to buy this. Ford is a bellwhether of the North American economy. Dividend is not safe. It's a challenging time in a challenged space.
RISKY
He used to own it for the dividend. Has a $7 target. Canada needs to build pipelines to get our oil to market. Canadian oil will continue to trade at a discount to WTI. He's concerned about Canadian oil; we need political leadership and a trans-Canadian pipeline.
BUY
A perfect stock for an older investor. A steady climber that's broken away from the other gold stocks. It's always paid a dividend which is tied to the price of commodity--which will grow over time.
BUY
They just did a money raise, and he likes this stock--and rentals. Young people must rent, but there are limited units. This applies across Canada.
BUY
Buy this or individual stocks? He sees gold as cash, not an investment. He likes this ETF, but Franco Nevada is better because you get an upside and dividend.
BUY
They just did a private placement--institutional money is coming into this. He's impressed by this company. He will hold this long term.
COMMENT
Which sectors should investors divest in and how much cash to hold? He holds 25% cash. He's reduced pipelines, utilities and REITs, and will buy back when yields rise. Then again, long-term these companies will do well.