Today, Larry Berman CFA, CMT, CTA and Jaime Carrasco commented about whether ELD.TO, FVI.TO, GBR.V, K.TO, AR.TO, NUG.V, BCM.V, KL.TO, OR.TO, KNT.TO, AU.V, HUTL.TO, AEM.TO, SSL.TO, ABX.TO, USA.TO, ZWE.TO, ZWK.TO, ZEB.TO, ICLN, ZGQ.TO, ZDI.TO, FIVG are stocks to buy or sell.
In general, the dividend is stable in the current situation. Because volatility is increasing, the covered call is increasing yield. It is one of his favourite ways to play international dividends. ZWP would be for the short term when you want exposure to the currency.
It's one of his anchor stocks. It's been lagging in price, but so have many silver companies. He still likes this among Mexican-based silver producers. It has just started a gold mine in the US which helps diversify away from silver. They keep adding mines and value, and will have leverage to the prices of gold and silver. They're producing and he expects earnings to continue to rise. The current high prices of gold and silver will cover their labour costs, taxes and other climbing costs. Lastly, they have great management (from Barrick).
He prefers Kirkland Lake and Agnico Eagle among the big producers, because they have better leverage and are streamlined. He always puts Barrick and Kinross in the same category. Kinross buys assets at low prices, but he'd rather buy the companies they buy than Kinross itself. The one positive with Barrick is Warren Buffet coming on board; big-value investors will buy Barrick and won't bother researching the mid-tiered players. That said, he expects a better-levered move from KL and AE. He has a $45 target on Barrick as a buy. Also, he's not investing in copper or base metals.