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TSE:AEM
Gold picks? He predicted gold would breakout and it has. Gold is way above its 20-day moving average. Interest rates are low, and there are many geopolitical problems, both of which are tailwinds. Gold is your friend. Agnico-Eagle and Newmont are the best picks, and he is adding on weakness. Gold is the place to be now, in a bull market.
(A Top Pick Oct 31/18, Up 54%) A cornerstone for him. They will be fully sustaining in a couple years--won't need other people's money. The dividend will rise as profits grow. The CEO has done an amazing job. Reserves in the ground aren't even priced yet. People will notice when they are priced. A lot of money to come here.
He confesses that gold is an enigma to him. Gold has now awoken from its slumber. Its producers have underperformed since 2011. He's exposed cautiously through FNV-T, though he would be comfortable owning AEM. Good managers with assets around the world and wisely acquire other companies. Their assets are in safe countries, not banana republics, which is a problem for some gold producers.