IShares Gold Bullion ETF Units Hedged (CGL.TO)

If you are investing in gold because you think the world will blow up and you will want the physical bar, then go out and buy the bars now. CGL had a double bottom, but he thinks there is one more dip that goes lower and maybe then that is it.

(Top Pick Feb 28/13, Down 15.54%) He felt there was support, but when it broke he got out.

(A Top Pick Feb 28/13. Down 20.09%.) This fell through support at $13.30, so he sold. This was simply a technical trade.

Technical trade here. Thinks it would be a short term trade – 6 months.

Not problem holding this for long periods of time. Only 10-15% of the ETF is held in paper form. The rest is gold. He is not worried about it.

(Top Pick Jun 29/12, Up 1.19%) Seasonally a good time of the year. Gold has a little bit of support around $1360 and break out at $1420. He would look to get out sometime in September.

Very good product. From time to time you hear stories on the street about mass Short positions on some of the bullion ETF's and the providers won't be able to come up with the gold that is necessary. He doesn't think this is something you need to worry about. Bullion has gone down because gold has gone down.