Don VialouxMarket Vectors Jr Gold Miners ETFGDXJTOP PICKAug 09, 2013

Fall usually a good season for gold.
Pressure on gold supply from US Treasury tough on gold prices this year.
Looking to buy some gold in the next 1-2 quarters, waiting for weakness in gold prices.

Good for when US Fed rates cuts interest rates.
Not a great spot for gold now.
Wait to buy.
Lots of short term noise that is bad for gold. 

He sold gold recently. Gold has a lid on it somewhere around $2000. Not a bad chart. You're hoping it will break out and, based on history, it may not. You could make up reasons for it to, but until it breaks out and lasts for more than just a few days, he doesn't trust any of those reasons and just goes by the chart. 5/10 for him.

Likes gold, but prefers the mid-size and juniors for more upside, better valuations, more opportunities. Starting to bounce, but still more potential in some of those names. Doesn't want the big players. 

USD weakening, especially if interest rates peak, should benefit gold. Gold stocks are trading at multi-decade lows. The ETF avoids taking on geopolitical or individual mining risk. There's more growth here than in the larger players, plus more potential for takeout activity.

GDXJ gives him blanket exposure in gold. He owns a lot of gold stocks, including Newmont, Barrick and Kirkland Lake. You can get exposure to juniors through Dundee Precious Metals (he owns). All are interesting. GDXJ is not a bad way to get gold exposure.

Gold producers? He prefers to own the Royal Canadian Mint (MNT) and Sprot (PHY.US) and Franco-Nevada (FNV). He likes the physical element. He would also consider the Junior Miners ETF (GDXJ). At some point, there will be a role for gold to help the economy recover.