Wheaton Precious Metals (WPM.TO)

(A Top Pick Nov 1/11. Up 14.86%.)

With any technical indicator, they work 55% of the time. You have to build your technical tool box but understand they wont work all the time. When equities start to perform better than the bullion, this is typically a bullish signal. More money is starting to feed into the stocks.

If you have been able to buy this one under $30, it has been a great one but with a lot of volatility.

A leveraged play against silver. He is wildly bullish long term on precious metals but they will be volatile. It is a range trader but he thinks it will break out soon. Buy into the pullback here but you have to be comfortable with 15-20% volatility.

(Market Call Minute) Precious metals group benefits from all this money printing. Likes it and the group.

One of the largest silver royalty companies in North America and it had a good run because the price of silver ran from the mid-$20 up to about $35. He could see a 4%-6% correction but he is optimistic on both gold and silver pricing and could see this heading through the $40 levels.

Silver has done very well. Has a much shorter window then gold. Historically gold does much better after the US election. He would wait until after the election on both gold and silver.

Gold has very strong resistance coming in at $1800. There is some overhead resistance of around $40 coming in on this company. He would like to see it breaks through that.

Short? He got out at $36 and missed the next 10%. Because of QE3 he thinks precious metals are going up for the next 2 to 3 years so he would rather wait for the pullback and buy into the support although you could try to get some downside by shorting.

They put up money for capital expenditures or projects and then get a piece of the action from future production. A very interesting way to run a business. If he got hot on silver, he might look at this one again but right now his focus is on gold.

(Market Call Minute.) A royalty company on the silver side. Royalty companies are interesting in that you get a play on production and revenues without having risks on production costs.

(Market Call Minute.) Thinks that silver is going to go up along with bullion.

Silver royalty company so it is largely driven by silver prices. Silver tends to follow gold as gold price rises. She decided to focus more on gold as she feels it will continue to go up longer-term. If you own, you could hold on for a little longer. Expects gold will continue to rise, which will be positive for silver.

(Market Call Minute.) Trades at discount to Franco-Nevada (FNV-T) which is a royalty peer.

Very, very nice breakout. Stronger move than gold stocks. Stay with it and seasonals are good. Should be good to $36-$37.