STOCKCHASE

Gone up pretty nicely lately. Only gold stock he owns. Still more room to go up. It’s a good price for it.

2010-06-03

TOP PICK

44.910

You don’t want to be without gold. This one is getting a little more respect than other because of what they have done with the hedge book. Elephants don’t gallop. It has a long way to go. Gold stocks will continue to act well.

2010-06-01

WAIT

44.150

Don Vialoux

Typically it moves from middle of July until end of December, Great trade in Jul or August of this year.

2010-05-31

DON'T BUY

44.610

Brian Acker, CA

His model price is $46.83 so it is fully priced here. This is a stock you should trade, not own. This one can have a pullback to around $36, which is where he would probably Buy. When it gets around $45-$46, take your profits.

2010-05-27

TOP PICK

45.300

Colin Stewart

In gold, prefers larger cap blue-chip type company. Good management. Split their African assets off into a separately traded company.

2010-05-25

Comment

43.830

Has gone with this one for quite a while and it has worked out quite nicely. If you are looking for a smaller Stock that was cheap, he would look to Yamana (YRI-T), which sells at 1.2X Book. (See Top Picks.)

2010-05-20

BUY

45.760

Michael Simpson, CFA

Dividend under 1%. Good free cash flow. You own this one because you want exposure to gold as an alternative currency.

2010-05-13

BUY

46.120

Brooke Thackray

25% of its gold production is in Australia, which has just levied a super tax on gold profits. Could see the stock hitting $50 very shortly. Gold does well in May for a brief time and then pulls back in June. Middle of July when gold tends to pick up again.

2010-05-06

DON'T BUY

44.130

(Market Call Minute.) Has a lot of operations in Australia and the new Australian tax makes him a little bit wary.

2010-05-05

BUY

43.900

Nick Majendie

GoldCorp (G-T) or Barrick (ABX-T)? Barrick is cheaper on a historical valuation basis but got hit on Australia’s plan to impose 40% on profits. 17% of its revenue is from Australia. He is looking for 30% growth in cash flow over the next 3 years.

2010-05-04

Comment

40.140

Peter Brieger

Gold is one of his favourite commodities because of the US deficits. $1500 is not a bad target for gold for this year. Prefers mid-cap producers in the golds.

2010-04-15

BUY

40.900

Doesn't seem to move with the price of gold but this is where the opportunity is. New management cleared off the hedge book and separated out the African assets and thinks they could get back to a premium multiple on it. Exceptionally cheap.

2010-04-12

Comment

41.100

Has been stuck in the $40 range for a long time. Hedges are now all gone. If gold goes up again, this company is positioned to benefit and the stock could make some serious progress to over $50.

2010-04-08

DON'T BUY

38.970

David Burrows

Gold equities group is behaving very poorly technically. Gold prices rallied close to highs but stocks didn't come anywhere close. This is one of the weaker performers in the group and he is Shorting it.

2010-03-31

BUY

38.550

Christine Poole

Probably a good time to start picking up gold investments. Longer term she has a positive view on the price of gold. This is one of the larger tier 1 producers and will benefit as gold prices go up. High quality company. Prefers Yamana (YRI-T).

2010-03-30

SELL

37.650

Jim Houston

A proxy for gold bullion. Prefers GoldCorp (G-T) because of their production growth and low cash costs and are expected to increase production by about 50% by 2013.

2010-03-25

DON'T BUY

37.650

Why is this company way down and Yamana (YRI-T) is way up? Barrick is not a low-cost producer compared to others. Also it does not have the same growth profile nor is it a low-cost producer.

2010-03-25

BUY

38.150

Barry Schwarrtz

Thanks gold will stay above the $1100 range for the foreseeable future. This is the cheapest of all the major gold companies. Great suite of assets.

2010-03-24

TOP SELL

40.640

Richard Croft

Sell October 40 Puts @ $3.80. Any of the 6 or 7 major gold stocks tend to be flattish. Writing options is very attractive because option premiums are usually pretty rich, reflecting that the stocks have pretty wide intraday moves but very little trend in any of them.

2010-03-16

DON'T BUY

39.870

Bruce Campbell

Prefers smaller gold companies, which gives better movement. Expects gold will be in a trading range of $1100-$1200 so you want companies with production growth. Prefers Eldorado (ELD-T), Goldcorp (G-T), Iamgold (IMG-T) and Kinross (K-T).

2010-03-15

Comment

40.540

Peter Grandich

Spun off their African project into a separate company. Thinks this is going to be the new news in the majors in order to get a bigger bang for shareholders.

2010-03-09

BUY

40.540

Likes the liquidity and safety. Likes the quality of the assets. Would buy it.

2010-03-09

BUY

39.650

John Stephenson

Africa is a interesting part of the story. Company had the danger of being the Exon of the gold business. This is an attractive transaction for the company.

2010-03-05

Comment

39.650

Ben Stadelmann

They are going to spin out their African assets. Companies of this size are always buying or selling something. It’s often hard to see these things moving the needle. It might be a nice little nest egg for them. If they complete the unwinding of their hedge it could appreciate.

2010-03-03

HOLD

39.690

As price of gold went up, gold companies have not gone up as much. He says he doesn’t understand gold.

2010-02-25

DON'T BUY

40.940

Prefers others because they have good growth and low cost of production. Doesn’t see where the growth will come in this one. They are making a lot of changes and possibly he will think of switching at some point in time.

2010-02-18

WEAK BUY

38.740

Lyle Stein

Moves up and down with the gold price. With hedge book gone it appeals to a whole new set of purchasers. He owns Gold Corp. Higher gold prices’ earnings would be pumped back into business or into dividends.

2010-02-12

BUY

38.940

Derek Webb, CFA

Biggest gold company globally. Stock is where it was a year ago even though gold is up substantially. Golds are so cheap now relative to the price of gold. Very strong support at the bottom of its channel where it is sitting now.

2010-02-11

DON'T BUY

36.450

Stan Wong

The largest name in gold. Had some decent earnings in the last quarter and will be reporting again in a couple of weeks. This may not be your best leveraged name when looking at gold. He would prefer some of the mid-cap smaller names. You could own Gold S&P/TSX ETF (XGD-T) as this is the largest name in this as well giving you exposure to other names.

2010-02-04

Comment

37.120

Bruce Campbell

His theory is that these are the ones that pushed gold to the mini-peak because they were unwinding their hedge. Gold is currently in a natural pullback. Technically, gold could go down a little bit more. If you think gold is going higher, this would be a Hold.

2010-01-29

BUY

38.040

Michael Sprung

As a value investor it has always been difficult for him to buy gold stocks. Likes this one and Goldcorp (G-T). This one is a benchmark and dominant player in the gold industry. Long-term fundamentals for gold against the US$ is good but you could see gold pull back.

2010-01-27

DON'T BUY

40.320

Prefers Agnico Eagle (AEM-T) and Goldcorp (G-T). Cost of production is too high so he doesn't see a lot of growth.

2010-01-18

DON'T BUY

40.520

Jeff Parent

Trading approximately where it was in 2007. Probably the primary reason the gold index in Toronto has not done that well. Very choppy. If it breaks down through $40.30, look out below.

2010-01-15

TOP PICK

43.000

Concerns on US recovery are deep and you should have some gold for protection. If $40 level does not hold out for the stock, look out as it could deliver a 30% loss..

2010-01-11

HOLD

42.180

3 stocks he would look at in gold would be Barrick (ABX-T), GoldCorp (G-T) or Newmont (NMC-T). They are all seniors and well run. The problem is, gold stocks have not kept up with the commodity. Gold had been in a short-term bubble and is now coming off.

2009-12-23

BUY

42.180

Michael Sprung

Have not added to positions recently. Issue at Cortez mine will eventually be resolved in their favour (environmental). They are one of the lower cost producers. They are a dominant player in the industry.

2009-12-22

DON'T BUY

41.050

Stan Wong

If buying gold, consider making an entry when it is at its 50-day moving average of about $1100. This company is the largest one in gold but he prefers owning the entire space so he would prefer iUnits Gold S&P/TSX ETF (XGD-T), which owns this company along with others.

2009-12-17

BUY

41.510

Ara Nalbandian

(Market Call Minute) Doesn’t generally invest in this sector, but good strategy

2009-12-15

DON'T BUY

43.090

Likes gold for the longer term but doesn't believe this company has great growth prospects. He owns Agnico-Eagle (AEM-T) and GoldCorp (G-T) whose costs of production is much lower.

2009-12-10

TOP PICK

43.090

If you are interested in playing the bullion market, this is one of the “go to” stocks. One of the biggest global gold stocks and one that the institutions and US investors will buy. Got rid of their hedge. Big reserves. A good trading stock.

2009-12-10

TOP PICK

43.520

Nick Majendie

This will be the “go to” name in the gold industry. Largest in the world producing 7.5 million ounces a year and has a good growth profile. Cash flow multiple looks very reasonable.

2009-12-09

Comment

43.520

Don Lato

Not a huge fan of gold. Not sure if gold is a gold play or a US$ play. He doesn't see the demise of the US$ as others do. Some aspects of a bubble. OK as a hedge against inflation.

2009-12-09

HOLD

43.100

(Market Call Minute) Price of gold has run up, due for correction, gold stocks have not run up so much so you might get another run in gold

2009-12-08

DON'T BUY

44.630

Bruce Campbell

Suspects that in closing out their hedge book they were partly responsible for gold going over $1200. Still the biggest gold company and has the most trouble to grow because of its size. Prefers companies with production growth.

2009-12-07

BUY

50.430

Barry Schwarrtz

Is the only gold stock he owns and never owned one before. Cheapest gold miner. There is plenty of upside. Cheap producer of gold.

2009-12-02

BUY

48.200

Charles Oliver, HBSc CFA

Just completed removal of their last hedges. Not been a fan because of the hedge books but has been buying for the last couple of months. A lot of upside as it catches up to the valuation of many of its peers.

2009-12-01

TOP PICK

44.860

Decent production growth going forward. Brought in their hedge book. New management is in place. Sector is undervalued and this is the larger player. Doesn't see much political risks with their projects.

2009-11-30

BUY

46.240

David Burrows

Largest gold company globally. Under performed for a long time due to hedges but these were removed recently and thinks it could get value to a higher multiple. Should do very well if gold remained strong.

2009-11-25

Comment

46.250

Gavin Graham

Brought in the majority of their hedge book on gold production. Raised over $4 billion to do so and are much more exposed to gold prices. If you want a pure play in gold, he would suggest GoldCorp (G-T), Kinross (K-T) or Yamana (YRI-T).

2009-11-23

Comment

46.150

Canadian stocks have lagged gold because gold is priced in US$'s. Since Cdn$ has appreciated against US$, gold price movement has not been that much for them. Right now commodity is leading stocks so there is some potential for them to catch up.

2009-11-16

Comment

44.250

No longer has hedges so looks much different now. Expecting big gold stocks willbe on the acquisition trail as it will be very difficult to keep the reserves up and this is a challenge for companies like this, GoldCorp (G-T) and all large golds. Look for smaller golds that have a resource that could be coming on anytime soon.

2009-11-12

BUY

45.250

Barry Schwarrtz

Everybody is jumping on the gold bandwagon. Best way to play gold is to buy a low-cost producer with low price to cash flow. This one has a lot of upside with one of the cheaper multiples of all the peers.

2009-11-10

BUY

43.480

Ron Meisels

Removed all their hedges and the stock moved up. Based on a point-figure reading the stock is probably heading towards $50 possibly. To be on the safe side, your stoploss should be at around the $35-$36 level.

2009-11-05

BUY on WEAKNESS

37.040

Andrew Cook

Would buy on weakness. Low $30's would be really nice.

2009-10-28

PAST TOP PICK

38.600

(A Top Pick Oct 2/08. Up 17.6%.)

2009-10-26

DON'T BUY

39.850

Don Lato

We are in the gold buying season, but it is a well know fact and you have to look for less widely known facts. Is their best among the group but they would not run out and buy gold. Would rather be in stocks than gold.

2009-10-21

WATCH

40.190

Charles Oliver, HBSc CFA

Doesn't know if they have done anything yet to cover their hedge book but will probably know in Q3 when they come out with their results. Reporting on the 29th and he is hoping the full information will be available.

2009-10-16

BUY

41.650

Colin Stewart

Recently did a very large equity issue and are now taking off all their hedges so expects it will be re-valued upwards.

2009-10-08

BUY

41.250

Likes what they did with the hedge book. They may start to get more respect soon. Added it as a core position.

2009-10-06

BUY

39.040

Jim Huang

Have pretty much bought out their hedge book so their leverage to gold is a lot higher than what it was. Likes gold as a hedge to the financial markets.

2009-10-02

BUY

39.540

Andrew McCreath

Favourite gold recently was Iamgold (IMG-T) but recently has been a lot of speculation that Newmont (NMC-T) was going to buy it so it got expensive. This company raised $4 billion to clear their heads book, which had always harmed valuations. Unhedged there is potential for a marginally higher valuation. (Pair Traded with a Short on Newmont (NMC-T).)

2009-09-28

BUY

39.230

Has some real upside, particularly now that the hedges are gone.

2009-09-23

BUY

42.450

Is selling today but buying after the close today. They are looking good after today’s announcement. The valuation will improve. It will be a buying opportunity tomorrow.

2009-09-08

TOP PICK

38.730

Bill Carrigan

If gold breaks out, large caps are going to go. Go with an ETF or one or two of the big guys. The key is, gold will run up, the yield on the bonds will start to run up also. When the yields get above 4%-4.5% and it is too frothy and you get out.

2009-08-28

BUY

37.480

Christine Poole

One of the largest gold producers in North America. If you want gold exposure for the long-term, this is fine. During inflation concerns, people turn to hard assets. She has no concerns for the next year or two. Alternatively you could look at iUnits Gold S&P/TSX ETF (XGD-T).

2009-08-26

TOP PICK

37.290

(A Top Pick Aug 29/08. Up 2.76%.) Possibly the one gold company that is really run as a business. Has decent upside potential.

2009-08-13

BUY

37.040

Mike S. Newton, CIM FCSI

Kinross (K-T), GoldCorp (G-T) and Barrick (ABX-T) are excellent core holdings in the gold space. You might also like to take a look at some smaller names as well.

2009-08-11

BUY

37.620

David Cockfield

Everybody should have at least 10% of their portfolios in gold or gold stocks. Looks like gold is ready to break out. Likes Barrick (ABX-T), Goldcorp (G-T) and Yamana (YRI-T).

2009-08-07

PAST TOP PICK

36.900

Richard Croft

(A Top Pick July 2/08. Down 17.45%.) Bought the stock and used a $48.00 Call on it. Had concerns on the market and wanted some gold.

2009-07-09

TOP PICK

39.650

Bill Carrigan

The gold complex at the moment is the only sector that is operating inversely to the rest of the broader market. Hopefully, if the markets weaken, this will act inversely. This company is a bellwether.

2009-07-02

BUY

40.370

Michael Sprung

Every portfolio should have some exposure to gold. This one is the giant in the industry. Valuations is quite reasonable.

2009-06-26

Comment

38.870

Michael Smedley

Big golds have been pretty slow compared to the base metal. Very solid company. Wouldn't buy it for any exciting price rises. Any acquisition adds little to it. Thinks he could go to $50 presuming a continuance of the firmness of gold.

2009-06-10

BUY

40.410

Steven Conville

Expects gold will be high in the foreseeable future and this is a good company. Wouldn't buy it because of the weakening US$. (See Top Picks.)

2009-06-01

TOP PICK

41.970

(A Top Pick June 5/08. No change.) This is the star of the Gold group. A core holding, particularly now when the US$ is suffering the slings of arrows of an outrageous collapse.

2009-05-21

BUY

39.130

David Driscoll

News that the new mine on the Argentina/Chile border will be coming into production at a cost of about $40 an ounce, which will reduce their overall costs from $405. Huge reserves. With wage and equipment prices coming down, it is becoming more economically viable. Good entry point.

2009-05-08

TOP PICK

38.550

Greg A. Taylor, CFA, BBA

Gold is going to be under a bit of pressure in the next month or 2 but should start to recover later in the year. This company is the global leader in gold and have a lot of great projects but has lacked growth. Has some growth projects coming on in the next few years. Just announced a huge project in Chile/Argentina.

2009-05-07

WAIT

37.180

Brooke Thackray

Traditionally there is a ratio of bullion being 4X to 6X of gold stocks. This went up substantially last fall to a record of 11.7X. That was a great time to purchase gold stocks. It is still trading above 7X. Because of this, he is expecting gold stocks to outperform gold seasonally between July 27 and the end of September.

2009-05-05

BUY

35.990

Got more bullish on Gold recently. Adding more to his exposure recently. Good industry proxy. Wont be the best performer, but it’s the biggest and easiest to play.

2009-04-23

SELL

33.930

Dennis Gartman

Does not think Gold is going up. He is shorting ABX

2009-04-16

BUY

33.930

Nick Majendie

The most defensive of the major golds. You could start to accumulate it at these levels for a 2-3 year hold. The value looks the best amongst the golds.

2009-04-16

BUY

35.500

Bought in fall because it moves in opposite direction of stock market. Concerned about eventual inflation in US economy after 2011. All the money being printed will result in higher inflation. Expects inflation highest since recession of early ‘80s. Buying as a hedge against inflation.

2009-04-14

Comment

37.310

He is over weighted on gold. This one has a hedge program on, which is why some people are not as fussy on it. If you want a pure play, Goldcorp (G-T) is a direct play. Costs are roughly the same. (Also owns Goldcorp and Kinross (K-T).)

2009-04-03

Comment

37.310

Peter Gibson

Very positive on gold. Longer term he expects it to get to the $1300 level. Largest gold reserves in the industry. Prefers Eldorado (ELD-T), which is more of a pure gold play.

2009-04-03

PAST TOP PICK

39.700

Richard Croft

(A Top Pick Apr 21/08. Down 2%.) Bought shares and sold June $46 Calls at $1.75. Turned out stock was not above strike price so he kept the stock. Would have continued writing Call options because the gold sector is an area where covered option writing is a superior strategy compared to just owning the gold stock because they have a lot of the delay but don't go very far.

2009-03-27

TOP PICK

41.360

Ken McCord

He wants to own Barrick but not at these prices. Wrote an April $25(US) Put giving him $2.45. If Barrick drops below $25, he is forced to buy it, which he is happy to do. (You can't do it now because of stock price but you might want to sell a $30 Put option which would give you about $1.)

2009-03-19

PAST TOP PICK

36.240

David Cockfield

(A Top Pick Feb 8/08. Down 27.3 %.)

2009-03-09

BUY

36.990

Brendan Caldwell

(Market Call Minute.) Really likes the gold sector. Still the 900 pound gorilla in gold.

2009-03-05

TOP PICK

36.990

(A Top Pick March 26/08. Up 25.2%.) Held in very nicely last year. Best of the golds and given the current situation, he thinks you have to have golds.

2009-03-05

BUY

46.080

Gold stocks have advanced a long way. This one is a double off the bottom. What you are really buying is ounces in the ground and these guys have 130 million ounces of resource.

2009-02-20

Comment

46.080

Jim Huang

One of the biggest gold companies globally. Has less leverage compared to a small junior company that has a lot of production coming on. However, they do have a great line up of mines and they are well managed. Should perform as well as the sector.

2009-02-20

DON'T BUY

46.190

Bill Harris, CFA

Gold trades on inflation. Despite the hoarding of money, lower interest rates and printing of money there is no inflation yet. Could be in 2 or 3 years time. His valuation on gold is neutral. Has a problem with Barrick as production comes off in 4 years. He wants a company that produces gold cheaper and has a growth profile.

2009-02-10

BUY

45.820

When people get really nervous, they buy gold and gold stocks. When it became evident there would be major stimulus packages it was clear there would be more inflation down the road.

2009-02-09

TOP PICK

45.730

Peter Gibson

Just recently saw some deterioration in profitability. This may force him to change his recommendation going forward. We are only now starting to see the next rebound in gold prices.

2009-02-04

BUY

48.790

David Cockfield

Well run. Largest gold company globally. With the price of gold running and cash building up in their coffers will probably be looking for acquisitions. Excellent cash flows.

2009-01-23

Comment

42.060

Jaime Carrasco

Goldcorp (G-T) or Barrick (ABX-T)? He would choose Goldcorp because it will have more wiggle room. These are 2 of the biggest blue chips and he would rather have something smaller that would accrue earnings much faster. Barrick’s cost of production is much higher.

2009-01-15

BUY

39.350

Gavin Graham

(Market Call Minute.) If you print $2 trillion (like the US is) gold will do quite well in the end. They will be a beneficiary.

2009-01-14

PAST TOP PICK

39.200