STOCKCHASE

Chart is very good and shows a higher low in December. Relatively speaking, it is performing better than the metal. He would say it works higher plus it is building a symmetrical triangle.

2012-01-06

PAST TOP PICK

14.540

(A Top Pick Nov 5/10. Up 33.71%.)

2011-12-28

Comment

14.730

Sold his holdings because he thought the opportunities were better in Goldcorp (G-T). Likes gold. Great company but you might do better in a more senior play. (See Top Picks.)

2011-12-16

BUY

16.440

He has a model price of $25.72 giving it a 51% upside. A core stock in your gold portfolio.

2011-12-02

Comment

17.070

Derek Webb, CFA

Puts? Loves this one. Buys when it is down. Super high volatility. If you like this company, this is a great way to own this stock.

2011-12-01

Comment

15.980

There is great internal momentum. Have projects that can double production in the next 4 years. If the gold price stays higher and they execute well, you can see it getting to $20.

2011-11-22

PAST TOP PICK

15.940

(A Top Pick Sept 7/10. Up 51.56%.) Still likes and would still be a Hold.

2011-11-17

Comment

16.670

Douglas Kee

All the gold companies are increasing dividends. (See Top Picks.)

2011-11-07

SELL

15.400

(Top Pick Nov 5/10, Up 33.28%) Uncertainty of what is going to happen is the problem. Most likely they have to repatriate profits within that economy. That will be a negative. 20% of net asset value in Argentina. In light of the news he would rather move to something else.

2011-10-28

PAST TOP PICK

15.400

(Top Pick Nov 5/10, Up 33.28%)

2011-10-28

SELL

15.080

Argentina wants its companies to repatriate their revenue from overseas. Have 20% of their profits from Argentina. ABX is the only significant one with significant production. It will probably get sorted out over time. It just means you have to reinvest the revenue in the country.

2011-10-26

TOP PICK

14.490

Gold sold off and it should hold this. If gold goes up it is in the $20s. They have production waiting to come on. It is cheaper to buy something that has been discounted.

2011-10-19

BUY

15.220

He has a model price of $24.82, a 70% upside.

2011-10-11

TOP PICK

14.140

Ron Meisels

Chart shows a V extended pattern. When the stock does this and breaks out of the range, it is the best time.

2011-10-03

PAST TOP PICK

15.500

(Top Pick Sep 7/10, Up 44%) Was trading at book value, which is very, very cheap for a gold company. Also he likes gold stocks.

2011-08-31

TOP PICK

15.500

Likes being exposed to gold sector. Still one of the cheaper of the gold stocks. Lots of upside potential. If there is QE3, still has lots of room.

2011-08-31

PARTIAL SELL

15.310

Has been taking a little bit of money out of the golds. Still likes this one but has been reducing his holdings. Gold could easily pullback.

2011-08-19

BUY

15.200

South American focused gold company. Great existing mine with a great pipeline and well managed, which you can buy at basically NAV.

2011-08-17

Comment

12.950

Gold producer that is approaching the 1 million ounce target. Mines are starting to ramp up so production growth is not going to come out until 1-2 years out. Because it has lagged for so long , she sold her holdings to move into bullion. 200 day just crossed 50 day, which is a good technical signs.

2011-08-02

BUY

12.710

Everybody should have some exposure to gold stocks. Had a lot of new mines coming on so there was some production issues initially but the last 3 orders in a row they have beaten expectations. Have been coming in with lower costs and better production than expected. A potential takeover target. (See Top Picks.)

2011-07-25

PAST TOP PICK

12.450

(A Top Pick May 20/10. Up 13.07%.) Still likes.

2011-07-12

DON'T BUY

11.040

Has been a serial under performer for quite a while. If you are going to get involved with gold stocks, try to avoid the ones that seem to be perpetual under performers. If you own, don’t let it go much below $11.

2011-06-17

TOP PICK

11.600

Now that gold has run up, he wants companies that haven’t. They have a discount but are getting over the reasons for it. Gets the growth profile, management issues are being addressed and an attractive company, building their business.

2011-06-09

BUY

12.200

Share price of gold stocks has not kept up with the underlying commodity. Cheap and a good company. His target is $15.

2011-06-02

TOP PICK

11.570

Did $0.38 in basic EPS in 2007. In 2010, it did $0.61 and this year will do about $1 so has roughly tripled its earnings. Generating a lot of cash. The dividend went from $0.04 to $0. 18. Have some growth projects. Cheap.

2011-05-16

DON'T BUY

11.380

Not one of his favorites. Thinks there are stronger growth profiles such as G, IMG, AR

2011-05-10

HOLD

12.060

Jaime Carrasco

Great company but he prefers others. Has a pretty diversified portfolio. Gold is going much higher and institutional money will come.

2011-04-29

TOP PICK

12.060

Hasn’t really struggled as a company but there have been issues about getting mines going in South America so has ended up in the penalty box. Feels they have addressed the issues and thinks they will be able to increase production by about 50%. One of the only stocks that is really trading at NAV.

2011-04-18

TOP PICK

12.390

Jamie Horvat

Mid-tier, potentially large cap gold company, producing 1 million gold equivalent ounces a year. Good growth profile moving to 1.4 million gold equivalent ounces. Did a good deal on spinning out their Alumbrera assets, taking in $310 million in cash payments over the next few years. Cheap at 7 to 8 times cash flow. Sells at a 1.2X NAV, which is at a discount to its peers. Also produces 10 million ounces plus of silver annually.

2011-04-07

DON'T BUY

12.490

Has been going sideways for quite a while. Had some operational problems in over promising and under delivering. There is nothing specific.

2011-04-05

DON'T BUY

12.030

2011-04-01

TOP PICK

12.450

Likes gold stocks. A $23.26 model price. It never gets any respect in the market place.

2011-03-23

TOP PICK

12.060

Robert McWhirter

Cheap. Gold production will rise by 46% by 2013. 8.7 times price to cash flow 2012, which is about 23% discount to other gold comparables. Good production growth for the next 2 or 3 years.

2011-03-15

BUY

12.190

$1500 is his target for Gold – sometime this year. People don’t think gold price will last so the gold stocks have not gone up as much. This is a great buying territory.

2011-03-14

BUY

12.220

All the large caps have been fairly flat over the last number of years. Very cheap on a P/E ratio. Keeps wondering what the catalyst will be for them to break out and move to the upside. Could be the dividend increases. Possibly will spin out assets other than gold. Believes a catalyst is coming.

2011-03-07

Comment

12.570

Veronika Hirsch

Couple of years ago was having trouble making their quarters. Over promising and under delivering. In gold, that’s a No-No. Have been in the penalty box. Delivered last 2 quarters. Good growth ahead of them with 3 o 4 new projects but they don’t come on until 2012. Fantastic story for 2013 but she questions how investors will handle it over the next year. Expects people will start looking forward to it next year. Cheap on 2012 production. If they spin out their copper/gold deposit, it could add a couple of $’s to the stock.

2011-03-02

PAST TOP PICK

11.230

(A Top Pick Jan 18/10. down 3.86%.)

2011-01-27

DON'T BUY

11.230

Gold has been going to all time highs and this one has been an under performer. The key is to be in the sector on a stock that is out outperforming. (See comments under Gold.)

2011-01-27

BUY

10.960

One of the bigger gold companies. Doing a fine job but the stock is very volatile. Almost seems like a favourite for the traders. Would be his 3rd choice after Barrick (ABX-T) and Goldcorp (G-T). If you have a position you might ant to average down. (See Top Picks.)

2011-01-21

BUY

11.410

He prefers playing gold through the companies versus bullion. Fairly good growth profile. Not the lowest cost producer. Makes their money on a combination of gold and copper and had a bit of a setback in their copper last year. Good company. (See Top Picks.)

2011-01-14

BUY

11.820

Dennis Da Silva

Gold. Has been warming up to this one. Chronically under performed in the past but are looking to have 3 mines by 2012. Likes their copper exposure.

2011-01-13

BUY

12.180

Andrew Cook

From a large cap perspective this is a good way to play the golds. Reasonable production profile.

2011-01-12

PAST TOP PICK

12.590

(A Top Pick Nov 25/09. Down 12%.) This one did not work out and he got stopped out of the position late last year.

2010-12-13

BUY

11.980

Derek Webb, CFA

Sells options on this name. This is a laggard. It has been disappointing the market. It had good drilling results today and it went up. The volatility is high. This would not be a bad place to be in light of a possible pull back in gold if you want to be in gold.

2010-11-30

BUY

11.510

Jamie Horvat

Have significant leverage to gold at $400 an ounce. Increased dividend on the basis of the cash coming in. Produces 900,000 ounces of gold a year plus silver plus copper. One of the cheaper large caps. Hasn’t performed over the last year as they have been spending a lot of cash on brown field exploration.

2010-11-26

HOLD

11.530

Paul Harris, CFA

Sell some holdings to Buy some copper? Dynamics between gold and stocks has been very difficult. Gold has outperformed stocks. Gold is very hot and will continue. Believes companies will react to gold prices at some point in time. Would suggest you own both gold and copper.

2010-11-25

DON'T BUY

11.770

Michael Smedley

Combination of a lot of mines that were bought, none of which are hugely spectacular in production. It seems to lack fire and zest.

2010-11-22

DON'T BUY

11.730

Steve Carlin

Lagged the golds. Now have a dividend, which will be of interest to some investors.

2010-11-10

HOLD

11.940

Has not been a good performer in the large cap space. Some see too much copper, although it brings down their costs. This stock is very cheap. Several majors are trading cheap. Hang on to YRI and the majors. They are tending to increase their dividend. Probably you will see them all do it again in the coming year.

2010-11-08

TOP PICK

11.690

Has lagged. Yesterday came out with one of their better quarters. Good cash generation and good by-products. It almost drives the costs to negative levels. An attractive buy-out candidate but people have been saying that for a long time.

2010-11-05

WEAK BUY

11.140

Brooke Thackray

Season for gold has ended. This one hasn’t performed very well. They just aren’t hitting all the right nails at the right time. Not his favourite. Resistance 12.2 and base 8.7. If the others do well it will do well.

2010-11-01

DON'T BUY

11.110

Veronika Hirsch

Has not been doing well because they missed a lot of their production forecasts. As long as that keeps happening, the stock is going nowhere.

2010-10-28

Comment

11.440

Paul Harris, CFA

Management has been in a penalty box, which has hurt the stock. Cheap. Thinks gold can continue to go higher.

2010-09-23

Comment

11.380

Under performed other golds but beginning to come back a little because of a few projects that could come on in the next 3 to 5 years. Also came out with better numbers on costs per ounce. If he could see an increase in cash flow and they can finance a lot of the CapX needed, it looks very interesting.

2010-09-22

PAST TOP PICK

10.390

(A Top Pick Sept 8/09. Down 5.85%.)

2010-09-09

TOP PICK

10.920

Trades at about 1X Book Value. Cheap. Gold looks like it's on the move.

2010-09-07

DON'T BUY

10.870

Had problems in the last couple of years and traded at a discount because they over promised and under delivered. Better places to be such as Allied Nevada (ANV-T), which has better growth.

2010-09-02

HOLD

10.810

Disconnection between the price of gold and this stock? Has under performed the sector, but even this stock is starting to go higher with seasonality.

2010-08-27

HOLD

10.820

They are cheap compared to their piers. They went with an organic growth profile instead of acquiring new assets and so on. You should have some exposure to gold.

2010-08-25

DON'T BUY

10.560

When picking a gold stock, try to pick one that is doing at least as well as the group. This is not happening with this company indicated in the market is not happy with it.

2010-08-19

BUY

10.350

Very bullish on gold and sees at least $1500 this year, if not higher. This one is a midsize producer. Well positioned to grow.

2010-08-12

DON'T BUY

10.140

In spite of liking precious metals, he has been Shorting this one at times. Doesn't have good growth or production. Have disappointed a couple of times on production.

2010-08-09

BUY

10.240

Had a nice little kick today because they actually started paying a dividend. Have some good prospects. Trades very easily. At the low end of its range and he can see it getting to $13-$14.

2010-08-06

BUY

9.910

Brooke Thackray

Disconnect between gold and gold stocks. Stocks have great earnings and raised dividends. Gold usually does well from July 12 until October 9. 7% is consumed in jewelry. Gold buying for gold fabrication is done in the summer time. Now is the time to get in. Down to Beginning of Jan ’09 support. Not a bad place to see it start to pick up.

2010-08-05

BUY

9.620

Near a 52-week low in the valuation is very cheap but you may have to be patient. Under performed for the last couple of years. CEO announced he was not going to do any acquisitions so investors expected there would be no growth but he sees growth on a per share basis.

2010-07-29

Comment

9.760

Gold stocks have been under performing actual gold prices. Positive on gold long-term and thinks the direction is up. This one is a tier 1 producer at about 1 million ounces. Have been growing through acquisition and are now in the process of putting some mines into production but it will be a couple of years before the start showing in the stock price.

2010-07-26

HOLD

9.880

Expects more corporate activity in the gold sector and this one stands out as a takeover target based on net asset value. Good quality assets. Feels that golds are coming back down and you look at them again in the fall.

2010-07-23

WAIT

10.340

Historically you want to be in gold stocks from around the end of July until December. Technically, the stock broke the support level today.

2010-07-02

DON'T BUY

10.920

Not a compelling price for him. Wants a good growth profile and low operation cost when looking at gold. His favourite is Goldcorp (G-T) followed by Barrick (ABX-T).

2010-06-30

DON'T BUY

10.860

Hap (Robert) Sneddon FCSI

When positioning yourself in a sector, you want names that are fundamentally sound and have some catalysts for growth. Also you want something technically stronger than its peer group. Stock has been under performing so he would prefer other names. (See Top Picks.)

2010-06-21

DON'T BUY

11.100

There’s not always a lot of correlation between the price of bullion and the producers. Normally the producers lead the bullion by a few months. Did a head and shoulders during the winter. Prefers XGD-T

2010-06-04

TOP PICK

10.820

Not trading very far off its book value and has a fairly strong fair market value. If things turn out badly, among the golds this will be more defensive than some of the more expensive ones.

2010-05-20

HOLD

11.070

(Market Call Minute.) People are unhappy with this one but he thinks they are wrong. Anything under $10 is a Buy and over $14 is a Sell.

2010-05-07

BUY

11.090

Seasonal strength for gold is from around July through until the end of the year. Currently forming a nice base pattern with a little break out 3 days ago. You'll probably get a shot at its high of $13-$14.

2010-04-30

BUY

10.380

Andrew Cook

Great way to play gold if you are bullish on it. It’s certainly a safer way to play gold.

2010-04-26

BUY

10.010

Douglas Kee

Well-managed company with reasonably good prospects of growing production.

2010-04-20

BUY

10.160

Jim Huang

Has lagged the price of gold for the last little while. Have had some operational issues with cost overruns. Have high exposure to base metals, copper in particular. Thinks most of their problems are behind them and they should do well.

2010-04-19

BUY

10.230

One of his favourite golds. In good financial shape. You are going to see a little increase in production next year but by 2013 it should go up another 15%. Very cheap.

2010-04-15

DON'T BUY

10.370

Before this gold run is over, there is going to be a frenzy of people running into a few stocks. This is the incredibly undervalued stock. 30% discount to the rest of the group. Problem is that there is a real issue in the market with how these guys run things.

2010-04-13

DON'T BUY

10.480

Steve Carlin

Prefers other gold names. Have always failed to deliver on their promises.

2010-04-12

PAST TOP PICK

10.480

(A Top Pick Apr 23/09. Up 7.8%.) One of the more disappointing gold plays but likes what they have in South America.

2010-04-12

BUY

10.320

Model price is $19.78 giving it a 96% upside. Has had a nice pullback.

2010-04-01

BUY

9.970

Good time to buy when the commodity is retreating. Growing organically and building a few mines. Relatively low-cost million-ounce producer. Won't see much production growth in 2010-2011 but as the new mines come on production should increase.

2010-03-30

BUY

10.270

From time to time, the price of gold will lead the stock price. If gold is going up sharply, then chances are the revenues will widen over the costs giving tremendous positive leverage. In a flattish environment, gold bullion will do better than the stocks.

2010-03-12

BUY

11.110

Great Buy. Well diversified number of mines in Brazil. First few years they where buying and building and did a very good job. Stated they will no longer be in the M&A game but will grow current assets. Not much growth for the next 1.5 years so you could see it trade sideways. 35% of revenue currently is copper and there could be a hiccup in copper. Very cheap.

2010-03-08

STRONG BUY

11.110

Is surprised they aren’t doing better. They had some great updates on the properties recently. Gold and copper properties are delivering. It looks like a good growth story and looks cheap. They are delivering.

2010-03-01

TOP PICK

11.160

Mid-sized company that will increase its production by 50-60% over the next 4 years. Cash flow is going to go up like a rocket.

2010-02-17

STRONG BUY

11.350

(Market Call Minute.) Gold stocks look incredibly cheap and these guys have decent production growth. Have copper as well.

2010-02-01

TOP PICK

12.050

Production will be fairly flat over the next couple of years as it is divesting itself of a couple of non-core positions but expects production will accelerate in 2012-2013.

2010-01-18

BUY on WEAKNESS

11.920

A very volatile stock. If it sold off much more from here he would probably add to his holdings. If you like gold, this is a stock that will move. Good company.

2009-12-21

DON'T BUY

12.730

Jaime Carrasco

Management sold one of their better properties, at not a very favourable price, to another company owned by management. This left a sour taste in his mouth. Good assets and low-cost producer.

2009-12-11

BUY on WEAKNESS

14.190

Production has been ramping up to 1 million ounces. Historically has grown through acquisition and are now bringing these properties on stream. Try to buy a $12.50.

2009-11-26

TOP PICK

14.520

Gold and copper. Produce about 1.1 million ounces of gold and will probably grow to 1.4 million. 6 different mines in pretty safe locations. Have produced above expectations in the last 4 quarters.

2009-11-25

BUY on WEAKNESS

12.590

Peter Grandich

Starting to see several mining shares, including producers, declining in spite of higher gold prices. Usually an early sign that a correction or consolidation is here. But on any consolidation/correction of 5%-10% producers like Yamana (YRI-T) or Agnico-Eagle (AEM-T) would be a Buy.

2009-11-05

DON'T BUY

11.650

Craig MacAdam

Between Eldorado (ELD-T), Goldcorp (G-T) and Yamana (YRI-T), Goldcorp would be his favourite however, seasonally, he is a little bit cautious on gold. US$ has been extremely weak and very beneficial to gold prices but is becoming a a bit of a crowded trade so commodities are probably poised for a pullback.

2009-11-02

TOP PICK

12.050

It has lagged the group a little bit. Production looks like it is surpassing expectation for the second half. When people start to believe they can bring their production numbers in on time and on budget, he doesn’t think there is another mid-tier producer that has quite the growth profile that is trading as cheaply.

2009-10-06

SELL

12.140

Steve Carlin

South American oriented. Bloom is off the rose. He prefers others. They have done a number of acquisitions and have gradually changed course. You don't really know what the next step is going to be.

2009-09-16

TOP PICK

11.360