Investment Q&A

Q: I have exposure to gold in the above companies. I'd appreciate any comments you may have in regards to whether to dump or hold, and which gold companies may provide a good alternative at present. I'm thinking some consolidation might be a good idea (too many positions). Thanks.
AGI, ATC, ABX, GFI, GSV, OGC, PVG, SBB

Q: I have owned WPM for many years, up about 200%. I am now 67 and looking for more income. Should I keep it as a hedge, a little income. Your thoughts on telcos?? Everybody ( younger) seem to be able do everything for free in that space! Please deduct appropriate amount of credits.

Q: Why is wpm down today

Q: To get into the silver market would recommend WPM or SLV?

Q: I have had these two co's for 5-6 years. I am currently at a loss of 50-60%. Should I sell these two and consolidate in something like FNV OR AEM or the bullion ETF? Is this the right time or should I wait till the gold price moves up. I only have about 4% of these stocks in my portfolio. Thanks.

Q: Hello Team,

I have owned WPM in the past. The stock moves up and down a lot. Is it time to buy WPM if you have a min. of 1 year hold period? The sell off looks overdone to me.

David

Q: I am paying off my mortgage and had planned to sell my holdings in WPM to help do that....was just waitng until this month when the mortgage term ends....bang... WPM down around 20% in the past month...

Should I hold for a rebound ( I have other holdings I am thining out that can easily make up for it) or is it a lost cause the next 6-18 months. The plan is to ditch it eventually anyway but had not planned on a 20% drop. If just a short term cyclical blip would lean towards holding, if in your opinion it is a fundamental problem with the company I would just suck it up and use the loss to offset my gains from other sales in this tax year.

Q: WPM has sold off. I like a streamer over a miner with the price of gold so low. Time to buy in to WPM ?

Q: Trimming the herd to pay off the mortgage. Any compelling reason not to sell the above names. I have a few others on the maybe trim list if you make a compelling case to keep any of the above. Balanced growth follower.

I am heavy financial ( thus ditching rbc and mfc), wjx is one of my dogs ( offsets some of my gain on financials) and rus- tpk -wpm have gone sideways so no gain-loss on them. Gets me out pretty cap gain neutral and cleans out a bit of dead weight not in your balanced portfolio

Q: Hi, if you had to let one of the above go tomorrow to free up a bit of cash, which one would you choose?

Q: Hi, I am looking to sell my SVM shares to take a tax loss. However, with the price of silver down and a potential bounce that may occur soon, could you recommend a couple alternatives I could buy now to take advantage of any bounce that occurs in the precious metals? I already own AEM and Goldcorp on the gold side. How does First Majestic compare with SVM, besides it being triple the market cap, would it be a suitable replacement? Any better options that may offer more torque in a bounce? Thanks.

Q: Hi 5i. Just a comment, further to your December 8th answer to Paul’s question on opposite direction same-day moves exhibited by WPM and precious metals prices. In addition to the points you made, it is probably worth considering that the value in the market of either a royalty streaming company or a metals producer is more tied to available futures contracts than to the present day's spot price for the metal. It makes sense to value a producer by the expectations for the entire period of time it will be producing. Generally what people see quoted is either spot or a futures price for a single delivery date, rather than something that extends out over the range of the futures contracts for the next several years. As futures pricing can shift relative to spot, and different futures dates’ pricing can shift relative to each other, it is not only possible that individual companies will move opposite to a commodity quote on a given day, it is almost certain to occur fairly frequently.

Q: Peter, why does WPM go up on some days that Gold and Silver are down ? P

Q: I am trying to figure out how to deal with precious metals holdings in our portfolios, which are mostly in registered accounts. We have held WPM (previously SLW) for quite a few years and I have watched it get to a + 60% profit and then erode back to what is now a -3% loss. FR was purchased a year and a half ago and is now at a loss of -53%. Our total allocation was about 5% but is now just over 2%. Should these be left 'forever' to rise and fall with the precious metal pricing and just be used to balance a weak equity market. Or, should they be traded at some point (question of course, as always, is "what point?" ). As our allocation now is half of what it was, should I be topping up to 5% again ? I just don't get how to handle this part of our portfolio and would appreciate any illumination you can shed ! Also, any suggestions as to whether I should stick with WPM and FR or make changes,( particularly with FR?). Thanks, as always.

Q: I've been holding Barrick Gold and Wheaton for awhile now and I'm down 20% and 15% on them. Is it time to cut my losses and dump them, or continue to hold them as a hedge against a possible downturn?

Q: Does SSL or WPM demonstrate better growth potential at this time in your analysis?
Thank you for your advice.

Q: Hi Peter and Team,
I am holding two gold stocks, AEM and KL, and thinking to buy one silver stock.

In the past you did like FVI Funtuna Silver, do you still like it, or would you prefer WPM
Wheaton Precious Metal Group instead?

Thanks for your advice.

Q: Has the objectives of Silver Wheaton changed since re-naming to Wheaton Precious Metals? And is it necessary to own both silver and gold from the perspective of a precious metals hedge against risk? I have WPM at a loss and considering selling for tax reasons, and deciding between a shift to SSO or topping up on FNV or AEM.

Q: Hello the team,

what is going on with Silver Wheaton? Why are they not trading without any explanations?

Many thanks!

Galina

Q: Team,
Just like your thoughts on the listed stocks and which you would add ( in some order of preference) to an existing portfolio skewed to secure dividends and modest growth with a target 7-8% combined dividend and growth. Conversely is any one a definite NO.
Thx