Sprott Canadian Equity Fund Top Holdings

Sprott has been extremely successful over the past decade by investing in commodity stocks. They are very bullish on materials and energy and not so much on banks. Here is a list of their top 25 holdings as of September 2009. It is usually a good play to get into their top held stocks. As money comes into their funds they will deploy a large percentage of it to their top holdings which will help support the stock prices.

BNK 6 Month Chart

Here is a 6 month BNK Chart with 20/50/100/200 day moving averages. Looks like were stuck near the 20/50 day moving averages right now with support at the 100 day moving average. If the stock dips near the yellow line be sure to pick up some shares!

QUA, QEC, HBM, BNK

Quadra Mining, Questerre Energy, Hudbay Minerals, and Banker's Petroleum are some of my top picks in this market. They would have been extremely great buys in the recent pull back but are also good entries right now. I see their share prices continuing to rise throughout 2010. With copper, gold, oil, and natural gas prices on the rise showing great strength against the recent pullback, I see these stocks benefiting very nicely. They are already up substantially from the lows but I see them going up another 10%+ from here within the next 60 days. These are also very volatile names which can be traded on a short term basis to maximize your gains. I say buy QUA, QEC, HBM, and BNK and you will be very happy with your decision.

Timminco (TIM:TO)

Timminco just released news that it will be expanding its manufacturing operations because it is running at capacity due to high demand for their metals. This is very bullish news and it is why TIM surged 24% today. I expect TIM to see a sharp rally here as shorts panic to cover their positions. TIM has been in a lot of financing trouble lately so I would doubt that this rally would be sustainable. I say get out on the pop sometime this week and be happy with your modest gain.