The Globe and Mail reports in its Saturday edition that Martin Pelletier, senior portfolio manager with TriVest Wealth Counsel in Calgary is keen on Agnico Eagle Mines. The Globe's Brend Bouw quotes Mr. Pelletier saying that the Toronto-based gold producer is a stock TriVest started buying last year and have been adding to its portfolios recently. "The stock is down about 40 per cent from its March highs earlier this month [it's down about 30 per cent from those highs as of June 18] and nothing has really changed," he told The Globe. "Cash is a drag on your portfolio. But in near-term environments in which risks aren't being factored in, it gives you optionality, it gives you some insurance, so when things do correct – as they did earlier this year -- you can deploy some of that cash. The business is strong: It has quality assets and a really good balance sheet. It's a levered way to own gold, which we really like right now, and the stock is down more than the gold price [which is down about 24 per cent from its all-time high of about $5,608 in January]. We think gold is a good hedge against possible currency debasement. While there could be some downside, we just don't see an end to U.S. deficit spending."