Steven Schultz from Momentum chose NewGold Issuer as his stock pick of the day.

My stock pick this evening is NewGold and I think it is definitely time for investors to takeout a little bit of insurance and it doesn't get better than being gold of course and I think the the two real risks at the moment is the market getting ahead of itself, and you can see it right now in real time happening in the US. A lot of the price gains that we're witnessing is a flood of money coming through from central banks which is almost plastering over some of these is deep-rooted cracks in the economy, the real economy that we feel. So a little bit of safe haven insurance, and even if one is wrong on that thesis, I think all of this flood of money in an economy that's booming is undeniably going to create inflation in which case gold again could be pretty useful in ones portfolio