The Globe and Mail reports in its Wednesday edition that worries about how the new COVID-19 Omicron variant could threaten global economies have triggered wild stock market swings that may generate more tax-loss selling and better bargains for a potential Santa Claus rally. In a Globe special, Shirley Won writes that David MacNicol, president and portfolio manager at MacNicol & Associates Asset Management, says his firm is now researching tax-loss opportunities that could produce a short-term profit in a potential Santa Claus rally. Agnico Eagle Mines is "one of our favourite large-caps" among potential tax-loss candidates, he says. The gold miner has full exposure to higher bullion prices because of its policy of not selling its future production forward while its mines are in safer jurisdictions such as Canada, Mexico and Finland. Gold miner B2Gold, which operates mines in Mali, Namibia and the Philippines, is "our second favourite," he says. "The mines are not in as friendly places as Agnico's, but we're comfortable with that." He also likes Vaneck Junior Gold Miners ETF, which provides exposure to 100 stocks. "If that [gold] market recovers ... this ETF will have the greatest leverage to recover quickly."