Stockchase Opinions

Larry Berman CFA, CMT, CTA iShares Gold Bullion ETF CGL-T COMMENT May 25, 2015

Gold. CGL-T is a way to hold gold bullion, but hedge the Canadian dollar. The mining sector is dirt cheap. Below $1175 be wants to own it and will sell by $1225. If inflation starts to kick in, then gold will shine again but you don’t play for that today.

$10.700

Stock price when the opinion was issued

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Own it as gold bullion. It helps diversify the portfolio. Bullion helps protect against both inflation and deflation and is more resilient in a low growth environment.