iShares Gold Bullion ETF

CGL-T

Analysis and Opinions about CGL-T

Signal
Opinion
Expert
SELL
SELL
August 20, 2019
Gold makes sense as a small part of many investors portfolios as an alternative asset class. In the recent market panic gold rallied quite a bit. Thinks perhaps it rallied too much. A small position in gold or other precious metals no more than single-digit % could make sense purely as a diversifier. As a long term buy and hold he would suggest to trim. If you look at the producers he would look at them just like any other equities, look at their book, the management, debt to equity ratio, geographic risks, etc.
Gold makes sense as a small part of many investors portfolios as an alternative asset class. In the recent market panic gold rallied quite a bit. Thinks perhaps it rallied too much. A small position in gold or other precious metals no more than single-digit % could make sense purely as a diversifier. As a long term buy and hold he would suggest to trim. If you look at the producers he would look at them just like any other equities, look at their book, the management, debt to equity ratio, geographic risks, etc.
Daniel Straus
Head of ETF Research & Strategy, National Bank Financial
Price
$12.720
Owned
Unknown
TOP PICK
TOP PICK
June 25, 2019
Not hedged (though there is a hedged version, a 50/50 split is fine). This gains exposure to gold, which you must own now.
Not hedged (though there is a hedged version, a 50/50 split is fine). This gains exposure to gold, which you must own now.
Mike Philbrick
President, ReSolve Asset Management
Price
$11.965
Owned
No
COMMENT
COMMENT
March 12, 2019
He likes gold in small amounts in a portfolio, not expecting it to appreciate a lot. Over the long haul, gold just sits there and is de-coupled from the stock market. Gold offers diversification. He holds very little gold. CGL is currency-hedged and is the biggest and most liquid gold ETF in Canada.
He likes gold in small amounts in a portfolio, not expecting it to appreciate a lot. Over the long haul, gold just sits there and is de-coupled from the stock market. Gold offers diversification. He holds very little gold. CGL is currency-hedged and is the biggest and most liquid gold ETF in Canada.
Daniel Straus
Head of ETF Research & Strategy, National Bank Financial
Price
$11.080
Owned
Unknown
HOLD
HOLD
August 31, 2018

He thinks gold and silver are not in a friendly economic space right now, with good economic growth and no fear of rapid inflation. He would still consider this a holding to keep as a diversifying tool in your portfolio, because we do not know the future.

He thinks gold and silver are not in a friendly economic space right now, with good economic growth and no fear of rapid inflation. He would still consider this a holding to keep as a diversifying tool in your portfolio, because we do not know the future.

Mike Philbrick
President, ReSolve Asset Management
Price
$10.210
Owned
No
COMMENT
COMMENT
May 29, 2017

A hedged way to play the gold market. He has about a third of a position. Gold equity holdings are much more volatile than gold itself. If you believe gold is going up then you make more money on the equity side. We are in the mid-to-upper end of the range of the trading of this ETF. This is a no growth story.

A hedged way to play the gold market. He has about a third of a position. Gold equity holdings are much more volatile than gold itself. If you believe gold is going up then you make more money on the equity side. We are in the mid-to-upper end of the range of the trading of this ETF. This is a no growth story.

Larry Berman CFA, CMT, CTA
Chief Investment Officer, Partner, ETF Capital Management Inc.
Price
$11.090
Owned
Yes
COMMENT
COMMENT
March 29, 2017

XGD-T vs. CGL-T. CGL-T just holds gold bullion. There is a currency hedge on it. Gold mining companies tend to be pretty correlated over the long term. CGL-T is a more pure exposure and bypasses the gold companies. XGD-T is really just the companies. If you think they have opportunities then this is your vehicle of choice. CGL.C-T is not hedged. XGD-T is an equity investment, CGL-T is a commodity investment.

XGD-T vs. CGL-T. CGL-T just holds gold bullion. There is a currency hedge on it. Gold mining companies tend to be pretty correlated over the long term. CGL-T is a more pure exposure and bypasses the gold companies. XGD-T is really just the companies. If you think they have opportunities then this is your vehicle of choice. CGL.C-T is not hedged. XGD-T is an equity investment, CGL-T is a commodity investment.

Daniel Straus
Head of ETF Research & Strategy, National Bank Financial
Price
$10.890
Owned
Unknown
TOP PICK
TOP PICK
July 11, 2016

Canadian dollars, gold Bullion. It just broke to a new high, outperforming the market, and momentum indicator are positive.

Canadian dollars, gold Bullion. It just broke to a new high, outperforming the market, and momentum indicator are positive.

Don Vialoux
Research Analyst, TimingTheMarket.CA & EquityClock.COM
Price
$11.950
Owned
No
WAIT
WAIT
May 27, 2016

iShares Gold Bullion (CGL-T) or iShares Comex Gold (IGT-T)? This one probably meets your needs, however thinks it is too early for gold. Gold had quite a little rally. If the Fed raises rates and the US$ strengthens, which it will, gold will take a hit. Gold has really worked in the past because of inflation, and we really don’t have that yet. Central banks globally are working on getting inflation going, and it is probably going to start in the US first. Before then, it is pure speculation.

iShares Gold Bullion (CGL-T) or iShares Comex Gold (IGT-T)? This one probably meets your needs, however thinks it is too early for gold. Gold had quite a little rally. If the Fed raises rates and the US$ strengthens, which it will, gold will take a hit. Gold has really worked in the past because of inflation, and we really don’t have that yet. Central banks globally are working on getting inflation going, and it is probably going to start in the US first. Before then, it is pure speculation.

David Cockfield
Managing Director, Northland Wealth Management
Price
$10.690
Owned
Unknown
COMMENT
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.

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.

Larry Berman CFA, CMT, CTA
Chief Investment Officer, Partner, ETF Capital Management Inc.
Price
$10.700
Owned
Unknown
PAST TOP PICK
PAST TOP PICK
November 6, 2014

(Top Pick Nov 05/13, Down 26.64%) It did not work out well. Had a high dividend. A few months ago he met with management and was discouraged by a few things. He exited a few months ago.

(Top Pick Nov 05/13, Down 26.64%) It did not work out well. Had a high dividend. A few months ago he met with management and was discouraged by a few things. He exited a few months ago.

Colin Stewart
CEO & Portfolio manager, JC Clark Investments Ltd.
Price
$10.140
Owned
No
WAIT
WAIT
March 31, 2014

If you are investing in gold because you think the world will blow up and you will want the physical bar, then go out and buy the bars now. CGL had a double bottom, but he thinks there is one more dip that goes lower and maybe then that is it.

If you are investing in gold because you think the world will blow up and you will want the physical bar, then go out and buy the bars now. CGL had a double bottom, but he thinks there is one more dip that goes lower and maybe then that is it.

Larry Berman CFA, CMT, CTA
Chief Investment Officer, Partner, ETF Capital Management Inc.
Price
$11.400
Owned
Unknown
PAST TOP PICK
PAST TOP PICK
March 5, 2014

(Top Pick Feb 28/13, Down 15.54%) He felt there was support, but when it broke he got out.

(Top Pick Feb 28/13, Down 15.54%) He felt there was support, but when it broke he got out.

Michael Bowman
Portfolio Manager, Wickham Investment Management
Price
$11.900
Owned
No
PAST TOP PICK
PAST TOP PICK
February 7, 2014

(A Top Pick Feb 28/13. Down 20.09%.) This fell through support at $13.30, so he sold. This was simply a technical trade.

(A Top Pick Feb 28/13. Down 20.09%.) This fell through support at $13.30, so he sold. This was simply a technical trade.

Michael Bowman
Portfolio Manager, Wickham Investment Management
Price
$11.250
Owned
No
TOP PICK
TOP PICK
February 28, 2013

Technical trade here. Thinks it would be a short term trade – 6 months.

Technical trade here. Thinks it would be a short term trade – 6 months.

Michael Bowman
Portfolio Manager, Wickham Investment Management
Price
$14.230
Owned
Yes
BUY
BUY
October 29, 2012

Not problem holding this for long periods of time. Only 10-15% of the ETF is held in paper form. The rest is gold. He is not worried about it.

Not problem holding this for long periods of time. Only 10-15% of the ETF is held in paper form. The rest is gold. He is not worried about it.

Larry Berman CFA, CMT, CTA
Chief Investment Officer, Partner, ETF Capital Management Inc.
Price
$15.270
Owned
Unknown
Showing 1 to 15 of 30 entries