Investor Insights

This summary was created by AI, based on 2 opinions in the last 12 months.

Experts are recommending iShares Gold Bullion ETF (CGL-T) as a good way to play exposure to gold and the commodity market. They see it as a hedge against inflation and geopolitical events, especially when compared to mining companies. There is optimism about the potential for gold to move higher, with the unhedged version CGL.C catching their eye.

Consensus
Positive
Valuation
Undervalued
Similar
GLD-T, c3duL695L
BUY
Good resource sector ETF?

It's such a broad sector, from energy to oil-related to materials to gold or uranium.

The most popular one related to the energy index is probably XEG. Exposure to most of the larger Canadian energy producers like CNQ, SU, etc.

What's catching his eye more right now is CGL, the gold bullion ETF. Recently broken out. He can see a scenario where gold moves higher to $2600 or even $3000 over the next year and a bit. Avoids the issues that come with mining in certain jurisdictions. Good way to play exposure to gold and to the commodity market in general.

E.T.F.'s
WEAK BUY

With mining companies, so much can go wrong. If looking to hedge against inflation or geopolitical events, look at gold bullion instead. CGL.C is the unhedged version.

E.T.F.'s
PAST TOP PICK
(A Top Pick Aug 15/22, Up 16%)

Gold is a good hedge against inflation.
Good place for investors who are worried about recession.
Will keep shares.

E.T.F.'s
BUY
Gold ETF and outlook? Careful because gold stock beta and gold beta are different. Better to buy gold itself, like this ETG or HUG-T which is cheaper and offers some tax saving.
E.T.F.'s
BUY

GLD is the most liquid and actively traded one. It is a good way to hold gold bullions. If you want a currency hedge, he would use CGL. Gold stocks look cheap versus gold bullion right now.

E.T.F.'s
PAST TOP PICK
(A Top Pick Jun 25/19, Up 21%) He got it in Canadian $ on purpose. He wanted the US dollar exposure with the gold exposure to act as a diversifier. It has done exceptionally well due to inflation and slowing growth. It is outperforming the NAZDAQ.
E.T.F.'s
SELL
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.
E.T.F.'s
TOP PICK
Not hedged (though there is a hedged version, a 50/50 split is fine). This gains exposure to gold, which you must own now.
E.T.F.'s
COMMENT
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.
E.T.F.'s
HOLD

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.

E.T.F.'s
COMMENT

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.

E.T.F.'s
COMMENT

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.

E.T.F.'s
TOP PICK

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

E.T.F.'s
WAIT

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.

E.T.F.'s
COMMENT

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.

E.T.F.'s
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iShares Gold Bullion ETF(CGL-T) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 2

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 2

Stockchase rating for iShares Gold Bullion ETF is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

iShares Gold Bullion ETF(CGL-T) Frequently Asked Questions

What is iShares Gold Bullion ETF stock symbol?

iShares Gold Bullion ETF is a Canadian stock, trading under the symbol CGL-T on the Toronto Stock Exchange (CGL-CT). It is usually referred to as TSX:CGL or CGL-T

Is iShares Gold Bullion ETF a buy or a sell?

In the last year, 2 stock analysts published opinions about CGL-T. 2 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for iShares Gold Bullion ETF.

Is iShares Gold Bullion ETF a good investment or a top pick?

iShares Gold Bullion ETF was recommended as a Top Pick by on . Read the latest stock experts ratings for iShares Gold Bullion ETF.

Why is iShares Gold Bullion ETF stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is iShares Gold Bullion ETF worth watching?

2 stock analysts on Stockchase covered iShares Gold Bullion ETF In the last year. It is a trending stock that is worth watching.

What is iShares Gold Bullion ETF stock price?

On 2024-06-20, iShares Gold Bullion ETF (CGL-T) stock closed at a price of $18.74.