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Bullboard - Stock Discussion Forum iShares 1-10 Year Laddered Government Bond Idx ETF T.CLG

The investment objective of the Fund is to replicate, to the extent possible, the performance of the FTSE Canada 1-10 Year Laddered Government Bond Index the Index, net of expenses. The Fund uses an indexing strategy to achieve its investment objective. Under this strategy, the Fund seeks to replicate the performance of the Index, net of expenses, by employing, directly or indirectly, through... see more

TSX:CLG - Post Discussion

iShares 1-10 Year Laddered Government Bond Idx ETF > Gold soared close to a 25-year high Friday
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Post by PGMBOY on Jan 09, 2006 8:28am

Gold soared close to a 25-year high Friday

The Globe and Mail reports in its Saturday, Jan. 7, edition the price of gold soared close to a 25-year high Friday. A Bloomberg dispatch to The Globe reports that futures contracts for February delivery climbed $13.40 (U.S.) to $541.20 (U.S.) an ounce on the Comex division of the New York Mercantile Exchange. That marks the highest close since March, 1981. Carried by bullion prices, the Canadian gold sector led the Toronto Stock Exchange higher Friday. Kinross Gold stock climbed 49 Canadian cents to finish on the TSX at $11.92 (Canadian). Bema Gold stock climbed Friday to its highest level since Dec. 1, 2004, hitting $4.06 (Canadian) intraday. The stock finished ahead 23 Canadian cents at $3.96 (Canadian). More than 17 million Bema shares changed hands Friday. This made Bema the most heavily traded stock on the Toronto exchange. Unnamed analysts said Bema was playing catch-up with its peers. Analysts also suggested investors were paying more attention its high-grade gold and silver project in Russia and its Cerro Casale copper and gold deposit in Chile. Bloomberg says copper prices reached a record high of $2.11 (U.S.) a pound earlier last week.
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