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

Add To Watchlist

TSX:CLG - Post Discussion

iShares 1-10 Year Laddered Government Bond Idx ETF > Gold may extend its rally

View:

Post by PGMBOY on Jan 09, 2006 8:48am

Gold may extend its rally

The National Post reports in its Monday edition that gold may extend its rally for a third week to a 24-year high. A Bloomberg News dispatch to the Post reports that investors buying bullion to hedge against inflation is pushing prices higher. Fifteen of 34 global traders, investors and analysts surveyed this weekend advised buying gold. Seven advised selling and 12 were neutral. Gold rose 4.3 per cent last week to $541.20 (U.S.) an ounce in New York. That marked its highest closing since March, 1981. Some gold buyers speculate the United States Federal Reserve will ignore signs of accelerating inflation. Some observers expect the Fed to halt the interest-rate hikes begun in June, 2004. "The Fed is willing to tolerate higher inflation. It's very positive for gold." said Stephen Leeb, president of New York-based Leeb Capital Management. Gold futures rose $22.30 (U.S.) an ounce last week on the Comex in New York. © 2006 Canjex Publishing Ltd.

135