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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

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iShares 1-10 Year Laddered Government Bond Idx ETF > Richard Russell ''snippet '' Mar 7, 2007

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Post by PGMBOY on Mar 07, 2007 7:39am

Richard Russell ''snippet '' Mar 7, 2007

Richard Russell 'snippet' Dow Theory Letters Mar 7, 2007 Extracted from the Mar 6, 2007 edition of Richard's Remarks Gold -- I note that many gold "experts" are claiming that they saw the gold correction coming, and that it has even further to go. All sorts and varieties of proofs are offered. Personally, I'm not interested in their crystal balls. What I want to do and have been doing all along is accumulating gold in terms of ounces. I'm convinced that gold is cheap here -- dirt cheap compared with the oceans of fiat paper floating around the world. Looking at the chart of GLD (this is the ETF which I use as a proxy for gold) no real damage has been done. GLD has dropped five boxes to the 63 level, it is still above its ascending bullish trendline. Gold is simply a better buy now than it was a month ago. Those are my thoughts on the gold action. My other thought on gold is that my gold position is not for sale. I'm a systematic buyer, not a panic-stricken seller.

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