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$91.29 0.63 (0.69%)
7/24/2008 2:22 PM

iShares COMEX Gold Trust (ETF) (IAU)

CAPS Rating:
***

Prov investors to own interests in gold bullion

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What the Community Thinks

iShares COMEX Gold Trust (ETF) At A Glance

Current Price: $91.29
Last Trade Time: 7/24/2008 2:22 PM
Open: $91.17
Previous Close: $90.66
Daily Range: $90.36 - $91.59
52-Week Range: $63.53 - $100.48
Volume: 188,483
Market Cap: $1.81B
P/E Ratio: 71.95
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Stock Trends

IAU VS S&P 500 (SPY)

IAU 12 month chart vs. S&P

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Top Bull Pitch

Recs

3

iShares COMEX Gold Trust (ETF) (IAU)

Avatar utopia27 (76.04) Submitted: 3/18/08 5:56 AM

Hoppin' on the gold bandwagon - historical relationship with oil is about 14-17:1, meaning that if oil is at 100, we should expect 1400 gold. I caught the 2006 upswing, missed the 2007 - now i'm looking for the 2008

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Top Bear Pitch

Recs

1

iShares COMEX Gold Trust (ETF) (IAU)

Avatar daddylight (30.22) Submitted: 10/24/06 5:11 PM

Gold produces nothing. Equities should cover inflation plus productivity growth in the long run while gold will just keep pace with inflation.

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Recs

0

 (IAU)

Avatar givmeabreak (90.57) Submitted: 7/17/08 12:11 PM : Outperform Start Price: $96.04 IAU Score: -6.60

People will invest in tangible things. What is more tangible than gold?

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Recs

0

 (IAU)

Avatar EclecticRecluse (71.44) Submitted: 7/07/08 9:35 AM : Outperform Start Price: $90.47 IAU Score: 1.03

Market Momentum ETF

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Recs

0

 (IAU)

Avatar adventurerneil (< 20) Submitted: 6/30/08 6:09 PM : Outperform Start Price: $92.80 IAU Score: -1.86

Should at least hold its value while the market goes to hell short-term, and over the next year I think gold prices will skyrocket.

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0

 (IAU)

Avatar ebitda1 (39.61) Submitted: 6/28/08 10:35 AM : Outperform Start Price: $91.90 IAU Score: 0.13

We have pathetic (McCain) and dangerous (Obama) choices for our economy in this upcoming election. Gold will continue to be a safehaven as the value of our currency continues to decline. The only two ways to reverse the dollars decline would be to 1) stop the growing budget deficit and 2) reverse the trade deficit. In my opinion the only way to stop the budget deficit is through massive cuts in present and especially future government payments (social security and medicare). The only way to reverse our massive trade deficit is to START DRILLING OUR OWN OIL in large quantities. While McCain seems to be in favor of reduced spending and has recently given tepid lipservice to drilling our own oil he is likely to dissapoint on following through. If Obama is elected to work in conjunction with a democratic congress, gold will SIGNIFICANTLY outperform for the next 4 years.

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Recs

0

 (IAU)

Avatar binv271828 (< 20) Submitted: 5/25/08 11:23 AM : Outperform Start Price: $89.86 IAU Score: 9.47

IAU - iShares COMEX Gold Trust. It is fractional ownership in the gold bullion trust and the goal is to track the performance of gold bullion. Why I like this ETF: Gold is going up! (see below). Why I don't: This is essentially paper gold. It is a gold fund backed by gold assets, but the underlying shares can be diluted. For a fund with a more rigorous auditing / ownership process, CEF (Central Fund of Canada) is the best. 50% gold / 50% silver, rigorous auditing, and it is held in Canada! TMFSinchiruna is the most ardent propent of CEF and I agree 100%.

Gold and Silver - Relationship to the USD
Gold and Silver are money. Most people think they are commodoties, which is not inaccurate. To some degree they are; Gold is a reasonably useful industrial material, and silver is a highly useful industrial material. But gold and silver's value is because they have respresented wealth for so long. They are money, and they have value because they are non-dilutive.

Why is Gold and Silver going up? The question is incomplete. The complete question is why is gold and silver going up relative to the US Dollar. Remember, gold and silver are money. And like any form of money it must be valued relative to other currencies. Gold and Silver are going to continue their rise (in terms of USD) because of the extremely inflationary actions of the FED and the current government (and most likely the next government as well). It is a very sad and very unfortunate fact that the USD is being debased and devalued by the current government's fiscal policy. The US Dollar Index is on a very steady decline. There is no reason for it to rise in the current environment. The FED is printing money and trying to inflate the US out of its current economic dilemma. In order to make any kind of dent in inflation The FED has to take a much tougher stance. ... Their most recent "tough talk" on inflation... "We may not cut interest rates next meeting, and it might stay at 2% for the next serveral sessions"... Wow, that is the FED being "hawkish" on inflation. Meanwhile liquidity is being pumped into the system and the dollar is being devalued.

The recent gold and silver correction has provided a good buy-in opportunity. It is already on it's way out of the correction, having made up >50% of its retracement already. It is not too late yet. Once gold goes back over $1000 again, there is nothing on the horizon to hold it back. The FED has made it clear that dealing with inflation takes second seat to proping up the financial system. Unless something drastic (such as a major rise in interest rates) occurs, gold and silver will keep rising.

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