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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (60919)	2/9/2010 7:51:36 AM
From: carranza2	Respond to of 217620

A bit of irony for ya. Now that CIC is into gold ETFs, it is co-owner with Paulson & Co., a huge owner of Au ETFs, who yesterday announced that Alan Greenspan had been hired as an advisor. Strange bedfellows or what? I find the CIC entry into USO pretty much a non-event because the position is so small, and CIC can target its investments on individual properties a lot more precisely. Gold is gold, so how it is bought doesn't matter much unless one is a physical vs. paper fanatic. I don't mind owning paper gold, and CIC has in a way put the good housekeeping seal of approval on it. Gold should get a boost from the CIC position, but I don't yet see it. Too soon, perhaps. Gold is cheap.