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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (60254)	6/18/2019 11:38:24 AM
From: Goose94	Read Replies (1) \| Respond to of 203362

iShares S&P/TSX Global Gold Index ETF (XGD-T) new 52 week high, $13.15

To: Goose94 who wrote (60254)	5/21/2020 3:05:09 PM
From: Goose94	Read Replies (1) \| Respond to of 203362

iShares S&P/TSX Global Gold Index ETF (XGD-T) top pick from Andrew "Still in the" Pink on BNN.ca Market Call Thirst-day May 21st @ 1200ET This Blackrock ETF invests in member companies of the S&P/TSX Global Gold Index. Newmont, Barrick, Franco-Nevada and Agnico Eagle Mines make up nearly 60 per cent of the total net asset value. Gold has recently grown to a 10 per cent weight in the TSX Composite and is currently breaking into new highs at $1,750. This is not only a flight-to-safety trade and ongoing quantitative easing will undoubtedly put pressure on real rates and drive gold prices higher as carry costs virtually disappear. While not expected in the near term, ongoing quantitative easing is likely to fuel inflationary pressures in the medium-to-long term. We expect investor anticipation will continue to drive the price of gold higher. Further support for the direction of gold prices (unique to the current global crisis situation) relates to mine suspensions. There is a meaningful number of mines currently offline which will have a global supply impact in 2020. We believe these conditions together warrant exposure to the sector.