Commodity ETF Alert June 2010 Special Update IAU

| June 25, 2010 | 0 Comments

June 25, 2010

Important news about our position in iShares COMEX Gold Trust (IAU)

They just completed a 10 for 1 share split.  For every share of IAU you had in your portfolio, you now own 10 more.

For example:  If you owned 100 shares before the split, you now own 1,000 shares after the split.

You probably already noticed the share price is much lower than where it was earlier in the week.  Don’t worry, the extra shares make up for the lower price.

The current price for IAU is $12.28…

This is a great move.  The share price is now more reasonable for the average investor. We should see even more demand in the market for IAU.

Remember, this change does not affect the cost basis or the historical performance for our position.  All you will see is a change in the number of shares you own (and the price).

We’re still up big on this trade and I still see big upside for gold prices in coming months.

If you have any other questions on the IAU share split, please contact your broker. They will have all the detailed information you need.

Category: Commodity Trading

About the Author ()

Justin Bennett is the editor of Commodity ETF Alert, an investment advisory focused on profiting from the ebb and flow of important commodities via ETFs. The commodity veteran and options specialist is also a regular contributor to the Dynamic Wealth Report. Every week, Justin shares his thoughts with our readers on a variety of commodity-related topics. Justin is also a frequent contributor to Commodity Trading Research’s free daily e-letter. And he’s the editor of another highly successful and popular investment advisory, the Options Profit Pipeline.