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home / news releases / XME - GGN: Stay Cautious And Vigilant On This CEF


XME - GGN: Stay Cautious And Vigilant On This CEF

Co-produced by Stanford Chemist

GAMCO Global Gold, Natural Resources & Income Trust (GGN) has been brought up several times in the CEF/ETF Income Laboratory and is quite popular on the Seeking Alpha website as a whole. I was surprised that almost 12k investors follow this ticker. The primary attraction to GGN is its distribution rate coming in at a whopping 14.22%. The fact that it is a Gabelli fund could also be causing some of its popularity. Gabelli is a generally well known closed-end fund sponsor.

My skepticism of GGN begins with its

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Stock Information

Company Name: SPDR S&P Metals & Mining
Stock Symbol: XME
Market: NYSE

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