GGN News and Press, GAMCO Global Gold Natural Resources & Income Trust From 03/08/23

2023-03-08 00:46:17 ET Summary GAMCO Natural Resources Gold & Income Trust is an equities closed-end fund. As per its mandate, the fund is currently overweight mining companies and energy stocks, which comprise over 58% of the fund. The CEF has a low leverage ratio of 20% ...

Summary No Fed pivot to lower rates in 2023. Stocks are in trouble if Treasury yields keep rising. Buy high yields to hedge your portfolio. Gold equities and Tellurian Inc. have asymmetric upside. Between October 13 and February 2, the stock market enjoyed a healthy re...

Summary Market pressures in precious metals and oil will likely drive GAMCO Global Gold, Natural Resources & Income Trust higher. The two pressures are likely to join forces at a similar timing. We aren't expecting any changes in GGN dividends. Gabelli Funds' GAMCO Glo...

If you made money investing in oil this year, congratulations! But I have a warning: now is the time to take profits—especially if you hold the two oil funds we’ll discuss below. Before we get to those, let’s talk a little more about oil’s big year. If you boug...

Summary GGN is an equity CEF that holds global energy and mining conglomerates' shares. The fund has a spotty performance and has not been an effective inflation hedge given its overweight position in gold miners and European energy companies. Even if an investor would have kn...

Summary GGN is a very high-yielding closed-end fund that primarily invests in gold and energy. Gold is historically a strong performer during inflationary times but it has not been performing very well over the past year. Gold may see its performance improve long-term since th...

Summary The market is due for a bounce, but 31% downside to equities is possible. Inflation could take 10 years to fully revert. Tech stocks, growth stocks, long bonds and 60-40 are over. Energy, green minerals, MLPs, high income, emerging market and precious metals are th...

21 out of 23 CEF sectors were positive on price and 16 out of 23 sectors were positive on NAV last week. Saba moves against SMM. XFLT closes a common share and convertible share offering. Author's note: This article was released to CEF/ETF Income Laboratory members on ...

Distribution remains constant at $0.03 per month with GAMCO. Price swings seem tied with NAV swings. Buying on fund price dips might be a means for increasing yield. This isn't a fund without risk, specifically risks with covered call trading. In times of macroeconom...

Despite gradually decreasing its pay-out by almost 79 percent, GGN has recorded an average yield of almost 13 percent over the past 10 years. GGN’s investments are in commodities (gold, mining, energy), which tend to rise alongside inflation, and are considered safer bets durin...