GGN News and Press, GAMCO Global Gold Natural Resources & Income Trust From 09/10/19

Citigroup says gold prices may rally to a record $2,000-plus per ounce in the next two years, citing rising risks of a global recession and the potential for the Federal Reserve to reduce interest rates to zero. More news on: SPDR Gold Trust ETF, VanEck Vectors Gold Miners ETF, Direxion ...

This article was originally published 1 month ago. Quantitative screens help to rapidly narrow down attractive candidates from the database of 500-plus closed-end funds [CEFs] for further due diligence and investigation. Previous editions of the Report can be searched using the keyword "ce...

Gold has been in a bull market since the early 2000s. In 1980, the yellow metal reached a high at $875 per ounce. In early 2008, the price moved above that level for the first time. In 2011, it reached its peak at $1920.70 per ounce in dollar terms before a correction took the price to a low a...

The gold miners' stocks have grown very overbought after soaring dramatically higher in recent months. Blasting really far really fast has left this sector really stretched technically and sentimentally. Excessive gains and greed always soon lead to major corrective selloffs, which are necessa...

Gold prices ( GLD -2.5% ) logged their largest one-day dollar loss in nearly three years , with December Comex gold settling -2.2% at a two-week low $1,525.50/oz., following news that the U.S. and China agreed to work toward a fresh round of trade talks and stronger than expected U.S. p...

The defensive posture that investors have embraced all summer is still evident, and it still favors owning gold as a hedge against global market risk. As I’ll explain in today’s report, the market’s “risk-off” mentality will continue boosting gold prices well...

Gold futures rally ( GLD +1.6% ) as uncertainties around U.S.-China trade relations and Brexit are exacerbated by data showing a decline in U.S. manufacturing ; December Comex gold +1.7% to $1,556.20/oz., December silver +4.1% to $19.10/oz. More news on: SPDR Gold Trust ETF, Barr...

Over the past few weeks, we have received questions about whether gold or gold stocks are the best way to access the current bull market, so we thought it would be helpful to review how this bull market compares with those of the past. Bull markets can be classified as either secular (long-t...

The dollar is the king of currencies. The US currency is the reserve asset of choice for central banks around the world because the political and economic system of the wealthiest nation on earth is stable. The dollar is accepted legal tender around the globe. In the past, the value of one c...

In June, gold broke out of the $331.30 trading range that had contained the price action since 2014. For more than half a decade the precious metal consolidated after its decline from the all-time peak in 2011 at $1920.70 to what turned out to be a bottom in December 2015 at $1046.20. The 50% ...