GGN News and Press, GAMCO Global Gold Natural Resources & Income Trust From 10/30/19

Gold has been in the spotlight since June when it broke out to the upside above its critical resistance level at the July 2016 high of $1377.50 per ounce. That price stood as a line in the sand on the upside for the precious metal for almost three years before it finally gave way. The price ra...

Produced by The Belgian Dentist for The Income Strategist In December we told that the backdrop for investing in the GAMCO Global Gold, Natural Resources & Income Trust ( GGN ) had improved considerably. In July we became neutral because of the nice performance of the fund in...

By David Brady, CFA While it seems that nothing much has happened in the past week or two, metals and miners have stopped falling after a tremendous rally. Such consolidation bodes well going forward, as does increasingly desperate actions on the part of the Fed and other central banks. We...

Gold is money. The yellow metal has been around as a means of exchange long before there were dollars, euros, yen, pounds, yuan, or any of the other currencies of the world today. The role of gold as an instrument of exchange precedes the Bible. If you have never held a pure gold bar or one-...

Passions and opinions in the silver market always run high. Some market participants believe there is a cabal of institutions and governments that hold the price of the metal down. Recently, a handful of traders received government RICO indictments for spoofing or manipulating the price of sil...

Gold broke out above its critical level of technical resistance in June. The price of the yellow metal rose above the July 2016 high at $1377.50 and has not returned to that price. Gold moved to the upside in what was almost a perfect bullish storm for the precious metal. Falling interest rate...

The gold miners are likely to report blowout profits in this spinning-up Q3'19 earnings season. Higher production, stable costs, and much-higher gold prices should combine for some super-impressive results. That's going to leave the still-undervalued gold miners much more attractive fundamenta...

GAMCO Global Gold, Natural Resources & Income Trust (NYSE: GGN ) is a closed-end fund from the 'Gabelli Asset Management Company' which is recognized as a pioneer of fund management. GGN with $536 million in total assets and an inception date from 2005 is unique in that it combines an in...

Gold investment demand was strong in the months following gold's decisive breakout to new bull-market highs in late June. The metal's upside momentum fueled big capital inflows, accelerating its gains. But soon after gold's upleg stalled, so did the investment buying. With stock markets still ...

After the early September high, the gold market stopped dead in its tracks. Over the recent weeks, the yellow metal has been hugging the $1500 per ounce level, which is still over $100 above the critical technical support at $1377.50 per ounce. Gold rose to its highest price since 2013 as a ...