GGN News and Press, GAMCO Global Gold Natural Resources & Income Trust From 11/27/19

When I started in the gold business in the early 1980s, South Africa was the world's leading producer of the yellow metal. Over the past four decades, the world has changed dramatically. So has the process of extracting precious metals from the crust of the earth. Today, China is the leading...

Gold hit rock bottom around the turn of this century when the United Kingdom, in its infinite wisdom, sold half of its reserves of the yellow metal. The sale was more than ironic on many levels. London is the hub of the international gold market, and the Bank of England had been both a regulat...

The mid-tier gold miners just reported their results for a phenomenal gold quarter. In Q3’19, this metal surged after its first bull-market breakout in years, driving much-higher prevailing prices. That should’ve led to soaring profits for these mid-tiers in the sweet spot for st...

I still believe that a correction is coming; however, I think there are limited opportunities in today's market. That said, I have not made any significant changes to the sector allocations presented in the last article . The one change I am thinking about making is to increase the allocati...

The gold market has attracted lots of attention since the yellow metal broke out of its long-term trading and consolidation range in June 2019. Gold had traded in a band from the December 2015 low at $1046.20 to the July 2016 high at $1377.50 since 2014. When the US Fed told markets to expect ...

We're now more than 90% through the Q3 earnings season for the Gold Miners Index ( GDX ), and we haven't seen much improvement from where we sat a little over two weeks ago. With nearly all of the bigger names have reported, we saw only 40% of gold miners ( GOAU ) manage to beat their earni...

The gold futures market went on an impressive run in 2019. The low for the year came in April when the continuous futures contract on COMEX fell to a low at $1266 per ounce. In June, the US Federal Reserve lit a bullish fuse under the yellow metal when it told markets to expect interest rates ...

The major gold miners just enjoyed a phenomenal quarter for gold, which soared after its first bull-market breakout in years. Q3'19's much-higher prevailing gold prices should've driven soaring earnings for the miners, due to their big inherent profits leverage to gold. So this just-completed ...

Note: This article was released to members on October 19, 2019. Chemist's Closed-End Fund Report 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 ...

Last year, during the fourth quarter, all hell was breaking loose in markets across all asset classes. The price of oil was collapsing from $76.90 to $42.36 per barrel. Stock prices plunged, and a general environment of risk-off gripped investors and traders. The selling came from a fear that ...