GGN News and Press, GAMCO Global Gold Natural Resources & Income Trust From 12/16/19

After steadily rising for the last two months, the major North American gold mining stocks have reached a critical juncture. The benchmark PHLX Gold/Silver Index (XAU) has recovered nearly all of its losses from the September-October decline, but a subdued gold market and competition from the ...

Last Friday, the price of gold was sitting around the $1479 per ounce level on the active month February futures contract on the COMEX division of the CME. Gold was a star-performer in 2019, and the price is on track to post a double-digit percentage gain on the year. Gold took off on the up...

The gold miners’ stocks have largely been consolidating high following last summer’s powerful upleg. That resilience has left sentiment relatively bullish, with traders mostly expecting this sector to soon start surging again. But the jury is still out on whether gold stocks will...

By Mike Gleason Welcome to this week’s Market Wrap Podcast, I’m Mike Gleason. Coming up Greg Weldon of Weldon Financial and Gold-Guru.com joins me for an interview you simply must stick around to hear. Greg is ready to make another bold call on the precious metals, having...

Precious metals miners ( GDX -1.7% ) are shunned in today's broad-based stock market rally, as stronger than expected U.S. jobs data alleviates economic concerns that had sparked safe-haven demand for gold and silver. More news on: VanEck Vectors Gold Miners ETF, SPDR Gold Trust ETF, B...

Author's note : This article was initially released to CEF/ETF Income Laboratory members on Nov. 7, 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...

On December 3, the price of nearby March COMEX silver futures was trading at $17.215 per ounce, above the midpoint of its 2019 trading range. The prices of lead and zinc were waiting for the next shoe to drop in the trade war between the US and China. When it comes to the base metals that trad...

Gold futures ( GLD +1% ) rose to their highest mark in nearly a month , enjoying safe-haven buying interest after Pres. Trump said a U.S.-China trade deal could wait until after the November 2020 presidential election. More news on: SPDR Gold Trust ETF, Harmony Gold Mining Company Limit...

Back in May, I was suggesting to my subscribers that we are likely bottoming and getting ready for the next rally in the metals complex. Then, in early June, I penned a public article entitled “ Strap Yourselves In - Gold May Take Off Like A Rocketship.” Then, in mid-August, I...

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...