GGN News and Press, GAMCO Global Gold Natural Resources & Income Trust From 05/08/20

Gold Fundamentals The volatility of the market has allowed us to trade the technical aspects of the market as well as the strong fundamental picture that it is building. It is a perfect storm for the precious metals, especially for gold. The collapse from $1704 to $1450 was a historic coll...

The price of gold dropped $29 and the price of silver dropped $0.27. We'll get back to where we think the prices are likely to go in a bit. In recent reports , we've looked at the elevated bid-ask spread in gold (though not nearly as elevated as some goldbugs would have you believe) and the...

How I started 2020 with a smile and cash reserves In the beginning of January, I was full of enthusiasm for the stock market, not only in the U.S. but also in Europe, specifically for the Eurozone and in Poland. Not so much because of the climbing S&P 500 levels, as for my eagerness to p...

The following notice relates to the Annual Meetings of: Bancroft Fund Ltd. Ellsworth Growth and Income Fund Ltd. GAMCO Global Gold, Natural Resources & Income Trust GAMCO Natural Resources, Gold & Income Trust The Gabelli Convertible & Income Securities Fund ...

After a more than 50-year bear market in gold stocks, things are coming together to create virtually perfect conditions for gold stocks. Gold prices are at (or near) all-time highs in most currencies, and will likely continue to rise over the coming years. Commodity prices are at lows and st...

Sound money advocates have been proclaiming that “the Fed can’t print gold” pretty much since the end of the last gold standard in 1971. But no one outside our little echo chamber paid attention, fixating instead on what the Fed could print: trillions of dollars ...

Gold: Fundamentals In a report on BarChart.com, the virus has pushed unemployment to its highest rate since the Great Depression in the 1930s. One in six American workers is out of a job according to new data released Thursday. The House passed a nearly $500 billion spending package to h...

By John Hathaway Gold continues to deliver strong relative performance and is up 12.97% on a year-to-date basis through April 22, 2020, versus -12.84% for the S&P 500 Total Return Index. 1 As of April 22, 2020 * Average annual total returns. Source: FactSet. COVID-19: The P...

The gold miners' stocks surged to a major bull-market breakout this week! Powering decisively above their years-old secular resistance is a hugely-important technical event. It proves this gold-stock bull is alive and well, greatly improves sentiment, and puts this high-flying sector on countl...

Gold prices ( XAUUSD:CUR ) dropped to a near two-week low , while silver, platinum and palladium all tumbled as investors scrambled for cash to cover losses in other asset classes driven mainly by the crash in oil markets. More news on: Gold Spot Price, SPDR Gold Trust ETF, iShares Silver...