GGN News and Press, GAMCO Global Gold Natural Resources & Income Trust From 06/05/20

Gold Fundamentals As we look at the spot price of gold at $1699.90 ask and the futures price in the futures market at $1703.2 bid based on the August delivery. If we go back a couple of months, this spread was as wide as $80, which meant that people who wanted to take physical delivery in ...

Gold miners ( GDX -3.5% ) are a notable laggard as gold futures ( XAUUSD:CUR ) fall amid improving investor risk sentiment from economic recovery hopes and U.S. private payrolls showed fewer job losses than forecast. More news on: VanEck Vectors Gold Miners ETF, Gold Spot Price, Barric...

The gold price made a new 2020 high today and looks poised to take out the nominal all-time high around $1,920 and then challenge $2,000 in the months ahead. Some are even estimating that gold could climb to $3,000 by year-end on account of the nearly $10 trillion in new money/debt/stimulus th...

Precious metals miners are taking it on the chin after U.S. gold futures ( XAUUSD:CUR ) settled -1.7% at $1,705.60/oz., as economies around the world further eased coronavirus-linked restrictions, prompting hopes for economic recovery and improving risk appetite. More news on: Barrick Go...

The chart above speaks for itself. You could not find a more bullish chart set-up in the stock market. Note that the HUI/Dow ration bottomed out in late 2019 at the same level where it bottomed in late 2000. Most investors in this sector were not around for the beginning of the precious metals...

The major gold miners’ stocks have rallied dramatically out of mid-March’s stock-panic lows, soaring to new bull-market highs. Their just-reported Q1’20 operational and financial results reveal whether today’s higher gold-stock prices are fundamentally justified. Th...

GAMCO Global Gold, Natural Resources & Income Trust (NYSEMKT: GGN ) declares $0.03/share monthly dividend , -40% decrease from prior dividend of $0.05. More news on: GAMCO Global Gold, Natural Resources & Income Trust, Dividend News, , News on ETFs, Read more ...

Declares Monthly Distributions of $0.03 Per Share The Board of Trustees of GAMCO Global Gold, Natural Resources & Income Trust (NYSE American: GGN) (the “Fund”) approved the continuation of its policy of paying monthly cash distributions. The Board of Trustees has dec...

U.S. M1 Exploding The Fed has stepped up to the mark in the COVID-19 crisis in an unprecedented manner. The monetary base is still growing as is US M1, with the latest report showing an extraordinary rate of increase in response to this extraordinary crisis. Chart by Author from FRED Da...

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...