GGN News and Press, GAMCO Global Gold Natural Resources & Income Trust From 10/06/20

Money managers who don't recommend gold to their clients are becoming the exception rather than the rule. Right now, gold accounts for less than 1% of global investible capital. Estimates of how much gold exists above-ground are all over the place, but most cluster around an amoun...

The gold/oil ratio is a reasonable proxy for the average profit margin across the gold mining industry. This ratio peaked in April of this year and then plunged. It's a good bet that the April 2020 peak was the major variety, since it was driven by a spectacular collapse in the oi...

Gold stocks are still correcting after soaring to seriously-overbought levels when their last upleg peaked in early August.  Weak seasonals in the next month could accelerate that. The deceiving high consolidation after that euphoric topping failed decisively this week when GDX s...

Gold (XAUUSD:CUR) slips below $1,900/oz. as the dollar climbs near two-month peak, with investors keeping a close eye on remarks from Federal Reserve officials on the state of the economy; December Comex gold -1.6% to $1,877.50/oz.“A rallying U.S. dollar index recently and a rebound in...

Gold exposure is essential in the current macro environment. GGN is an income fund that invests in gold miners and energy companies. Recent performance has been disappointing, but the longer-term view is decent. The fund currently trades at a 13% discount, but has traded at a ...

Uncertainty over the US elections remains elevated in the near term while the economy is running out of "stimulus". Closely contested elections have historically resulted in choppy markets in the final weeks of the year. Investors should hedge themselves by going long US dollar, g...

There’s a famous saying among natural resource traders that goes, “Rising prices cure rising prices,” and explains the cyclical nature of commodities. In other words, a bull market in any given commodity normally encourages an increase in the supply of that asset, in turn ...

Gold futures ( XAUUSD:CUR ) close with their largest one-day gain so far this month , as weakness in the dollar and low U.S. Treasury yields helped keep the yellow metal trading in a range that some market experts see as forming a bullish pattern. More news on: Gold Spot Price, Newmont ...

Price moves in the yellow metal have largely been determined by weakness in the dollar this year, but the greenback alone can’t account for gold’s enduring attraction among investors. Plunging Treasury yields, recession fears and rising inflation expectations are also contributin...

Gold Reaches Another All-Time High The strong gains of July carried on to early August. Gold reached an all-time high of $2,070 per ounce on August 6 amid U.S. dollar weakness and new lows in treasury yields. It then saw a sharp reversal and fell $207 over the following three trading days to...