GGN News and Press, GAMCO Global Gold Natural Resources & Income Trust From 01/27/21

World gold production dropped by 5.4% in 2020 according to preliminary estimates released by GlobalData last week. Historically, mine production has generally increased every year since the 1970s. The pandemic notwithstanding, the biggest problem facing miners is that the easy to ...

The fate of the stock market and the outlook for gold are more intertwined than most realize. A bear market in U.S. equities seems inevitable within a short enough time frame to warrant acquiring meaningful exposure to uncorrelated assets such as gold. Gold mining stocks possess v...

I believe that there's a relatively high probability of another big move in the precious metals sector is coming. Without question, both metals could, and probably will, move much higher before some type of reset occurs that reincorporates gold and silver in the global monetary system...

Gold stocks’ young upleg remains intact despite January’s sharp selloff. While that did redraw and moderate GDX’s uptrend, this leading sector benchmark is still carving higher lows and higher highs. Unless that changes, there’s no reason to doubt this uple...

One aspect of the markets that is not mentioned in the mainstream media is that gold turned in its best year since 2010. The deteriorating health of the economy and financial system was exacerbated by the virus crisis. Currency depreciation through an expansion in the money supply...

Gold’s sharp Jobs-Friday plunge was fueled by cascading gold-futures selling by speculators. Their collective upside bets were relatively high heading into that day, with total longs above the gold-futures-selling-overhang threshold. So when gold started selling off overnight w...

Gold gained 25.1% or $381/oz in 2020, its largest annual percentage gain in ten years. Gold stocks also tumbled as investors sought to raise cash for margin calls, redemptions and risk-off positioning. Gold miners' performance outpaced gold for most of the year, despite some conso...

Gold stocks kicked off 2021 with a major upside breakout. The leading gold-stock ETF finally burst decisively above its recent correction’s downtrend resistance and 50-day moving average this week. Gold stocks confirmed that breakout since by holding those high levels despite a...

Precious metals miners are slammed as metal prices fall, led by gold and silver due to a stronger dollar and higher U.S. Treasury yields.February Comex gold (XAUUSD:CUR) -2.9% to $1,858/oz., dropping below $19,000/oz. and its 50- and 100-day moving averages, while March silver (XAGUSD:CUR) -5...

Gold futures (XAUUSD:CUR) settled -2.3% to $1,908.60/oz. as a jump in U.S. Treasury yields boosted the dollar and triggered a selloff in the yellow metal."Rising long-term Treasury yields are a negative headwind for gold," says Altavest's Michael Armbruster, adding that gold likely will move ...