GGN News and Press, GAMCO Global Gold Natural Resources & Income Trust From 09/26/21

The gold mining companies often magnify the moves in gold because they are leveraged to the price. The recent stance by the Fed has been perceived as slightly more hawkish creating even more selling in the gold miners. A big move up in gold will often occur simultaneously with a m...

According to a survey by the World Gold Council, almost 80% of central bank reserve managers plan to increase their gold holdings over the next year. Given that new gold supply is highly constrained, prices could reach new highs if inflation proves to be sticky rather than “tra...

Mining shares fall sharply, with gold posting its sharpest drop in nearly six weeks as the U.S. dollar and Treasury yields popped higher following data showing a rise in August retail sales. December Comex gold (XAUUSD:CUR) -2% to $1,758/oz., which would mark the steepest daily decline for bu...

Gold finished August trading at $1,813.62 per ounce, nearly unchanged from its July finish at $1,814.19 per ounce. Following the “flash crash”, gold managed to climb back above $1,800 per ounce, supported by mounting concern around the impact of the COVID Delta variant o...

Following the economic disruption of the COVID-19 pandemic and the unprecedented stimulus response, supply bottlenecks and a rebound in demand have been a feature of 2021. We observe that a diversified portfolio approach has had the highest correlation to upside inflation and the leas...

A metals bull is sounding an alarm for a potentially bearish decline. We currently have a setup developing that can provide a big hit to the metals market. I outline the parameters for this potential decline below. For further details see: Sentiment Speaks: Dangerous Pos...

Gold miners post strong gains as the metal reclaims $1,800/oz., with the dollar retreating from multi-month highs and deepening concerns that the coronavirus delta variant could slow the global economic recovery. December Comex gold (XAUUSD:CUR) +1.3% to $1,807.60/oz., while silver (XAGUSD:CU...

Gold miners are extremely cheap relative to the overall U.S. stock market and also cheap relative to the price of gold. Taken together, the current gold price suggests that the enterprise value of the GDX's underlying NYSE Arca Gold Miners Index should be almost double its current lev...

Numerous multi-decade extremes support a bearish conclusion for U.S. equities. The media has featured numerous articles about how there has been a rotation among equity sectors. The assumption which underlies almost all of these analyses is that we are in a bull market and that the se...

Th spot gold price has shed 12% over the past year since topping $2K/oz., even as other commodities have climbed, but Wells Fargo expects gold will resume its leadership position in the current bullish cycle, sparked by China's purchases during recent months. "Over the past three months, gold...