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In the 1980s, when I traveled behind the iron curtain or to developing countries around the world, this boy from Brooklyn learned the power of the US dollar. A mentor taught me that before venturing outside of the United States to some of the more challenging parts of the world in those days, ...
Gold prices are solidly lower as risk appetite is upbeat to start the trading week; Comex gold -1% to $1,507.40/oz, silver -1.1% to $16.92/oz. More news on: Gold Fields Limited, IAMGOLD Corporation, Fortuna Silver Mines Inc., Commodities news, Stocks on the move, News on ETFs, R...
I have been involved in markets since the early 1980s, and until the aftermath of the global financial crisis in 2008, had never even considered negative interest rates. As a commodities trader, I am well-accustomed to markets that move to backwardation. When deferred prices are lower than nea...
The major gold miners’ stocks have soared in recent months, fueled by gold’s decisive breakout to new bull market highs. Nothing motivates traders like performance, so interest in this long-neglected sector has exploded. While gold stocks’ technicals and sentiment have gre...
Gold is shining as an asset these days since the luster returned in June. After trading in a range since 2014, the price of gold experienced a technical break to the upside in June. Many fundamental factors support higher gold prices these days. Lower interest rates in the US and around the wo...
The bond yield curve inversion is triggering a new move higher in gold ( GLD +0.4% ) and silver ( SLV +1.2% ) following yesterday's precious metals selloff. More news on: SPDR Gold Trust ETF, iShares Silver Trust ETF, Barrick Gold Corporation, Commodities news, Stocks on the move, Ne...
Last year at this time, the US Fed was still on a path of increasing short-term interest rates and reducing its swollen balance sheet. The period of tightening began in December 2015 when the Fed Funds rate lifted off from zero percent. The Fed then rolled out a rote program to reduce the lega...
Gold futures ramp up to a more than six-year high , benefiting from unrest in Hong Kong, a rout in the Argentine peso and the U.S.-China trade war; Comex gold +1.3% to $1,536.50/oz. More news on: Kinross Gold Corporation, Yamana Gold Inc., Barrick Gold Corporation, Commodities news...
My introduction to working in the commodities market came during the summer of 1977, when I worked delivering telex messages at the leading raw materials trading company in the world. In the days before email and computers, telexes or cables connected the traders and traffic clerks with counte...
Investors funneled $1B into SPDR Gold Shares ( GLD +0.7% ) over a period of five straight days, the longest streak since February 2017, before taking a breather today, according to data compiled by Bloomberg. More news on: SPDR Gold Trust ETF, VanEck Vectors Gold Miners ETF, Direxion D...
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GAMCO Global Gold Natural Resources & Income Trust Company Name:
GGN Stock Symbol:
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2024-02-25 18:50:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
RYE, N.Y., Feb. 14, 2024 (GLOBE NEWSWIRE) -- 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 declared cash distributi...
A video accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/6dbbac6e-7a71-478e-910e-5ab37f8f1e2c RYE, N.Y., July 18, 2023 (GLOBE NEWSWIRE) -- Gabelli Funds is pleased to present a video tracing the 50+ year history of the oldest, existing clo...