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For almost the same money look at NNA and NRO
Yup, Schiff, Pickerts all of those newsletter guru's have been predicting crap for YEARS!
Well- hasn't Peter Schiff been preaching an end of the financial system for years?
Is he now like the broken clock?
Well we just got $200 BILLION handed to us by Uncle Sam to fund them for free.
$0.05 / $3.23. = 0.0154 * 12 = 18.756 APR
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The Board of Trustees of the 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 distributions of $0.05 per share for each of April, May, and June 2020.
The distribution for April 2020 will be payable on April 23, 2020 to common shareholders of record on April 16, 2020.
The distribution for May 2020 will be payable on May 21, 2020 to common shareholders of record on May 14, 2020.
The distribution for June 2020 will be payable on June 23, 2020 to common shareholders of record on June 16, 2020.
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even better with a raise down the road.
Speculation in Mortgage Backed Securities and Blue Dutch Tulips was a real winner!
Just a little speculation...
From Mario's lips to your ears?
NAV and DIvi have been on a slide for some time. Shares from last December are doing OK, for now.
But?????????
I think the dividend @ a nickel is good for awhile...maybe a raise down the road...~imo...
They have been good for a nickel per share for quite some time... Best buys were 4th quarter of last year. Have to see if they keep the nickel going for another year or so...
Dec 16 and Dec 18 were the buying opps-- at 3.75 and 3.56
3.45 to 3.55 might be another good entry if this rinses and repeats
Current cost below NAV?
Daily Performance
As of March 16, 2018
NAV/Share $ 5.01
Monthly Performance
As of February 28, 2018
NAV/Share $ 5.01
lowest NAV was in Dec '16 @ 3.75 . Could be headed there again with 3- 4 rate hikes this year? But at least you can collect your nickel for the next 3 months. It really follows GDX and GLD, but pays a bit each month...
Maybe time to jump back in?
$0.05 / $4.84 = 0.0133057 x 12 = . 12.40%
The Board of Trustees of the GAMCO Global Gold, Natural Resources & Income Trust (NYSE MKT:GGN) (the “Fund”) approved the continuation of its policy of paying monthly cash distributions. The Board of Trustees declared cash distributions of $0.07 per share for each of October, November, and December 2016.
The distribution for October 2016 will be payable on October 24, 2016 to common shareholders of record on October 17, 2016.
The distribution for November 2016 will be payable on November 22, 2016 to common shareholders of record on November 15, 2016.
The distribution for December 2016 will be payable on December 16, 2016 to common shareholders of record on December 9, 2016.
The Board of Trustees of the GAMCO Global Gold, Natural Resources & Income Trust (NYSE MKT:GGN) (the “Fund”) approved the continuation of its policy of paying monthly cash distributions. The Board of Trustees declared cash distributions of $0.07 per share for each of July, August, and September 2016.
The distribution for July 2016 will be payable on July 22, 2016 to common shareholders of record on July 15, 2016.
The distribution for August 2016 will be payable on August 24, 2016 to common shareholders of record on August 17, 2016.
The distribution for September 2016 will be payable on September 23, 2016 to common shareholders of record on September 16, 2016.
How can gold be soaring and GGN sit still?
This is the breakout for gold, 1173, yet GGN even????
The Effect of Fed Fund Rate Hikes on Gold
By J.B. Maverick | October 09, 2015
While popular opinion is that interest rate hikes have a bearish effect on gold prices, the effect that an interest rate increase has on gold, if any, is unknown, since there is actually little solid correlation between interest rates and gold prices. Rising interest rates may even have a bullish effect on gold prices.
Popular Belief About Interest Rates and Gold
As the Federal Reserve considers raising interest rates for the first time in several years, many investors believe that higher and rising interest rates will pressure gold prices downward. Many investors and market analysts believe that, as rising interest rates make bonds and other fixed income investments more attractive, money will flow into higher-yielding investments, such as bonds and money market funds, and out of gold, which offers no yield at all.
The Historical Truth
Despite widespread popular belief of a strong negative correlation between interest rates and the price of gold, a long-term review of the respective paths and trends of interest rates and gold prices reveals that no such relationship actually exists. The correlation between interest rates and the price of gold over the past half century, from 1970 to 2015, has only been about 28%, which is considered to be not much of a significant correlation at all.
A study of the massive bull market in gold that occurred during the 1970s reveals that gold's run-up to its all-time high price of the 20th century happened right when interest rates were high and rapidly rising. Short-term interest rates, as reflected by one-year Treasury bills (T-bills), bottomed out at 3.5% in 1971. By 1980, that same interest rate had more than quadrupled, rising as high as 16%. Over that same time span, the price of gold mushroomed from $50 an ounce to a previously unimaginable price of $850 an ounce. Overall during that time period, gold prices actually had a strong positive correlation with interest rates, rising right in concert with them.
A more detailed examination only supports the at least temporary positive correlation during that time period further. Gold made the initial part of its steep move up in 1973 and 1974, a time when the federal funds rate was rising quickly. Gold prices fell off a bit in 1975 and 1976, right along with falling interest rates, only to begin soaring higher again in 1978 when interest rates began another sharp climb upward.
The protracted bear market in gold that followed, beginning in the 1980s, occurred during a time span when interest rates were steadily declining.
During the most recent bull market in gold in the 2000s, interest rates declined significantly overall as gold prices rose. However, there is still little evidence of a direct, sustained correlation between rising rates and falling gold prices or declining rates and rising gold prices, because gold prices peaked well in advance of the most severe decline in interest rates. While interest rates have been kept pressed to nearly zero, the price of gold has corrected downward. By the conventional market theory on gold and interest rates, gold prices should have continued to soar since the 2008 financial crisis. Also, even when the federal funds rate climbed from 1 to 5% between 2004 and 2006, gold continued to advance, increasing in value an impressive 49%.
What Really Drives Gold Prices
The price of gold is ultimately not a function of interest rates. Like most basic commodities, it is a function of supply and demand in the long run. Between the two, demand is the stronger component. The level of gold supply only changes slowly, since it takes 10 years or more for a discovered gold deposit to be converted into a producing mine. Rising and higher interest rates may in fact be bullish for gold prices, simply because they are typically bearish for stocks.
It is the stock market rather than the gold market that typically suffers the largest outflow of investment capital when rising interest rates make fixed income investments more attractive. Rising interest rates nearly always lead investors to rebalance their investment portfolios more in favor of bonds and less in favor of stocks. Higher bond yields also tend to make investors less willing to buy into stocks that may have significantly overvalued multiples. Higher interest rates mean increased financing expenses for companies, an expense that usually has a direct negative impact on net profit margins. That fact only makes it more likely that rising rates will result in devaluations of stocks.
With stock indexes at or near all-time highs, the stock market is definitely vulnerable to a significant downside correction. Whenever the stock market declines significantly, one of the first alternative investments that investors consider transferring money into is gold. Gold prices increased by more than 150% during 1973 and 1974, at a time when interest rates were rising and the S&P 500 Index dropped by more than 40%.
Given the historical tendencies of the actual reactions of stock market prices and gold prices to interest rate increases, the likelihood is greater that stock prices will be negatively impacted by rising interest rates and that gold may in fact benefit as an alternative investment to equities.
Read more: The Effect of Fed Fund Rate Hikes on Gold http://www.investopedia.com/articles/investing/100915/effect-fed-fund-rate-hikes-gold.asp#ixzz3uPzAWFe4
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The Board of Trustees of the GAMCO Global Gold, Natural Resources & Income Trust by GABELLI (NYSE MKT:GGN) (the “Fund”) approved the continuation of its policy of paying monthly cash distributions. The Board of Trustees declared cash distributions of $0.12 per common share for each of January, February, and March 2013.
The distribution for January 2013 will be payable on January 24, 2013 to common shareholders of record on January 16, 2013.
The distribution for February 2013 will be payable on February 21, 2013 to common shareholders of record on February 13, 2013.
The distribution for March 2013 will be payable on March 21, 2013 to common shareholders of record on March 14, 2013.
Have you noticed that some brokers pay the dividend as cash into your account, and not reinvest in shares?
Gabelli also has GNT and wonder how these two might do over the next year of QE3?
I too recently found this one, I like it here below 17, 10% divi. Interesting they sell covered calls in precious metals, which is an income strategy I use frequently.
I will buy on any dip for an IRA.
Adding this to my Roth this week. Love the 9% Dividend. Expect the share price to get back to 20 in short order. Cheers everyone.
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