GGN: Still Has Some Room To Run [Seeking Alpha]
GAMCO Global Gold, Natural Resources & Income Trust (GGN)
NASDAQ:AMEX Investor Relations:
gabelli.com/funds/products/-116.html
Company Research
Source: Seeking Alpha
Follow Play 9min Summary GAMCO Global Gold, Natural Resources & Income Trust offers growth potential with a portfolio focused on energy and mining stocks, benefiting from rising gold and oil prices. The fund's quarterly report shows a strong position in energy (33.5%) and mining/gold (55%), despite minor losses in key holdings like Barrick Gold and Newmont Corp. Oil prices are expected to rise due to falling global inventories and OPEC+ production cuts, while gold prices may surge to $2,700-$3,000 driven by lower interest rates. GGN's capital gains and dividends have yielded a 16% return, making it a robust income-generating investment with potential for further growth. LisaValder/E+ via Getty Images GAMCO Global Gold, Natural Resources & Income Trust ( NYSE: GGN ) still has some room to run. This fund invests in mining gold/silver stocks and major energy plays. Gold has moved up and oil seems poised to follow. In our last article on crude This article was written
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Sec Filings
- 9/6/24 - Form N-CSRS
- 8/30/24 - Form N-PX
- 8/29/24 - Form NPORT-P
- GGN's page on the SEC website