GAMCO Global Gold. Natural Resources & Income Trust

GAMCO Global Gold, Natural Resources & Income Trust is a closed-end management company, which invests on companies engaged in the gold and natural resources industries. It aims to provide a high level of current income and to seek capital appreciation. The company was founded on January 4, 2005 and is headquartered in Rye, NY.

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For income investors, closed-end funds, or CEFs, remain an attractive investment class that covers various asset classes and promises high distributions and reasonable total returns. CEFs are generally characterized by higher volatility and deeper draw-downs than the broader market. For these reasons, they are not suited for everyone. In this monthly series, we highlight five CEFs with solid track records that pay high distributions and offer “excess” discounts. We try to separate the wheat from the chaff using our filtering process to select just five CEFs every month from around 500 closed-end funds.

5 Best CEFs This Month For 9.5% Yield (October 2024)

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: Still Has Some Room To Run

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With stocks back in “climb” mode (at least for now!), it could seem like a good time to look for a hedge against the next downturn.

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RYE, N.Y., Aug. 23, 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 distributions of $0.03 per share for each of October, November, and December 2024. Based on current dynamics, the Fund may make distributions in excess of the Fund's earnings. It is currently expected that distributions to common shareholders in 2024 will primarily constitute a return of capital for tax purposes.

GAMCO Global Gold, Natural Resources & Income Trust Declares Monthly Distributions of $0.03 Per Share

GAMCO prices have retraced modestly, offering investors a slightly better entry price. Gold remains in bullish markets, likely to head higher. Crude oil prices are likely to head higher from limited supply and high demand.

GGN: Tracking Two Fundamentals, Crude And Precious Metals

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Want $1,200 per Month in Passive Income? Invest in These Stocks

GAMCO Global Gold, Natural Resources & Income Trust invests in energy and natural resources and uses a short call option strategy for generating dividend cash. The fund's prices have recently broken out from a long period of consolidation and are expected to continue rising. Investors should carefully analyze the fund's fundamentals, graphs, and options before making any investment decisions.

GGN: Perfectly Tracking Fundamentals

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 distributions of $0.03 per share for each of April, May, and June 2024. Based on current dynamics, the Fund may make distributions in excess of the Fund's earnings. It is currently expected that distributions to common shareholders in 2024 will primarily constitute a return of capital for tax purposes.

Gamco Global Gold, Natural Resources & Income Trust Declares Monthly Distributions of $0.03 Per Share

GAMCO Global Gold, Natural Resources & Income Trust invests in mining and energy companies and sells covered calls for income. The shift to gold may prove wise as there is an inverse relationship between the dollar strength and gold.

GGN: Prevailing Tailwinds Await The CEF

GAMCO Global Gold's model places it in a unique position for future growth. The growth will likely be moderated by its practice of heavily selling covered calls on its investments. In the meantime, investors receive a nice cash return monthly of $0.03.

GGN: Buy, Moderate Growth Is In The Wings

GAMCO Global Gold, Natural Resources & Income Trust uses a covered call strategy with high turnover and a cash component of over 17%. The GGN closed-end fund had a market-beating performance in the past year, generating a trailing-12-month yield of 9.63% and a total return of almost 17.5%. GGN has increased its allocation to gold mining and basic metal stocks while reducing its allocation in energy stocks, indicating a positive market assessment.

GGN: Reasonable Discount Available On This High-Yielding CEF Makes It Appealing

RYE, N.Y., May 18, 2023 (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 distributions of $0.03 per share for each of July, August, and September 2023. Based on current dynamics, the Fund may make distributions in excess of the Fund's earnings. It is currently expected that distributions to common shareholders in 2023 will primarily constitute a return of capital for tax purposes.

GAMCO Global Gold, Natural Resources & Income Trust Declares Monthly Distributions of $0.03 Per Share

GGN: Compelling Dividend Yield But No Growth Despite Bullish Gold

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For the second consecutive month, equity CEFs (-0.26%) on average witnessed negative performance while their fixed income CEF cohorts (+0.87%) posted gains for the second month in three. At month end, 13% of all CEFs traded at a premium to their NAV, with 18% of equity CEFs and 9% of fixed income CEFs trading in premium territory.

The Month In Closed-End Funds: March 2023

Market pressures in precious metals and oil will likely drive GAMCO Global Gold, Natural Resources & Income Trust higher. The two pressures are likely to join forces at a similar timing.

Stars Aligning For GAMCO Global Gold, Natural Resources & Income Trust

BlackRock Energy and Resources Trust

I have a warning: now is the time to take profits—especially if you hold the two oil funds we'll discuss below.

Warning: These 2 High-Yield Oil Dividends Are About To Slide

GGN is an equity CEF that holds global energy and mining conglomerates' shares. The fund has a spotty performance and has not been an effective inflation hedge given its overweight position in gold miners and European energy companies.

GGN: No Inflation Hedging Via This 10% Yielding CEF

GGN is a very high-yielding closed-end fund that primarily invests in gold and energy. Gold is historically a strong performer during inflationary times but it has not been performing very well over the past year.

GGN: Great Idea For Right Now In Concept But Generally Poor Execution

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It's almost a reflex to buy gold when inflation hits or volatility ramps up.

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Distribution remains constant at $0.03 per month with GAMCO. Price swings seem tied with NAV swings.

Hedging Or Not With GGN

Despite gradually decreasing its pay-out by almost 79 percent, GGN has recorded an average yield of almost 13 percent over the past 10 years. GGN's investments are in commodities (gold, mining, energy), which tend to rise alongside inflation, and are considered safer bets during recession.

GGN: This High Yield CEF Is A Safe Bet In Current Economic Scenario

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There's a way we can “turn back the clock” and squeeze 8.1%, 8.7% and even 8.9% dividends out of energy stocks.

Why It's Not Too Late To Buy Oil Stocks

GGN invests across both energy sector and mining stocks with a focus on gold producers. The fund has benefited from the strong momentum in oil prices over the past year although we highlighted a mixed performance to benchmarks.

GGN: Compelling 9.6% Yield, But Strategy Leaves A Lot To Be Desired

The United States has begun to suffer from the ravages of inflation in a very significant way. This poses a problem for retirees and others because of the impact it has on your assets and income.

GGN: This High-Yielding Fund Continues To Be Plagued By Value Destruction

GGN invests in a variety of gold mining and other companies that should see their share prices go up if the price of natural resources does. The price of natural resources is poised to increase as inflation sets in.

News for GAMCO Global Gold. Natural Resources & Income Trust ETF (GGN)