GAMCO Global Gold, Natural Resources & Stock News

RYE, N.Y.--(BUSINESS WIRE)--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

Many people are desperate for any decent yield these days, which is making oil and gas funds look attractive.

Gold has been a pretty solid asset class to be in this year as uncertainty and fears of inflation have pushed investors into it. The fund invests in gold miners and to a lesser extent energy companies

Rising gold prices had led to a counterintuitive reduction in output. Diminished gold production is potentially good news for the gold stocks.

Fear factor is still strong and in favor of gold as investors fear a second shutdown. Inflation expectations are on the rise, further boosting gold's prospects.

Gold had become overbought in the past month, trading well above trend, making it ripe for a correction.

The mining industry struggles to satisfy the rising demand for gold, as seen in the dwindling number of giant discoveries.

Gold stocks are in correction mode. They shot parabolic into early August, surging too far too fast exhausting the capital firepower available for near-term buying.

Gold and gold mining stocks remain stuck in neutral, but not for long. Fed policy will keep downward pressure on the dollar, lifting gold prices.

Although gold prices reached historic highs this summer, we still see some potential drivers that could move prices even higher.

Deficit to outlay ratio tops 60%, above the hyperinflationary threshold of 40%. Q2 2020 GDP shrank 31.7%, but will improve in Q3 2020.

The news that Warren Buffet took a stake in Barrick Gold stimulated animal spirits in the precious sector on Monday.

Gold's latest pullback was a response to recent U.S. economic recovery.

The performance that we're seeing this year - gold is up something like 20 plus percent, and the stocks are up over 40 percent - it's exactly the kind of performance we would expect in this environmen

The rise of no-commission, simple-to-use, brokerage platforms could have an enormous impact on the much more thinly traded precious metals equities.