I'm really liking this closed end investment. Check it out. They buy Mining stocks mostly along with resource and ag companies. They write calls on holdings and pay a monthly dividend based on this with a current yield close to 12%. What a way to participate and score while you wait for this sector to go. As prices rise in these stocks the dividend will increase along with the appreciation.
GGN
Started by
cgnx
, May 17 2012 07:43 AM
1 reply to this topic
#1
cgnx
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Posted 17 May 2012 - 07:43 AM
If it can be cornered, it will.
#2
johngeorge
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Posted 27 May 2012 - 09:40 AM
GGN does return capital to keep its dividend level and, as you point out cgnx, high. GAMCO Global Gold, Natural Resources & Income Trust by Gabelli Tax Information
This PNF chart of GGN shows there may be substantially more downside to go with this fund. When it starts to gain traction to the upside I could see ~ $20.
That being said I have had GGN on my radar for a long time and looking for what I consider a good buying opportunity at lower prices. Perhaps late this summer. Will know in the fulness of time.
This PNF chart of GGN shows there may be substantially more downside to go with this fund. When it starts to gain traction to the upside I could see ~ $20.
That being said I have had GGN on my radar for a long time and looking for what I consider a good buying opportunity at lower prices. Perhaps late this summer. Will know in the fulness of time.
Peace
johngeorge
johngeorge
