GABELLI GLB GLD NAT RES & IN (GGN)
closed end management investment company
Recs
Gabelli does pick well.
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Gold can't help but soar after we digest all the bailouts and the fallout from the Iraq war. Gold back to 1000 in 6 months and to 2000 in a year or so. Good dividend while you wait.
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Trading at a premium to NAV now, but everything held by this ETF is now oversold -- can't resist at this price.
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Gabelli Gold and Natural Resource is an ETF. It pays about 7% at $22/share. I also own it for appreciation potential since I feel the trillion dollar+ bailouts will be very inflanationary and boost all natural resource stocks.
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Dollar has turned to a bull market. Gold is done for a while.
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Will take advantage of even the smallest appreciation in the gold/precious metal arena

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