GABELLI GLB GLD NAT RES & IN (AMEX:GGN)
closed end management investment company
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This company, part of the Gabelli "stable", sells call options on previous metal stocks. Given the volatility of the market, the value of options should stay high and the interest in previous metals, because of the inevitable inflation due to money-printing worldwide will increase monotonically.Basically, an income play, it should provide above-average yields for the foreseeable future ( also correlating with Bernanke's maintenance of artificially low interest rates.)
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great dividend and gold is the place to be right now and for the forseeable future.
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it will outperform the next few months with flow of gold going up to $1800
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Inflation will make hard asset plays more valuable. Market volatility will allow GGN to make money writing covered calls against its portfolio
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DRIP baby DRIP.
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monthly divi.....
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Gold bull run and income from dividends
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excellent hedge in uncertain times. this fund is invested in energy, and natural resources such as oil, gold, silver, coal and etc. it pays a .14 cents monthly per share.
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Love the dividends declared for Oct, Nov. and Dec. 2010
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Leveraged global gold & natural resources with nice dividend.
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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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