tmkay - I like your analysis. Been thinking about getting into GGN for a while. How much affect will the possible drop in gold price have on the price of GGN?
Not an expert but the profile says the trust is based on a covered call strategy to deliver dividends. I'd say it would have little or no effect and would actually benefit from a slow decline in the price.
I think you are correct. Over the years, it's stock price definitely has not followed the prices of either gold or oil. So, don't be fooled by the trust portfolio, there is no connection to those industries performance.