GGN is a well run company and Gold and Miners are not going anywhere. The yield is safe for years to come. The NAV always goes through fluctuations as market turmoil kicks in but the stock will stabilize and continue its upward trend. Patience is key. Selling in this environment is an emotional response to panic and not a wise decision. Patience pays @!
GGN is now at the level unseen at the great recession of 2008. Back in Oct 15, 2008 it closed at $12.70 exactly as today's low. Are we priced in for the great recession again? It is not here and will never be. This is ridiculous and painful to see GGN going back to $12.7. Any idea?
Ya, falling 4-5% everyday, even if the market does rally, this will not participate. When does the blind patience and optimism in this hunk of crap turn into a reality that this is a scam of a fund, and by all looks of it is heading to zero. I bought this thing thinking it was a safety play awhile back, and boy was i wrong. Cant pay out return of capital when the cupboards are bare.