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GAMCO Global Gold, Natural Reso Message Board

  • aga0115 aga0115 May 16, 2013 9:07 AM Flag

    I hope You people do realize that GGN

    makes alot of its profit selling options. Doesn't matter if gold or the share prices in the companies it holds are going up or down. Gabelli is a well run management team they know what they ae doing. I personally, am about to add here.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Youre DREAMING. The price keeps falling for a reason you chump!!!! Headed to $7.

      Sentiment: Strong Sell

    • Keep dreaming chump. The share price is down for a good reason. Whats funny is that anyone would invest in something they have NO CLUE as to what the fund managers are doing. You chumps never learn. Keep chasing high yield securities and you will end up broke. You probably already are broke. No sophisticated investors own this POS. That is a FACT.

      Sentiment: Strong Sell

    • i dont know, its more likely to go down some more with everyone talking about 1300 an ounce. the miners rebounded off there lows here but a few are starting to test their 52 week lows.

      this stock is a little tricky to follow, you have to know the stocks in its portfolio and of course its top holdings and problems they face like mine contracts with foreign governments this is one time i can recommend Seeking Alpha and look at demand from china and india but there is a lot to think about when considering this stock. i like the consistency of the payout being .14 or .12 for a number of years and gamco is pretty good.

      but it all depends on your risk tolerance, how you acquire shares/develop a position and how long you are going to hold the shares. if you are going to hold for more than a year than yeah buy here but there might be a lower entry point here soon. good luck.

    • Not exactly correct. They do make alot writing call. But, it doesn't help if the underlying stocks keep falling. They can't make up enough on the written calls to compensate for rapidly falling stock prices. But, the fund is what it is. I am a holder and may add more as well around these prices. Around NAV and with a div that will probably be lowered to .10 from .12, still a decent value.

      Kel

      • 1 Reply to keltus1952
      • The calls work great when you are in a range which gold and the miners do for extended periods of time. If someone believes gold and the miners are continuing down - then they should not be in this stock. For those that want exposure to gold - this is not a bad place to be. Better then straight
        gold or the miners. Should I get bullish on the miners - then I will switch to the best of the miners instead of this. I think we are going to be rangebound here for a while.

 
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