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GAMCO Global Gold, Natural Reso Message Board

  • no_need_no_stinkin_badges no_need_no_stinkin_badges Apr 29, 2013 4:54 PM Flag

    GGN Holdings

    GGN should reduce holdings in mining stock which are going lower with lower gold price. Today, GORO cut its dividend in 1/2. Other gold miners will soon cut or end their dividends. GGN should replace gold miners with more energy companies that pay good dividends.

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    • I think you should sell your shares.

      You want GGN to change its stripes.
      Holdings in Gold mining and gold related shares is what makes this an attractive investment.

      The leverage to the price of gold and the role it will play in the ever increasing impact of inflation, in this collective currency devaluing world, is exactly where you want to be.

      The fact that gold and silver prices are the long term subject of price suppression, that is coming to an end due to "unintended side-effects", merely creates an extraordinary entry$$ opportunity.

      GGN has only 54% of the portfolio in materials overall. So you are diversified. But the "baby", is what you seek to throw out with the bath water.

      Top 10 Holdings AS OF 12/31/2012 REPORTED BY FUND SPONSOR
      ABX Barrick Gold Corporation 3.59%
      EGO Eldorado Gold Corp 2.76%
      GFI Gold Fields Ltd ADR 2.47%
      GG Goldcorp, Inc. 2.41%
      NEM Newmont Mining Corporation 2.33%
      APC Anadarko Petroleum Corp 2.32%
      AU Anglogold Ashanti Limited ADR 2.29%
      AEM Agnico-Eagle Mines 2.25%
      SLB Schlumberger NV 1.97%
      NCMGF Newcrest Mining Limited 1.97%
      Assets in Top 10 Holdings24.37%
      The better way, is BUY LOW and SELL HIGH...

      Sentiment: Strong Buy

6.34-0.02(-0.31%)Sep 27 4:02 PMEDT