As the dollar goes lower in value gold goes higher and higher -- Obama said he would transform America and he is doing just that -- but you know what? We will survive his ideology and a Ronald Reagan type will be found to save the good old USA -- in the meantime buy gold and enjoy the ride!! Good luck!
10.21 vs 9.84 means a nice discount and the inclination is to buy GGN because on a historical basis when it sells at a discount you can hopefully and most likely count on an increase ... I own GGN and will hold way beyond 10 a share -- as long as the value of the dollar keeps dropping gold will climb. Soon in the near future inflation will start to rise dramaticaly and then we may not only see 10 but possibly 15. I'm long and holding.
yes but it seems to follow gold more than energy for some reason -- selling at a discount has always been a good time to buy however so for the next year it looks like ggn has bottomed out at around 9 -- the .09 dist should stay for 2014 at least I am hoping!! Good luck to the longs on this CEF.
23% of the dist (.04625) announced as long term gain. That is an improvement over the past ROC at .4625. I like what I see and will buy more before the ex div date of 11/14. Good luck to all.
we need inflation to get gold going up and probably oil also and then maybe ggn can move up but in the meantime I am enjoying the dist. at .12 and hope that they don't lower it. I'll be anxious to see if roc is 100% of the dist. Or doesn't it matter? Good luck to all in this cef.
I agree - buying more today! ETG should recover unless something is up that we don't know about!
low was 7.60 -- hopefully that was the low - I am holding only because housing and real estate is in the early stage of recovery and IGR should slowly get back to 10. At least I'm hoping for that!!
My financial advisor says with interest rates going up thus slowing the real estate market, it might be longer before IGR sees 10 again. So in effect they have lowered their rating on this CEF. I am holding onto what I have and enjoy the 6% dist. which I believe will stay in play. Good luck!
Since GGN is about 40% in energy shouldn't the higher oil prices (EGYPT) equate to higher GGN price? I'm long and staying long on GGN. Been there quite some time. Good Luck!
You said on Mar 20 that GGN has no options and now you say they do! Your credibility is "0" and I wish you would stay off this board you idiot!
Watch gold move much higher as inflation kicks in and Bernanke has no choice but to stop the liquidity and start raising interest rates. We'll be just like it was in the 70's with inflation but just foolin around probably wasn't around to know what it was like. GGN will not go to single digits in my humble opinion and since they have been paying a nice distribution since 2005 I am optimistic that my monthly stipend will continue well into the future. My IRA is a perfect place to have GGN and if you think I am an idiot so be it. Good luck!