So why down today? If on the fed news about 2023 rates then just nuts. Gold and oil are normally a hedge for high rates? Your thoughts? Can you tell I am frustrated as to how this fund reacts?
P
So is the nature of this find. I am waiting for a better yield and price correlation to buy some more.
W
This is getting spooky. TTM earnings per share were fifteen cents. So far today this is DOWN twenty-nine cents. That's nearly two years earnings in half a day!
J
Several replies below show an ignorance for the security they purchased. So: - "Dividends" in option writing funds will often be return of capital. This is not returning your money to you but passing along earnings from writing options - If held in taxable account, return of capital is "free" money in that it is not taxed and simply lowers your cost basis in fund. This likely permits you to claim 15-20% tax (instead of current income) when you actually sell
BOTH are to holder's favor. Some of you need to sell this security and go buy something you can actually understand.
With commodity and gold trending the way they are, I like being in this fund atm.
F
Share price is lagging. Gold and oil way up and here we sit. If you go back to the days of $5.50+ per share you will see oil and gold below their current prices.
A
Terrible fund. That goes for all Gabelli funds.
A
3 cent divy declared July, Aug, Sept.
M
What the heck is going on with GGN? The price keeps going up with no news. Is there a dividend increase coming soon?
D
the stock price seems a little fluffy right now but I've had this stock for five or six years and every time it got real cheap I bought more. I've received a lot of money in dividends probably about 15 g's. So, if you're patient with this thing it'll pay you
B
Dividend should be back to .05....commodities are soaring and this #$%$ keeps dividend at .03?? Never buy this #$%$...
D
Like I said 3 months ago, just holding receiving a 10% dividend, not too bad. I have been receiving this and more on this stock for the past year, have it in 3 accounts, steady and solid :)
A
anybody feel Four?? now positive in average cost, and up big in my 5cents and last years reduction to 3cent divys. good luck trading to all.
A
GBL>> fyi>> impressive 4 week performance.
A
Gabelli prefers to lower dividends and screw shareholders. I have this fund, and they did a 50% cut in the div last year. Also hold GAUCX, which had a 10:1 reverse split and div cut, then they converted it to GAUAX for another 50% div cut. These guys are crooks. I'm pretty much stuck with their GAU..funds and looking to get out of this when or if the price is right.
M
nav is 3.85 so stock is at a discount. However from the company factsheet the fees are HIGH 1.5%... And then the problem of the stock price keeps going down and the dividends per share Kris going down! does anyone think divies will go back up to 0.05 per share? should I invest?!
F
Today down big. Will be interesting what we find out.
H
This fund is not an investment in gold or natural resources as the name might suggest. It is a CEF that happens to be using gold, silver, and natural resource related stocks to derive income off the selling of covered calls and any dividends. The fund makes investments in equity securities of firms operating in gold and natural resources industries including companies in exploration, mining, fabrication, processing, distribution or trading of gold, financing, managing, controlling or operating of companies engaged in gold-related activities. It also invests in companies principally engaged in the exploration, production or distribution of natural resources, such as gas, oil, paper, food and agriculture, forestry products, metals and minerals as well as related transportation companies and equipment manufacturers. When looking at this fund investors are immediately concerned with the ROC issues that are reported. Since the fund does use a covered call income strategy and probably has some capital gains, it is very easy to see how the fund can be using ROC to make a more consistent distribution throughout the year.
F
New lows, time to buy now? Any thoughts.
F
How this stock works? Jan 4 th, 2020, Gold $1557.00 Share price $4.43. Gold now $1957.00 Share price $3.74. Sad, a complete disconnect.
R
It seems to me that buying gold or oil stocks on the way down and selling covered calls, which seldom get called, is how they make money. The dividends come out of the put and call income, not the value of the stock. It doesn't really matter if gold or oil goes up or down; what counts is their ability to hedge going both ways.
- "Dividends" in option writing funds will often be return of capital. This is not returning your money to you but passing along earnings from writing options
- If held in taxable account, return of capital is "free" money in that it is not taxed and simply lowers your cost basis in fund. This likely permits you to claim 15-20% tax (instead of current income) when you actually sell
BOTH are to holder's favor. Some of you need to sell this security and go buy something you can actually understand.
With commodity and gold trending the way they are, I like being in this fund atm.
The price keeps going up with no news.
Is there a dividend increase coming soon?