A Gold Fund for Dividend Investors

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Gamco Global Gold, Natural Resources & Income Trust (NYSE:GGN) — Formerly the Gabelli Global Gold, Natural Resources & Income Trust, this non-diversified, closed-end management investment company invests in the equity securities of companies principally engaged in the gold and natural resources industries.

The fund has provided a steady dividend return, as well as a way to participate in the appreciation of major metals mining stocks. Its goal is to provide steady income and it focuses on a strategy of writing covered call options on equities in its portfolio.

Therefore, in a major advance in precious metals, it normally will not participate fully in the appreciation of the stocks, but instead provides a much higher level of income, thus offsetting the risk of solely owning the stocks. The current dividend yield of GGN is 12%.

Having broken its 50-day moving average, its next price objective is $15 to $16.

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