Have Your Gold and Dividends Too

Gabelli Global Gold, Natural Resources & Income Trust (AMEX: GGN) –This non-diversified, closed-end management investment company, which invests in the equity securities of companies principally engaged in the gold and natural resources industries, has provided a steady dividend return, as well as a way to participate in major metals mining stocks.

The Trade of the Day has chosen GGN 10 times within the past 18 months, and it has rewarded us with consistent returns. Now, after making a new high for the year on Feb. 18 at $19.50, GGN has pulled back to a buy point at $18, just above its 200-day moving average and support line at $17.50.

With a dividend of $1.68, the annual yield is now over 9%, a portion of which is a return of capital. GGN appears to again provide a way to participate in a resumption of higher gold prices without the volatility associated with other gold-related investments.

Trade of the Day - Gabelli Global Gold, Natural Resources & Income Trust (AMEX: GGN)

Trade of the Day Chart Key

If you have questions or comments for Sam Collins, please e-mail him at samailc@cox.net.

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Article printed from InvestorPlace Media, https://investorplace.com/2011/05/trade-of-the-day-gabelli-global-gold-natural-resources-income-trust-amex-ggn-2/.

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