Gabelli Gold a Solid Pick
by Sam Collins 02/17/09
Gabelli Global Gold, Natural Resources & Income Trust (GGN) -- This non-diversified, closed-end management investment company invests in the equity securities of companies principally engaged in the gold and natural resources industries.
More Trader Alerts
It has provided a steady dividend return, as well as a way to participate in major metals mining stocks.
The last time that we chose GGN as the Trade of the Day was on Nov. 24, when GGN was at $11.50. Since then, the double-bottom at $8 has been confirmed and the stock is in an uptrend with the next resistance at the 200-day moving average at around $20.
The stated dividend on GGN is $1.68 for a yield of more than 10%.
Get Sam Collins' Daily Trader's Alert e-mailed straight to your inbox each morning before the opening bell absolutely FREE!
In addition to getting instant access to his Trade of the Day, you'll also receive, in the same e-mail, his Daily Market Outlook so you can start your day off right by positioning yourself for profits!
Click here today to sign up today for Sam's FREE Daily Trader's Alert!
Sam Collins is a registered, fee-based portfolio manager who may be contacted samailc@cox.net. You can also check out an archive of some of his most recent market outlooks by clicking here.
More By This Expert
Don't Get Burned by the Market
Investors who try to anticipate the market's next move may get burned. Your best course of action here is to be patient.
Leverage a Bet on the Nasdaq 100
The ProShares Ultra QQQ (QLD), which delivers twice the daily performance of the Nasdaq 100, hit a new 18-month high this week, and doesn't appear to be stopping.
The market will eventually break to new highs, but it will likely remain within the current narrow zone of support for several more months.
An 'Ultra' Risky Bet on the Financials
If you have the stomach for a high-risk trade that could pay out big, now is the time to buy the ProShares Ultra Financials (UYG).
2 Sectors That Might Keep the Market Afloat
If technology and financial stocks can break through major technical resistance, the market could continue to go up for several more days.
