GGN offers a 6.7% monthly dividend with a six-year payout record, yet a critic urges investors to dump it. The piece argues GGN underperforms stocks over the long run and that its oil/gold exposure provides limited upside, citing historical 33-year comparisons. With oil strength already waning and gold correcting, near-term risk to GGN’s price remains elevated.
Gundlach predicts gold may reach $4,000 this year. GGN offers a 7.4% dividend through covered-call options. Falling rates create a favorable environment for gold investments. Recent portfolio gains may enable GGN to increase its dividend. NEM’s profits surge alongside low energy costs and high gold prices.
Gold prices may rise due to ongoing inflation fears. GGN's recent discount to NAV suggests potential price gains. The fund holds energy and mining stocks, impacting its correlation with gold. Government and Fed measures likely to sustain economic growth and influence gold. GGN's 8.3% payout remains attractive amidst gold price fluctuations.