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How To Get 6% Discount On Gold And Silver, 11% On Miners And A 11% Dividend

Published Wed, 05 Jul 2017 15:14:26 -0400 on Seeking Alpha

This series of articles does not aim at predicting where precious metal prices will go, but at showing investors where they can get more value for their money.

About 1 month ago I wrote about gold:
The short interest of commercial hedgers is getting close to its value at 3 reversals, but it may also go higher.
Indeed price and bullion banks short interest went a little bit higher, but refused to continue the bullish channel started in December and to overcome $1300, which has already served as a resistance 5 times in 30 months. When I write, it is back down close to $1200, another important mark which has been a support, a magnet and a resistance in the last 4 years. When you read this, it may have fallen through it.
Gold price weekly chart (finviz.com)
The short interest of commercial hedgers is in a middle of its range since the gold bear market started in 2011. It doesn’t help to guess what kind of move gold insiders are anticipating. The story is the same for silver, but different for platinum, whose commercial hedgers short interest is small: it seems bullion banks are not betting on platinum going much farther to the downside. On the opposite, their short interest, and the price, is still very high for Palladium. It may go even higher in case of increasing tensions with Russia, the leading producer. Palladium has already served as a “Putin hedge” in 2014, when black swans were flying over the Black Sea. Now they are in Syrian and... Read more

Stock name Last trade   P/E Earnings/Share Dividend/Share Dividend yield
GABELLI GLOBAL GOLD NAT RES & INC TRUST 4.44   0.0 0.00 0.00 13.48
GAMCO NAT RES GOLD & INCOME TRUST 5.83   0.0 0.00 0.00 10.40
ARCHER-DANIELS-MIDLAND 41.45   17.8 2.33 1.40 3.47
DEERE 163.26   15.9 10.29 3.04 1.85
MONSANTO 123.37   22.8 5.42 2.16 1.76
NEWMONT MINING 38.66   0.0 -0.14 0.56 1.47
FRANCO-NEVADA 91.87   114.8 0.80 1.00 1.06
BARRICK GOLD 13.12   0.0 -0.56 0.28 0.93
RANDGOLD RESOURCES 17.13   0.0 -1.20 0.16 0.93
AGNICO-EAGLE MINES 56.59   0.0 -1.33 0.50 0.88
ROYAL GOLD 123.13   86.1 1.43 1.06 0.85
CIA DE MINAS BUENAVENTURA 14.33   0.0 -0.16 0.12 0.82
GOLDCORP 11.19   0.0 -4.77 0.00 0.70
ANGLOGOLD ASHANTI 19.59   0.0 0.00 0.05 0.27
ASA 12.30   0.0 0.00 0.02 0.16
SPDR GOLD TRUST 141.32   0.0 0.00 0.00 0.00

GABELLI GLOBAL GOLD NAT RES & INC TRUST - GGN
GABELLI GLOBAL GOLD NAT RES & INC TRUST - GGN  


Older articles featuring Gabelli Global Gold Nat Res & Inc Trust (GGN):
GAMCO Global Gold, Natural Resources & Income Trust Declares Monthly Distributions of $0.03 Per Share
GAMCO Global Gold, Natural Resources & Income Trust Declares Monthly Distributions of $0.03 Per Share
GAMCO Global Gold, Natural Resources & Income Trust Declares Monthly Distributions of $0.03 Per Share
GAMCO Global Gold, Natural Resources & Income Trust Declares Monthly Distributions of $0.03 Per Share
GAMCO Global Gold, Natural Resources & Income Trust Declares Monthly Distributions of $0.03 Per Share
Gold Mining Stocks Broaden Their Appeal - With Dividends
BCX: A 7.8%-Yielding CEF With Diversified Exposure To Commodities
Closed-End Funds: 12 Funds In The 10%+ Yield Club At A Discount
The Fed's Decision May Yield A Surprise
Using BCX's 7+% Yield, To Hedge Against Inflation In Your Income Portfolio

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