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Stock impact report

GGN.PR.B: Still A Buy [Seeking Alpha]

GAMCO Global Gold, Natural Resources & Income Trust (GGN) 
NASDAQ:AMEX Investor Relations: gabelli.com/funds/products/-116.html
Company Research Source: Seeking Alpha
GGN.PR.B are perpetual preferred shares, primarily driven by interest rates rather than gold prices or fund performance. Preferred shares show low volatility and potential capital gains if long-term rates decline, with limited downside unless severe fund drawdowns occur. Main risks include persistent inflation or fiscal deficits preventing Fed rate cuts, but current CPI trends support the positive outlook for GGN.PR.B. piranka/E+ via Getty Images Thesis We recently covered the GAMCO Global Gold, Natural Resources & Income Trust ( GGN ) CEF here , downgrading the name to 'Hold' on the back of a parabolic move in gold prices. For the same CEF, we had This article was written by Analyst's Disclosure: I/we have a beneficial long position in the shares of GGN.PR.B either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no busine Show less Read more
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