Gamco Global Gold Natural Resources Income Trust, Ticker GGN
Reward vs risk. When considering stock market activities, isn't that pretty much what its all about? As Real Life Traders we are very fortunate to have a defined system in which a win achieves two or more units of risk while the result of a loss is to be down only one unit of risk. Outstanding!!! With this fund (symbol GGN) the reward is, by some standards, quite high. However, each of us as traders, must consider our own trading plan and then determine if the reward is worth the risk.
Here we have a Gabelli fund which operates as a non-diversified, closed-end management company whose main objective is to provide a high level of current income to investors. The investment objective is achieved by 1) investing in gold miners and companies related to gold/ precious metals/ natural resources and 2) then conducting option strategies on the securities owned by the fund. Fund size is about $740 million in net assets. For more information and a complete statement of objectives please refer to the GGN website.