GGN at 13.55%
October 9th, 2008As of 10/08/2008 Closing NAV: $13.77 Current Distribution Rate: 13.55%
Closing Share Price: $12.40 Premium/(Discount): -9.95%
As of 10/08/2008 Closing NAV: $13.77 Current Distribution Rate: 13.55%
Closing Share Price: $12.40 Premium/(Discount): -9.95%
As of 10/03/2008 Closing NAV: $15.87 Current Distribution Rate: 10.18%
Closing Share Price: $16.50 Premium/(Discount): 3.97%
As of 10/01/2008 Closing NAV: $33.56 Current Distribution Rate: 3.28%
Closing Share Price: $34.25 Premium/(Discount): 2.06%
As of 10/01/2008 Closing NAV: $18.53 Current Distribution Rate: 8.40%
Closing Share Price: $19.99 Premium/(Discount): 7.88%
As of 09/29/2008 Closing NAV: $33.22 Current Distribution Rate: 3.64%
Closing Share Price: $30.88 Premium/(Discount): -7.04%
As of 9/29/2008 Closing NAV: $18.07 Current Distribution Rate: 8.01%
Closing Share Price: $20.97 Premium/(Discount): 16.05%
NAV @ $18.07, Would be nice to buy @ NAV
As of 9/25/2008 Closing NAV: $21.25 Current Distribution Rate: 7.89%
Closing Share Price: $21.31 Premium/(Discount): 0.26%
Fund Quick Facts As of 09/24/2008 Closing NAV: $21.07 Current Distribution Rate: 7.55%
Closing Share Price: $22.25 Premium/(Discount): 5.60%
GGN formed wave B. A strong stock has at least wave D.
Lowest low on 081808 of 22.9355 started wave A.
On 081408 the high of 25.42 ended wave A. The next day we had a lower high. That is the end of wave A.
On 081908 we made a new low of 23.80. Notice the next day we have a high low. This is a start of wave B.
On 082108 we make a new high of 26.13. This high is higher than 25.42. Wave B is forming. Just by chance the next we had a lower high and that formed wave B.
We are now working on wave C. We may have started forming wave C on the low on 082608 of 24.64.
Several things can happen now. We have go above 26.13 and wave C is on it’s way. We can go below 24.64 and that low will start wave C.
Time will tell.
Gabelli Global Gold,Nat Res&Income (GGN)
Closed-End ETFs
Fund Quick Facts As of 8/14/2008 Closing NAV: $24.24 Current Distribution Rate: 6.67%
Closing Share Price: $25.19 Premium/(Discount): 3.92%