All-Star A List GGN 12.14.16


Good judgment comes from experience, and a lot of that comes from bad judgment.                                                                                           Will Rogers

My good trades are a result of learning from bad trades and what did not work.  My bad trades are a result of not learning enough from trades that lost money.                                                                                              DOE

In this series, I analyze individual ETPs in my All-Star A list; searching for quality “Garden Growing” candidates.  Today I focus on the third “group A” performance leader GGNGAMCO Global Gold Natural Resources and Income

 I featured GGN back on 11.17.16 when evaluating the VIP Fund List.  Since it is on both lists, this should tell us something. 


Key Points…

1.    Is currently tracking GOLD .93 more than the SPX -.48

2.    Steady quarterly dividend amount (.07) even with price drops

3.    Two Simple Simon Buy signals hit in 2016

4.    Is trading under the high for the year and under the 6 WMA

5.    Has an average daily volume of 750K

6.    Is an ETF

7.    Has a current distribution spread of 9.92% (11.07% – 1.15%).

Tomorrow, I analyze PEY and NCV on Friday.  

Disclosure: I own GGN in one of my Garden Growing accounts. 

Enjoy your day!

David O. England


Plan your work, work your plan, and share your harvest! 1 Timothy 2:1-2

This information is for Educational purposes only. It shall in no event be construed or interpreted as an offer or recommendation to buy or sell securities of any kind.

DAVID O. ENGLAND is the founder of the Eye on the Market-Training Academy and Associate Professor Emeritus of Finance. This column is presented for educational purposes only and not intended as financial advice.

If you have a question or comment, contact David England at eyeonthemarket@outlook.com.

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