Chris Mancini, CFA on Business News Network - December 7, 2016

 

Gold shines as markets wither

December 7, 2016 - 11:36 minutes

 


Chris Mancini is a Research Analyst for Gabelli Gold Fund.

The above webcast is an excerpt from a Business News Network (BNN) broadcast that aired on December 7, 2016. The webcast is made available by BNN and is provided on GAMCO's website for your convenience only.

GAMCO is providing these links as a matter of general information. We do not intend for these links to be a complete description of any security or company and it is not an offer or solicitation to buy or sell any security, nor is it a research report with respect to any of the companies mentioned herein.

As of September 30, 2016, affiliates of GAMCO Investors, Inc. owned 1.01% of Randgold Resources, 1.56% of Royal Gold, 1.22% of Detour Gold and less than 1% of Barrick Gold, Goldcorp, Newmont, Agnico Eagle Mines, Fresnillo Plc, Franco Nevada and Northern Dynasty Minerals. The Gabelli Gold Fund owned 498,700 shares of Barrick Gold (representing 2.32% of the fund), 45,000 shares of Goldcorp (less than 1% of the fund), 347,871 shares of Newmont (3.58% of the fund), 295,900 shares of Randgold Resources (7.76% of the fund), 462,432 shares of Agnico Eagle Mines (6.57% of the fund), 1,160,500 shares of Fresnillo Plc (6.84% of the fund), 244,700 shares of Franco Nevada (4.48% of the fund), 195,000 shares of Royal Gold (3.96% of the fund), 645,000 shares of Detour Gold (3.60% of the fund) and 1,222,000 shares of Northern Dynasty Minerals (less than 1% of the fund). These securities are not necessarily reflective of the entire portfolio.

Investments related to gold and other precious metals and minerals are considered speculative. The Fund may be subject to significant volatility and investors may experience substantial loss of value in a short period. Investing in foreign securities involves risks not ordinarily associated with investment in domestic issues. Fund's concentrating in specific sectors may experience greater fluctuations in value than funds that are more diversified.

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The Fund's share price will fluctuate with changes in the market value of the Fund's portfolio securities. Stocks are subject to market, economic and business risks that cause their prices to fluctuate. When you sell Fund shares, they may be worth less than what you paid for them. Consequently, you can lose money be investing in the Fund.

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