Chris Mancini on Business News Network - September 10, 2014


Commodities: When will Gold Get its Sexy Back?

September 10, 2014 - 6:36 minutes

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Chris Mancini - Gabelli Gold Fund - Portfolio Research Analyst.

The above webcast is an excerpt from a Business News Network broadcast that aired on September 10, 2014. The webcast is made available by Business News Network 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 June 30, 2014, affiliates of GAMCO Investors, Inc. owned 1.3% of Randgold Resources Ltd., 1.24% of Agnico Eagle Mines, 1.1% of Royal Gold, 1.38% of Newmont Mining, 1.35% of Eldorado Gold and less than 1% of B2Gold, Papillon, Yamana Gold, Barrick Gold, Franco-Nevada, Fresnillo, and Goldcorp. The Gabelli Gold Fund owned 501,361 shares of Barrick Gold (representing 3.44% of the fund), 1,500,000 shares of B2Gold (1.61% of the fund), 504,700 shares of Franco-Nevada (10.62% of the fund), 650,000 shares of Papillon (less than 1% of the fund), 368,400 shares of Randgold Resources (11.86% of the fund), 987,525 shares of Yamana Gold (2.99% of the fund), 553,433 shares of Agnico Eagle Mines (8.02% of the fund), 1,298,333 shares of Eldorado Gold (3.65% of the fund), 543,800 shares of Goldcorp (5.56% of the fund), 390,871 shares of Newmont Mining (3.78% of the fund) and 167,000 shares of Royal Gold (4.82% 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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