<SEC-DOCUMENT>0000950123-11-057913.txt : 20110829
<SEC-HEADER>0000950123-11-057913.hdr.sgml : 20110829
<ACCEPTANCE-DATETIME>20110609165532
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ACCESSION NUMBER:		0000950123-11-057913
CONFORMED SUBMISSION TYPE:	CORRESP
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20110609

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Gabelli Global Gold, Natural Resources & Income Trust
		CENTRAL INDEX KEY:			0001313510
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		ONE CORPORATE CENTER
		CITY:			RYE
		STATE:			NY
		ZIP:			10580-1422
		BUSINESS PHONE:		800.422.3554

	MAIL ADDRESS:	
		STREET 1:		ONE CORPORATE CENTER
		CITY:			RYE
		STATE:			NY
		ZIP:			10580-1422

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Gabelli Gold, Natural Resources & Income Trust
		DATE OF NAME CHANGE:	20050105
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<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><FONT style="FONT-variant: SMALL-CAPS">Skadden, Arps, Slate, Meagher &#038; Flom llp</FONT>
</DIV>

<DIV style="position: relative; float: left; width: 32%">

<DIV align="Center" style="font-size: 10pt; margin-top: 85pt">DIRECT DIAL<BR>
212-735-2262
</DIV>

<DIV align="Center" style="font-size: 10pt; margin-top: 6pt">EMAIL ADDRESS<BR>
Rose.Park@SKADDEN.COM
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 100pt"><U>VIA EDGAR</U><BR>
Ms.&nbsp;Laura Hatch<BR>
Securities and Exchange Commission<BR>
Division of Investment Management<BR>
100 F Street, N.E.<BR>
Washington, D.C. 20549

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<DIV style="position: relative; float: left; margin-left: 2%; width: 32%">

<DIV align="Center" style="font-size: 10pt; margin-top: 6pt">FOUR TIMES SQUARE
</DIV>

<DIV align="Center" style="font-size: 10pt; margin-top: 6pt">NEW YORK 10036-6522
</DIV>

<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><DIV align="center"><DIV style="FONT-size: 3pt; margin-top: 16pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV></DIV>
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<DIV align="Center" style="font-size: 10pt; margin-top: 6pt">(212)&nbsp;735-3000<BR>
Fax: (212)&nbsp;735-2000<BR>
http://www.skadden.com
</DIV>

<DIV align="Center" style="font-size: 10pt; margin-top: 100pt">June&nbsp;9, 2011
</DIV>
</DIV>
<DIV style="position: relative; float: right; width: 32%">

<DIV align="center" style="font-size: 10pt; margin-top: 18pt">FIRM/AFFILIATE<BR>
OFFICES<BR>
<DIV align="center"><DIV style="FONT-size: 1pt; margin-top: 0pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV></DIV>
BOSTON<BR>
CHICAGO<BR>
HOUSTON<BR>
LOS ANGELES<BR>
PALO ALTO<BR>
SAN FRANCISCO<BR>
WASHINGTON, D.C.<BR>
WILMINGTON<BR>
<DIV align="center"><DIV style="FONT-size: 1pt; margin-top: 0pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV></DIV>
BEIJING<BR>
BRUSSELS<BR>
FRANKFURT<BR>
HONG KONG<BR>
LONDON<BR>
MOSCOW<BR>
MUNICH<BR>
PARIS<BR>
SINGAPORE<BR>
SYDNEY<BR>
TOKYO<BR>
TORONTO<BR>
VIENNA
</DIV>

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    <TD nowrap align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;RE:</TD>
    <TD>&nbsp;</TD>
    <TD><U>The Gabelli Global Gold, Natural Resources &#038; Income Trust
(File Nos. 333-170691; 811-21698)</U></TD>
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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Dear Ms.&nbsp;Hatch:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Electronically transmitted herewith for filing on behalf of The Gabelli Global Gold, Natural
Resources &#038; Income Trust (the &#147;<U>Fund</U>&#148;) is the Fund&#146;s Post-Effective Amendment No.&nbsp;3 to its
Registration Statement on Form N-2 (the &#147;<U>Registration Statement</U>&#148;) under the Securities Act
of 1933, and the Investment Company Act of 1940.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Fund has authorized us to make the following responses to the comments provided to me via
telephone on June&nbsp;1, 2011. Each comment is set forth below in
bold font and the Fund&#146;s response follows.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>1. In the &#147;Summary of Fund Expenses&#148; section, please clarify and confirm the basis for the data
provided. The disparity between the data provided in the &#147;Financial Highlights&#148; section and the
data provided in the &#147;Summary of Fund Expenses&#148; section is a marked one, even if the latter
includes estimates for a potential offering. Please confirm that actual expense ratios are being
used as the basis for the data provided in the &#147;Summary of Fund Expenses&#148; section.</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All data used for the &#147;Financial Highlights&#148; section is based on the average net assets for
the year ending December&nbsp;31, 2010. The average net assets for The Gabelli Global Gold, Natural
Resources &#038; Income Trust (the &#147;Fund&#148;) as of
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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">June&nbsp;9, 2011<BR>
Page 2

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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">December&nbsp;31, 2010 including preferred was $812,833,444.
The average net assets for the Fund as of December&nbsp;31, 2010, excluding preferred was $713,941,269.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
data provided in the &#147;Summary of Fund Expenses&#148; section is
based on the ending assets of $1,108,583,110 as
of February&nbsp;2, 2011 plus an additional $750&nbsp;million ($650 common and $100&nbsp;million preferred) which
is the estimate for the potential offering. The total net assets used within the &#147;Summary of Fund
Expenses &#147; is $1,858,583,110. The net assets are broken down $1,659,690,935 common and
$198,892,175 preferred.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The expenses used in the &#147;Summary of Fund Expenses&#148; are based on the actual expenses reported
in the Fund&#146;s December&nbsp;31, 2010 Annual Report and have been adjusted to include the additional
expense  estimates based on the potential offering. It should be noted that additional assets
raised in &#147;at the market&#148; offerings significantly increased
(by approximately $445 million)
the total net assets used in the
&#147;Summary of Fund Expenses&#148; versus the average net assets used in the Financial Highlights.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In addition, &#147;Dividends on Preferred Shares&#148; which is included in the &#147;Summary of Fund
Expenses&#148; is not an item listed within the Financial Highlights.
The Fund believes that the foregoing differences effectively  account
for the differences in certain figures in the two tables noted by
the staff.
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>2. The Registration Statement covers common shares and preferred shares. However, the form of
prospectus supplement included in the Registration Statement covers only common shares. Please
include a form of prospectus supplement in the Registration Statement for the preferred shares.</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A form of prospectus supplement relating to the preferred shares has been added to the
Registration Statement.
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>3. In the Statement of Additional Information, please move the &#147;Ownership of Shares in the Fund&#148;
section which currently appears on page 29, so that such section immediately follows the section
captioned &#147;Compensation Structure.&#148;</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The &#147;Ownership of Shares in the Fund&#148; section has been moved accordingly.
</DIV>

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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">June&nbsp;9, 2011<BR>
Page 3

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If you have any questions or comments or require any additional information in connection with
the Registration Statement, please telephone me at (212)&nbsp;735-2262 or Richard Prins at (212)
735-2790.
</DIV>

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    <TD colspan="3" align="left">Sincerely,<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
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    <TD align="left">&nbsp;</TD>
    <TD colspan="3" style="border-bottom: 1px solid #000000" align="left">/s/ Rose Park, Esq.
&nbsp;</TD>
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