Nuveen California Municipal Value Fund Inc T.NCA

RE:Projections

[aweigh]

Seems to me the POG is dictated almost entirely by a handful of traders who whipsaw the price based on their perceptions, broadcast to everyone in the media , about the impact current events will have on the price of the metal. For example Mr. Druckenmiller, who was a well advertized gold bull suddenly decided that " The Donald " was going to be good for the economy and announced that he had sold all of his gold on the evening of Trumps win. Sure enough all the traders decided that was as good a reason to trade as any and they pounded the metal down. Tomorrow some other clown will come out and say but wait, " The Donalds"  policies will adversly affect the US $, the deficit , bla bla bla, and the POG should be higher and like clockwork all the traders will jump back in and up it goes.
It's completely goofy.
Seems to me that finding 5 or 6 or 7 million oz. of gold OZ's of gold is pretty tough work and major mining Co.'s know that so as long as we forge ahead and prove up our deposit there should be a ready market for this Co. regardless of the ever fluctuating POG.

The same talking heads who are currently down on gold are also scratching their heads about the increasing price of copper. The bottom line is no one knows where these metals are going but finding them in abundence has and always will pay off.  Think we just have to stick with that.

BadVision wrote: Looking for insight, projections and/or comments considering the price of gold, President Elect, and the world economy. 

Will gold come back? Will NCA push copper exploration in Mexico?