Nuveen California Municipal Value Fund Inc T.NCA

Primary Symbol: NCA

Nuveen California Municipal Value Fund, Inc. (the Fund) is a diversified closed-end management investment company. The Fund's investment objective is to seek current income exempt from both regular federal income taxes and California personal income tax. Its secondary investment objective is the enhancement of portfolio value. The Fund invests in municipal securities that are exempt from federal and California state income taxes. The Fund invests at least 80% of its managed assets in securities rated, at the time of investment, investment grade or, if they are unrated, are judged by the manager to be of comparable quality. The Fund may invest up to 20% of its managed assets in municipal securities rated below investment quality or judged by the manager to be of comparable quality, of which up to 10% of its managed assets may be rated below B-/B3 or of comparable quality. It also invests in inverse floating rate municipal securities. Its investment adviser is Nuveen Fund Advisors, LLC.

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Nuveen California Municipal Value Fund Inc > divergence between NCA and gold prices

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Post by agooberon Sep 07, 2017 11:22am

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divergence between NCA and gold prices

the negative divergence occuring between NCA and the price of gold is baffling. junior gold developers are suppose to offer leverage against gold prices. every dollar that gold increases above newcastle's breakeven point, the NPV of the project increases and the project becomes increasingly attractive. for some reason, the share price of NCA has been lagging behind the price of gold. i except this divergence gap to close in the next couple of days and we should be over $1.00.

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