Maybe because the P.O.G. is moved by big insto's, hedge funds & Central Banks looking for hard physical assetts, dependable reserves which are easily converted to cash in volatile currency markets.
Individual smaller Gold stock producers +/or explorers seen as being too risky.
Big gold producers (NCM) keep hold of their profits and reinvest in new projects or expensive take overs of juniors.
PRU to me is a long term growth stock with a potential T/O in the future 6-12 months, it will always drop more than it rises with a + or - in the daily gold price.
I try to have a core LT holding and range trade 30% of my total holding
Maybe because the P.O.G. is moved by big insto's, hedge funds &...
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Last
$2.42 |
Change
0.040(1.68%) |
Mkt cap ! $3.324B | |||
| Open | High | Low | Value | Volume |
| $2.43 | $2.44 | $2.40 | $6.482M | 2.681M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 11787 | $2.41 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.42 | 83694 | 4 |
View Market Depth
| Last trade - 16.10pm 08/07/2024 (20 minute delay) ? |
| PRU (ASX) Chart |