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
$2.52 |
Change
0.010(0.40%) |
Mkt cap ! $3.467B | |||
| Open | High | Low | Value | Volume |
| $2.52 | $2.53 | $2.49 | $20.62M | 8.217M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2500 | $2.51 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.52 | 110383 | 6 |
View Market Depth
| Last trade - 16.10pm 13/11/2024 (20 minute delay) ? |
| PRU (ASX) Chart |