What is your take on PDG? I lost it at 14.75 and want to get back in. Today's low was 16.39. Will it continue going down if the POG keeps dropping?
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Hi East Bay,
It prolly depends upon how far the PoG would drop, if at all,
but if you're talking the PoG back into the $370's, I would have to say "of course it will."
To expect anything else would seem somewhat unrealistic to me.
After all, in my view, PDG doesn't have that great of a story.
I personally would prefer a basket of juniors whose total costs would approximate that of PDG.
You can buy a 1000/sh of EGO (3.33), BGO (3.91), WTZ (4.42) MNG (2.25) and GBN (2.30) for less (16.21) than you'd pay for a 1000/sh of PDG (16.55).
May I suggest you save this post and look at it every six months so you can either tell me how FOS I am or how you wish you'da listened to me.
Good luck with whichever way you decide to go.