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PVG - Osisko Gold Royalties: Painful Retracement Creates An Opportunity
Pretium Resources Inc. (Canada)
Courtesy: Mining Journal
Investment Thesis
The Montreal-based Osisko Gold Royalties (OR) has been performing quite well since early 2019, but this positive performance ended abruptly at the end of September.
With this recent selloff due mainly to an overbought situation, it is perhaps time to consider OR as a midterm investment. However, the price of gold is still trending down despite some recent encouraging days. The best strategy is to cautiously accumulate while trading short term about one-third of your position assuming lower highs.
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