In a panic all things fallAs margin calles come in they sell everything including gold.In the panic of 08 09 gold fell sharply with markets and then rised with markets.
It seems the Brexit vote is going to leave if 15 polls are right:
PGD is dirt cheap now and might get even cheaper if Brexit forces PGD to finance more shares at a lower price.
On another note DDC needs PGDit would seem:
FP says RBC sees risks owning Dominion Diamond
2016-06-14 07:58 ET - In the News
The Financial Post reports in its Tuesday, June 14, edition that Dominion Diamond ($13.09) was cut to "sector perform" from "outperform" at RBC Capital Markets due to the challenging outlook for its Jay Project and the lacklustre diamond market. The Post's Jonathan Ratner writes in the Trading Desk column that RBC analyst Des Kilalea noted that while a feasibility study for Jay (an expansion of the Ekati Diamond Mine) could be ready by mid-July, achieving the firm's minimum 15-per-cent internal rate of return appears to be proving difficult. He suggested that delaying the project and using the benefits of deferred rehabilitation liabilities at Ekati, may help Dominion bridge the gap. However, the analyst pointed out the firm will still likely need rough diamond prices to rise. "On the rough market, our view is that prices will soften in the summer with, hopefully, slight firming later in the year," Mr. Kilalea told clients. "But with a leading bank looking to pull back further from mid-stream funding, risks remain.