RE:PG is over rated.
Gold went down to $1180 twice in the last year and a half, the first time in june/13 PG hit a low of $1.51, the second time in dec/13 PG went as low as $1.28. Gold is now near that low once again and PG's trading at $2.50. One the mining stocks have picked up this year and outpaced the POG, and two, we're in a strong seasonal period for gold right now. The real test will come once again in december, if gold goes below $1150, I could see PG below $2 again.