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Currently, I have two domains pointing to same content, and it's done by DNS entry at my service provider. Google indexes my "old" domain, and I have PR of 4 which is not bad comparing to my competitors. I submited my new domain to both google and DMOZ months ago, and it shows up in DMOZ but not in Google directory nor Google results.
However, my "new" domain shows grey PR mark in toolbar, and also, no results show up as indexed in Google.
But, regardless of that, same subdirectory at both domains as www.olddomain.com/subdir shows same PR ranking as www.newdomain.com/subdir regardless of not showing up in google results.
My question is simple - in your opinion - what should I do?
If I understand that right, the two domains currently active do point to the same content, i.e. you have one site under two names.
If so you should simply make 301 redirects from the old url to the new. That tells the engines the content is under the new site, which then eventually should replace all listings with the old name in the index.