I am holding ABX. Would you advise averaging down?

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No. 1-17
Sean Hyman
Sean Hyman

Editor

You're welcome.

mrho
mrho

Thank you

Sean Hyman
Sean Hyman

Editor

It's forward P/E is a little higher than I'd prefer it to be but other than that, it's fine. And if gold continues to go up like I think it will, it could help compress that P/E with increased earnings relative to the price. So I can't tell you, one-on-one, if you should or shouldn't. Just know its more volatile than most. In LI, if we go into it, we'll likely go into a gold mining ETF. But yes, there's nothing wrong with averaging down on it. It's fundamentally strong enough.

mrho
mrho

I'm still down on ABX from holding it for many years with you now. Currently thinking of averaging down after selling some others for profit as recommended. At current price I'm down about 12.5 to 13% vs my average buy in. Do you still like ABX fundamentally at this time to consider this? I haven't bought into the GLD since I've had a good amount of ABX. Appreciate your thoughts on this one!

mrho
mrho

Sean,

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