We still have $2.50 easy to go on upside even with Gold flat to down
Do not sell. It feels like it has been a battle to get back to $20. But really $21 to $17.50 was just an aberation, not real prices. I'm hoping gold falls to $1435 and ABX trades to $22.50 by the end of May. Even after bouncing 15%, ABX remains one of the cheapest mining companies on the planet. The recent debt offerings at insane low interest rates (5% for 30 year debt!!!) takes all liquidity issues off table for next 5 years or so. Gold can fluctuate all it wants, and i doubt this would fall below where it was during the panic few weeks ago. Based on reasonable prediciton of long term gold prices 2015-2020, ABX will remain extremely cheap until it gets back to $26. Good luck.