I own this near average of 34. 30,000 shares. do the math now for me. then I have 10K of NEM at 45. I have some GG, IAG, GDX and GLD. I have 4 accts for family and friends. I'm getting creamed. My other stocks aren't doing well now either in this selloff. Right now ABX is killing me.
Do not fear. Let all the weak hands sell. None of the reasons to own gold have changed. If you are afraid to average down becuase you don't know how much more the price will fall then just wait for the bottom to be found and then buy on the rebound. You may not get the absolute bottom but you'll have some peace of mind.