RE:Obvious buy, no? Am I missing something?Averaging down can be a good strategy, or a brutal mistake. My guess is that this jobs report Friday is going to be spun as positive, even though expectations are really low. If that's the case, gold is going to take a temporary hit, you might be able to get this cheaper by mid September.
After the Fed balks at hiking rates the next time around, gold should bounce back and SPA along with it. JMO
good luck