Analyst CommentHe recommended AEM back in August. GLTA
BUY ON WEAKNESS
Barrick Gold(ABX-T)
19/12/2024
Write some puts?
If you're bullish on gold, a good strategy. He'd prefer to do it with AEM, but hard to do given that the stock price is so high.
Fine company, good assets, above-average quality base. Really good optionality to grow. Very cheap at 11.2x PE for 2025. Recent problems in different jurisdictions. Gold has suffered with the USD screaming higher. Might even be subject to tax-loss selling.
You could make $19-20 the strike price, and get paid a nice premium, but the trouble often is that you're right about the direction of the stock, but you don't end up owning it. If it goes to $30, you miss out on making the big money. Options are a great tool that can add to your portfolio, but not always the way to go.
Precious Metals
Greg Newman
$21.930
Unknown