RS: Price fall makes for buying opportunities in gold mining stocks
Steven Butler: Yes, it is. We set a 12-month target at the end of July suggesting a peak of $1,750/oz. for gold and $45/oz. for silver. Gold shot up to $1,900/oz.-a little bit too far, too fast in August given the unchanged macro conditions. The world hasn’t changed dramatically in terms of all the macro conditions affecting Europe and the U.S.
