Target Price $1.50/Share, page-44

@arja I think it has to do with expectations, the 2000$ milestone seems was already priced into gold stocks (everyone was expecting gold to hit 2000), so hitting 2000$ today was no big deal. Moreover, I believe its about confidence/uncertainty, the market needs a confirmation that this price rise (2000$+) is sustainable and not just temporary, IMO give it another week of strong gold price action and the market sentiment will shift to certainty that this is real and happening and not just some short term bubble and then the gold miners will see another rise. The short term bubble is the stock market and the US$ not gold. Finally the market is awaiting another inflationary event : the US stimulus package, which could be anything between 1 trillion$ and 3 trillion$. probably in-between. The stimulus will provide another boost to gold, we ay see 2300$+ soon.