The stock is now at long term trend line. Downside is maybe .50 c from here. As I collect my 200.00 every month I can afford to wait for the uptick. If there is a hint of a QE3 this stock will be back at 18. Who's laughing now?
I don't see a complete correlation between this and QE3.
Yes, there should be some uptick in gold if QE3 is initiated, but this is not completely dependent upon gold prices. "Natural resources" are factored into this too, and for an uptick in that, China will need to start buying heavily again.