gold just went through $900 us, page-4

Yes, the commodity price does affect the share price even of an explorer, BUT not very much. I've done the statistical regression of CQT's share price vs. the day-to-day LME gold price: the 'explanatory' power, if you will, the influence of the spot gold price explains about 15% of the day-to-day share price movements. Obviously, that means that other factors like the ones I mentioned (and ones I didn't, like market sentiment towards the sector and CQT in particular) explain the other 85%!

So, keep following the gold price if you like, but we'll have to agree to disagree on whether that's a big deal or a small deal for CQT's share price.