I'm waiting for this to hit my entry point and wouldn't mind...

I'm waiting for this to hit my entry point and wouldn't mind seeing her dip a lower yet at the same time feel FML needs some defending.
1)From the outside looking in, the QR was not bad, simply as expected.
From the research I've done this QR was always going to look ordinary due to skewed figures.
If someone reads one QR in isolation and looks elsewhere, then their loss.
2)Some investors look at current PE's and QR's.
This is great if you are investor who looks backwards and not forward.
Forward the next two qtrs is where the action will be.
3) Tailspins figures in an earlier post, were very good and even bordered on conservative. Go back and look at them to revisit value. Also PE of 15 might be ok for an industrial, but it's on the low side for a gold producer.

Bottom line is they are in transition, higher grades are coming on stream with lower cash costs to follow.

As far as QE2 goes. They have run out of instruments and are desperate. The problem will be that the money won't flow to the areas required and won't solve unemployment and industrial output in the US. Maybe in the short term the world will keep smelling roses and be able to ignore the data, but gold mid term and while Bernake is in power looks good to me.

Mav