I would agree with your idea that gold can swing either way and if it gets near or breaks 1800 then Corvus could see a very good run but i am not sure a fall in gold would cripple this stock down to a buck as its pretty tightly held, though when the whole market fall no one is immune.
Where is your next down target? I purchased a pile at 1.48 and then waited, your target of 1.40 came around and purchased a big pile at 1.38, 1.40 and 1.42. I am not keen to add very much right now unless another big drop comes. Where do you think then bottom will be?