My wife's trip to China puts truth to the lie that China is so advanced and American's are colloquial and self absorbed idiots. China is a third world nation - a largely backward, dirty and polluted Third World nation.
Quantitative Easing is nothing more than injecting more dollars into the system to flow throughout the system, thus creating, on paper anyway, economic activity. That is a bastardized copy of "trickle down."
It may seem counter intuitive but when economic forecasts are good and economy solid, precious metals go down or stagnate in value; when forecasts and economy are not so cheery, gold and silver increase in value.