posing a few questions re. abm, page-60

Bruce, sharp bounce back for gold, now up in Asian trade to $1205 after being down $20 to near $1180.

SLR is up 1% despite having all in costs well above what ours are anticipated to be. Same re costs for NCM and PRU and both of those even today. In fact PRU all in costs will be above US$1100 so with gold at $1200, if anyone should be scared about POG weakening any further at all it should be PRU holders yet the stock is even today after being up yesterday.
Is the market thinking gold is near bottom or are the buyers of those stocks just crazy?
Guess we will find out in the future.