theres always an outlier and your exactly right, COP would be...

theres always an outlier and your exactly right, COP would be significantly reduced.

but what your both assuming which is silly is that this is the turning point for gold, your leaving your self open to be wrong by simple justifying to yourself the possible downside risks and the answers history holds as nothing but BS.

these numbers are indisputable because they are what they are and its clear to see... what im highlighting is the fact of the HUGE differential to the norm that you can clearly see in the numbers ive put on the example.

"PRU is simply being rerated to fair value based on investors realizing the oversold gold bear market is ending."

that is the biggest load of BS ive read in relation to how someones thought process should work in the market. You not even acknowledging the other side of the storey, you have your mind made up and your set in your way....

best of luck for you, hope you dont get caught holding the bag, i know i wont be.