'paper gold challenge, page-27

The psychology of differentiating the POG into two components,
namely paper gold and real gold, is interesting because it gives
the metal lovers an out.

The truth of the matter is that when gold was going up , there was a significant component of that price rise due to the so called "paper gold" but the gold bugs
did not recognise that then. Now that there has been a drop in the POG there
is the "paper gold" scapegoating.

And the bottom line is that the POG is down today and the graph has yet to confirm whether we are on a dead cat bounce or simply a breather to take profit.

Cheers
Moorookamick