DRYBLOWER

The greenback-gold conundrum: Dryblower

QUIZ time: Is the gold price rising, or is the US dollar falling? Tricky, eh! Gold bugs reckon that the good times are rolling because gold is at a 16-year high. Worry warts, like <I>Dryblower</I>, are not so sure because if you look wider than the gold market you find all sorts of adjustments under way.

Dryblower

- Oil, for example, is up sharply when measured in US dollars – but not so high when measured in other currencies. - That new European currency, the euro, is at an all-time high of US$1.29 when measured...

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