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DRYBLOWER
Dryblower on gold's hit due to rising interest rates
GOLD bugs got a wake-up call late last week when the price of their metal fell by more than US$100 an ounce over two days just when it had been expected to rise in the wake of the Washington riot, a fact which <i>Dryblower</i> assigns to a more significant event in New York.
Interest rates, especially those on US 10-and-30-year Treasury bonds, are a more powerful money motivator than the political games being played in the US capital as one president exits, and another enters....
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