Dryblower and the era of uncertainty which is driving gold higher (in US dollars but not Australian)

WHAT Steve gave Donald took away, an observation which sounds like an extract from a TV comedy, but which is from Dryblower’s view is a devastating comment on US economic policy that is making gold look better every day – except for Australian goldminers!

Dryblower and the era of uncertainty which is driving gold higher (in US dollars but not Australian) Dryblower and the era of uncertainty which is driving gold higher (in US dollars but not Australian) Dryblower and the era of uncertainty which is driving gold higher (in US dollars but not Australian) Dryblower and the era of uncertainty which is driving gold higher (in US dollars but not Australian) Dryblower and the era of uncertainty which is driving gold higher (in US dollars but not Australian)

Steve, in this modern-day equivalent of the Keystone Cops, is Steve Mnuchin, US Treasury Secretary. He was the man who said in the middle of last week that a weak US dollar wasn’t a worry because it was good for trade, the equivalent of tossing a live hand-grenade into a room full of central bankers.

Donald, as we all know, is US President Trump, who a few days later played down Mnuchin’s comment, but not convincingly, because the Treasury head was undoubtedly parroting views previously expressed by his boss who has a habit of saying one thing one day and another the next.

If confusion was the aim of the dynamic duo who occupy the two most important financial positions in the world, then they hit their target.