Backing that other yellow metal: Dryblower

URANIUM, thanks to China’s hunger for energy and the visit of Premier Wen Jiabao, is the hot commodity for Australian speculators. So hot that Dryblower reckons a few of the locals are forgetting a metal that is a lot easier to mine than uranium, sells itself, and is moving higher so quickly that it might even spark a burst of takeover activity while everyone is facing the wrong direction.

The magic metal is gold, and last week’s 3% price rise from $US565 ($A791) an ounce to $582/oz, did a lot more than deliver higher profits to producers – higher at least to those producers who haven’t

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