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Have gold prices already peaked?
It’s easy to tell when Ben Bernanke says something important: markets tend to rise or fall depending on what the U.S. Federal Reserve chairman telegraphs. But when gold prices dropped about 2% early this month, it had nothing to do with what he said. It was what he didn’t say that many blamed for the slump.
On March 1, Bernanke spoke to the Senate about employment and interest rates, but...
Gas burns brighter
Lanny Pendill has been around long enough to know that, when people get too bearish or bullish on a commodity, he should take the opposite view. That’s why, in 2007, when natural gas prices were about $15 per thousand cubic feet (Mcf), the St. Louis–based senior analyst at Edward Jones was telling people that the good times were soon going to end. “I knew that price wasn’t here to stay...
Safer than gold
At $27 an ounce, silver’s price is nowhere near as high as the nearly $1,400 an ounce that gold is going for. But if you’re looking for quick gains, look again: believe it or not, silver’s meteoric rise has actually outpaced that of the seductive yellow metal — silver’s price has climbed 185% over the past five years, while gold has jumped by 133%. Why the rapid growth?...
Potash: Fertilizer for growth
When Bill Webb showed up for work at Gluskin Sheff on the morning of Aug. 17, he was surprised to find the office buzz was all about potassium carbonate. News was filtering in that Australian global mining giant BHP Billiton had just launched a $38.5-billion hostile takeover bid for Saskatchewan’s Potash Corp., the world’s largest producer of the stuff, commonly known as potash. It...
Bryan Borzykowski is a Toronto-based writer and editor working mainly for business publications. He writes for the New York Times, Canadian Business magazine, Globe and Mail, Bloomberg Businessweek Custom Publishing, Toronto Star, MoneySense and more. Bryan's the editor of Review magazine and is a senior editor with Connected for Business magazine. He's also a contributing writer with Hello! Canada and was once a weekly music columnist for Metro News. He's been nominated for several National Magazine Awards and he's co-authored