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bullions

Inside this issue

• The shares in producers find it difficult when gold and silver rise only to follow their movements painfully accurately when they fall

• Fast-moving prices have prompted more companies to hedge risks - -

Content

The problem with wild prices

Industrialisation in China has been a main driving force of the supercycle and the supply response has been slow. Javier Blas reports

Trading houses: Veil slowly lifts on a secretive profession

Javier Blas shines a spotlight on publicity-shy middlemen

Guest column: Price volatility is here to stay

Chief executives need to determine the degree to which taking price risk fits with appetite and expectations, writes John Drzik

Oil: Comfortable cushion disappears

Gregory Meyer reports on the world’s dwindling spare capacity

Precious metals: Prices go skyward but stocks remain on earth

Investors want the bullion rather than the equities, says Jack Farchy

Base metals: The sharp rise in the cost of energy has fuelled aluminium prices

The price rallied almost 30% since November, writes Jack Farchy

Codelco: In urgent need of a huge injection of investment

Jack Farchy finds creative plans at Chile’s state miner

Agriculture: Weather is more important than ever

Meteorologists have a vital role in face of fears of poor yields, reports Gregory Meyer