28.04.2011 - Why commodity prices are soaring
A 200-year-old trend may now be over... Is demand growth responsible for the recent surge in commodities? Or is it just a plain old inflationary increase in global money supply? Right now, all roads lead to China, which is why it's fitting that Australia's Prime Minister Julia Gillard is there at the moment. Maybe she can advise the Chinese on whether Australia's Foreign Investment Review Board will knock back Barrick Gold's C$7.3 billion bid for the Perth-based Zambian copper play Equinox. Barrick's recent bid trumps the offer made by Chinese-backed metals trader Minmetals Resources..............................................Full Article: Source
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