Filed under: Major Movement , Competitive Strategy , Barrick Gold (ABX) , Commodities , Federal Reserve Back in the late 1970s, the Hunt brothers from Texas tried to corner the silver market . That drove prices to $48 an ounce. Now, 31 years later, silver is shooting higher again. The March silver futures contract closed at $32.296 per ounce , up 72 cents. Since gold is expensive, investors are turning to silver to hedge against inflation. Many fear that the Federal Reserve will not be able to control the spike in commodity prices. The Fed is buying $600 billion of treasuries and keeping interest rates near zero. Continue reading Silver Near a 31-Year High Silver Near a 31-Year High originally appeared on BloggingStocks on Sat, 19 Feb 2011 12:50:00 EST. Please see our terms for use of feeds . Permalink | Email this | Comments
SHARE prices of gold mining companies across the globe took a dive Monday after prices for the precious metal plummeted for a second straight day. The plunge ofĀ gold prices news has been resounding around the world in recent weeks Exchange-traded funds were dumping their gold holdings amid a more pessimistic outlook for gold, which […]
If you plan on diversifying your portfolio, a great way of doing so is through gold. There are a variety of methods for you to start with, each with its own pros and cons. Bullion and coins are the most common methods, but other ways you can start investing with the precious metal is […]
Gold, both in the form of a commodity and asset, has dramatically improved in value since 2008. Essentially, the value of these precious metals have doubled in a very short period of time. A handful of reasons play roles in the fast escalation of the price, such as slowly improving industrial demand. However, the key […]
“Girls love to spin.” — Wayne, Dance Instructor, Howard County Parks and Rec. I’m taking dance classes at the local Parks & Rec. with a stunning brunette, which is why I’m shuffling my feet around on Sunday nights at eight. The crowd is mixed; twenty-something hipster couples and old guys who have difficulty with their gig lines. The instructor is a cross between Wayne Newton and Telly Savalas: a black silk shirt, shaved head, and a nose like an organic potato. He sucks his microphone like a lollipop and spits out a steady stream of advice: “One, two, hook the toe, slide back, twirl…” Chick magnet The chicks love him, of course. And heck, I was even having a good timeļæ½— right up until Wayne Savalas swished over during the break. My H1 was in the parking lot. It’s shiny, yellow, and chews diesel like a Mongolian wrestler at a yak roast. Wayne obviously saw me pull up and feels he should enlighten me about his new Chevy Volt getting 60 miles per gallon… And why would I drive something that sucks up so much gas and destroys the environment? I told him that I was fully invested in oil explorers. And with the trouble in the Middle East launching my shares, I could drive a Semi for life… Brent Crude ETF (BNO) Yes, he said, but is this more of a trade on the Arab revolutions, or does it have more to do with the destruction of the dollar? Wayne pointed out that the dollar/euro has hit a four-month low and seems to be heading lower. Down she goes What is most concerning is that during this particular period of global uncertainty, the
“Forgive me, I must start by pointing out that three years after our horrific financial crisis caused by financial fraud, not a single financial executive has gone to jail, and that’s wrong,” said Charles Ferguson, direction of Wall Street’s own Inconvenient Truth, “Inside Job.” Of course, you’d be fooling yourself into thinking his speech will really change anything… And you’d be fooling yourself if you think the financial scams haven’t continued to this day. It’ll be a cold day in hell when executives are properly jailed for this, but at least Ferguson was able to reignite the anger that most Americans have toward Wall Street. And they have plenty to be angry about… as seen here . Plus, according to Business Insider: “ The industry has made more money since the crisis How disturbing is it that after a crisis of that magnitude and after having to be BAILED OUT in order to survive, the banking industry is still thriving while the average American is barely treading water. Reminds me of a joke I recently read on Facebook: A public union employee, a Tea Party activist, and a CEO are sitting at a table with a plate of a dozen cookies in the middle of it. The CEO takes 11 of the cookies, turns to the Tea Partier, and says, “Watch out for that union guy. He wants a piece of your cookie.” The average salary of a Goldman Sachs employee is $600,000 Honestly, I am less bothered by professional athletes who make that much. It’s despicable that these veritable criminals make 10 times what the average American makes (in some cases more than 10 times). Business Insider points out that the number has gone down — to $431,000 — but is still way, way too high. AIG paid Goldman Sachs $13 billion in taxpayer money Where did those huge salaries come from? Oh yeah! From us! So if you are only making $40,000, never fear. Your tax dollars are making sure someone is making 10 times what you are. Totally fair, right? AIG’s Joe Cassano made $315 million after the company took at least $85 billion from taxpayers There are NO words. None. Lehman CEO Dick Fuld earned $485 million Fuld claims he only made $310 million. Only. Truly, it’s so depressing in this world that so many go about defending these people’s rights to make that much while also vilifying the unions and hard-working people of Wisconsin who just want to earn livable wages and be able to afford health care for their families.” And here’s the video of Inside Job’s win… and a trailer from the must-see documentary… Must See: Wall Street’s “Inconvenient Truth” originally appeared in Wealth Daily . Wealth Daily is a free daily newsletter featuring contrarian investment insights and commentary.
Here’s a wonderful video I came across visiting Washington’s Blog this morning. It’s a great read if you haven’t discovered it already. As the video reminds us…. “The Funders” are not “The People”. You have to act to get it back. There is a reason everything is so screwed up. The further you stray from our beginnings the worse everything becomes. Related Article: NEWSFLASH: The Meltdown Didn’t Have to Happen Bill Black: Fire Holder, Geithner and Bernanke The No Spin Zone: Bill Black Calls BS Epic Fail: Brooksley Born Demolishes Alan Greenspan Matt Taibbi: Goldman is “Re-creating the conditions for another crash” To learn more about Wealth Daily click here Advertisement 21st Century Medicine … Is exactly what you thought it would be. An AIDS vaccine has been tested. New organs are being grown. Limbs are being created from scratch. But humanity isn’t the sole motivator… Serious cash stands to be made by curing diseases. One small biotech firm — featured on 60 Minutes — is on the path to even wilder medical breakthroughs. To see what I mean and learn about this company, watch this brief presentation . What’s Really Wrong With America originally appeared in Wealth Daily . Wealth Daily is a free daily newsletter featuring contrarian investment insights and commentary.
Being primarily an artist, rather than a politician or an activist, I am committed to truth and beauty rather than a party-line or any given ideological doctrine. Yet, without my intending to do so, and in just a few sentences ā I managed to cross every possible āred lineā, and I bought myself a few more enemies. I also managed to infuriate some, by suggesting that I was against the comparisons between Israel and Nazi Germany. Indeed, I believe that from certain ideological perspective, Israel is actually far worse than Nazi Germany, for unlike Nazi Germany, Israel is a democracy and that implies that Israeli citizens are complicit in Israeli atrocities. I believe that solidarity with Palestine becomes a more meaningful event once we are brave enough to stand for the truth. Rather than fit ourselves into any given consensus or discourse, our duty is to present an alternative reality, whilst aiming at ethics and beauty. For Justice to prevail, truth must be told.