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
Archive for November, 2009
Yen Drops Most in 7 Weeks on BOJ Meeting Helping Stocks Rally
The yen fell the most in seven weeksagainst the dollar and Japanese stocks rallied after the centralbank announced an emergency policy meeting today, spurringspeculation it will seek to limit the currency’s gains. The yen dropped 1.1 percent to 87.3 Yen Drops Most in 7 Weeks on BOJ Meeting Helping Stocks Rally
Somaxon Pharma On Vigil
With the FDA decision date of December 4 looming for Somaxon Pharmaceuticals Inc. (SOMX)’s amended New Drug Application for Silenor for treatment of insomnia, the stock set a new intraday high of $4.80 for the year Monday before settling down at $3. Somaxon Pharma On Vigil
Nintendo Wii Console US Sales Tumble During Thanksgiving Week
Nintendo Co.’s U.S. sales of itsflagship Wii console during Thanksgiving week tumbled after a 20percent price reduction for the player failed to spur demand. The company sold more than 550,000 Wii players in the weekended Nov. 28, the world’s larges Nintendo Wii Console US Sales Tumble During Thanksgiving Week
Geely taps China banks to back Volvo deal sources
At least three major Chinese banks including Bank of China, China Construction Bank and Export-Import Bank of China have agreed to offer loans to Zhejiang Geely Holding Group, said the banking sources briefed on the plan. Export-Import Bank of China Geely taps China banks to back Volvo deal sources
FormCap Corp. (FMRC.PK) is “One to Watchâ€
FormCap Corp. is an emerging oil & gas exploration and development company. With a primary focus on the discovery and development of oil in the Continental United States, the company has assembled 4,800 acres of oil and gas mineral leases, together called the Weber City Prospect, located in Curry County, New Mexico. The Weber City
Mechanical fault forces Kevin Rudd’s plane back to Washington
PRIME Minister Kevin Rudd's private jet has been forced back to the US because of a mechanical fault. “Due to a minor mechanical fault, the prime minister's RAAF plane has returned to Washington,” a spokesman for Mr Rudd said. “The Prime Minister will (stay) overnight in Washington, his return to Australia has been delayed.” Original Article: Forum: News/Activism
PGCX, RBTI, PSFT, DrStockPick.com Watch List! for Tuesday Dec 1st, 2009, PanGenex Corporation, Red Branch Technologies Inc. and Powersafe Technology…
Dr Stock Pick HOT News & Alerts! _________________________________________ FREE Daily Stock Alerts From DrStockPick.com _________________________________________ DrStockPick.com Watch List! My Picks for Tuesday Dec 1st, 2009 are: ************************************************************** PGCX, PanGenex Corporation, PGCX.PK PGCX pursues business opportunities in the $70 billion dollar nutraceutical and dietary supplement industry. With a focus on the cardiovascular health segment, PanGenex develops and markets sector-leading, patented or patent pending, condition-specific
Nikkei turns positive ahead of extra BOJ meeting
TOKYO, Dec 1 – Japan’s Nikkei average turned positive to rise 0.4 percent on Tuesday after the Bank of Japan said it would hold an extraordinary policy meeting, sparking speculation it might take steps to support the economy. Some exporters such a Nikkei turns positive ahead of extra BOJ meeting
European Climate Exchange chief Patrick Birley defends the carbon trading system
“Why should it be different as a commodity to the way people trade oil or gas?” As the man in charge of the world's biggest exchange for companies, banks and hedge funds to trade permits to emit carbon dioxide, Birley is fed up with the environmentalists' charge that dirty capitalists should not profit from the global effort to tackle climate change. Ahead of the Copenhagen summit next week, campaigners such as Friends of the Earth have argued that the entire system is so flawed it may need to be demolished in favour of a straightforward tax on polluters. Firstly, they… Original Article: Forum: News/Activism
Environment Agency to propose individual carbon ration cards
The Environment Agency will argue today that carbon rationing is the fairest and most effective way for the UK to meet its legally binding targets to cut greenhouse gas emissions. The Agency’s chairman, Lord Smith, will propose at the organisation's annual conference in London that every citizen be provided with a “carbon account” and unique number that they submit when buying carbon-intensive items such as petrol, electricity or airline tickets. Individuals would then periodically receive statements that show the carbon impact of each purchase and how much of their annual ration has been used up. If they exceeded this ration,… Original Article: Forum: News/Activism
Furious investors warn troubled Dubai it will ‘never raise a penny again’
Furious bondholders have arranged emergency talks with Dubai officials this week in an effort to get some clarity on the financial health of the state-owned company Dubai World, which caused widespread panic on world markets last week when it asked creditors for a six-month standstill on debt repayments. A conference call has been organised by the New York-based hedge fund QVT Financial, after an attempt last week was abandoned when the telephone system collapsed under the weight of calls. Investors are angry that the announcement was made at the start of the Islamic Eid and US Thanksgiving holidays, leaving them… Original Article: Forum: News/Activism
Save the SEALs: A serious nation doesn’t prosecute its heroes
The fact that this case has come this far shows an astonishing lack of perspective. While these three patriotic young men stand before a military judge to answer a terrorist complaint about an alleged thrown punch, CIA- and Air Force-operated drone aircraft rain hellfire missiles on terror suspects, killing them and anyone who happens to be nearby, whether or not they have the right target. Fighting a war is dirty business. As George Orwell is reputed to have said, “we sleep soundly in our beds because rough men stand ready in the night to visit violence on those who would… Original Article: Forum: News/Activism
