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 January, 2010
GBP-JPY analysis 31-1-2010 – Forex
Daily Pivots: (S1) 143.52; (P) 144.87; (R1) 145.58; More GBP/JPY’s break of 143.62 support today indicates that whole fall from 150.68 is resuming.Intraday bias remains on the downside as long as 144.92 minor resistance holds.Further fall should be GBP-JPY analysis 31-1-2010 – Forex
DP World May List A$1 Billion Australian Unit Review Says
DP World Ltd. may consider spinningoff its Australian assets into a new company and selling A$1billion ($884 million) of shares to list it on the stockexchange, the Australian Financial Review reported, withoutsaying where it got the information. Th DP World May List A$1 Billion Australian Unit Review Says
Morgan Stanley says to hire several hundred traders report
LONDON Morgan Stanley Morgan Stanley says to hire several hundred traders report
UK: [PM] Brown goes into battle with billions for defence
Gordon Brown will put two new aircraft carriers at the heart of his vision for the military this week as he commits Labour to billions of pounds of extra defence spending. At the same time, defence chiefs are exploring how closer military links with France and the potential benefits of an entente cordiale could tackle future dangers with limited resources. The Prime Minister will use the launch of a Green Paper on the future of the Armed Forces to promise a new generation of warships and fast jets over the coming decade. He will also guarantee an extra £1.5 billion… Original Article: Forum: News/Activism
January death rate signal of tough year in Afghan war
The Afghan war has notched up another grisly record, with the number of international troops to die in the fight against the Taliban the highest for the month of January since the war began. With tens of thousands more international troops being deployed to Afghanistan this year, analysts and officials are warning the deaths of 44 foreign soldiers in January is a sign of things to come. The record death toll comes as the Kabul government and its international partners shift the war's emphasis from battleground to development, and start focusing on attempts to convince Taliban infantry to lay down… Original Article: Forum: News/Activism
Outlook for the S&P/ASX 200
This year, the Australian market is unlikely to log the same stellar gains it did in 2009, say Glenn Rosewall, CEO & MD at BBY and David Shearwood, CEO of Atom Funds Management. They assess the risks the market will face in 2010, with CNBC’s Oriel M Outlook for the S&P/ASX 200
English sparkling wine beats French champagne to top title
Nyetimber's Classic Cuvée 2003 which is made in Sussex was crowned Champion of Worldwide Sparkling Wines in the competition run by Italy's wine magazine Euposia. Now in its second year, the competition Bollicine del Mondo attracts sparkling wines from around the world. The wines are tasted blind by a panel of judges including winemakers. The Nyetimber wine, made from Chardonnay, Pinot Noir and Pinot Meunier grapes, is described as having aromas of mandarins, vanilla and lemons as well as shortbread and light apricot with biscuity notes playing a supporting role. Camel Valley's Pinot Noir Brut, which is made in Bodmin,… Original Article: Forum: News/Activism
Philippines-Market factors to watch – Feb 1
MANILA, Feb 1 – Here are news stories and press reports which may influence local financial markets on Monday. WHAT IS HAPPENING TODAY IN THE PHILIPPINES, ALL TIMES LOCAL FOLLOWED BY GMT – Philippines opens two-day workshop on Nuclear Non-Prol Philippines-Market factors to watch – Feb 1
Peets to extend tender offer for Diedrich -source
By Anupreeta Das NEW YORK, Jan 31 – Peet’s Coffee&Tea Inc plans to announce on Monday it will extend its tender offer for shares of Diedrich Coffee Inc by 30 days, a person with knowledge of the situation said, signaling its anticipation that regu Peets to extend tender offer for Diedrich -source
Diana is adamant: Don’t bring 9/11 trial to Orange County
GOSHEN It's not safe, it's not a tourism opportunity and it's not for Orange County. That's Orange County Executive Ed Diana's assessment of rumored plans to hold the trials of accused 9/11 terror suspects in Orange. Diana called a news conference Friday with Sheriff Carl Dubois and a cadre of state and county officials. He said they'll do everything legally possible to keep the trials away. “If that's closing roads, if that's suing the federal government, I will do that,” Diana said. He broke from Newburgh Mayor Nicholas Valentine, who said the trials could bring needed money and exposure…. Original Article: Forum: News/Activism
Better times not coming soon for Saudi firms-survey
RIYADH, Jan 31 – Improving economic conditions could take some time before they reflect on Saudi firms’ bottom line, according to a survey by Banque Saudi Fransi released on Sunday. Almost half of 824 surveyed firms expect inflation to rise in the Better times not coming soon for Saudi firms-survey