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 February, 2010
Supreme Court puts expiration date on ‘right to remain silent’
(FEDERALJACK) The justices rule that a suspect who invokes that protection can be questioned again after 14 days. READ THE FULL ARTICLE HERE
What the PBoC cannot do with its reserves(treasury dumping,forex reserve,stimulus)
What the PBoC cannot do with its reserves February 22nd, 2010 by Michael Pettis It is a real toss-up as to which generates more bizarre comment in the international press: Beijing’s long-feared dumping of US Treasuries, or the use and value of the PBoC’s central bank reserves. The revelation last week that Chinese holdings of US Treasury obligations fell in December by $34.2 billion, to $755.4 billion, generated a frisson of fear and excitement, leading one prominent newspaper to worry that “If there is one thing that gets investors twitchy, it is the fear that China is losing its appetite… Original Article: Forum: News/Activism
Anderson Cooper Said to Meet With CBS News Executives [Replacing Katie Couric?]
March 1, 2010 Anderson Cooper Said to Meet With CBS News Executives By BRIAN STELTER Do CBS News executives have their sights set on Anderson Cooper? Mr. Cooper, a prime time CNN anchor, already contributes to “60 Minutes,” the prestigious CBS newsmagazine. And the relationship could expand. Monday’s New York Times reports: CBS executives, mindful that Katie Couric’s contract expires in a little over a year, have talked to Anderson Cooper of CNN about an anchor job, according to two TV veterans informed of the meeting. The meeting took place months ago, well before Mr. Cooper was dispatched to cover… Original Article: Forum: News/Activism
Chile troops impose curfew in quake-stricken towns
A night-time curfew went into effect in the Maule region and the heavily damaged town of Concepcion, where hundreds of looters ransacked stores for food and other goods. Looting also broke out in parts of the capital, Santiago. Original Article: Forum: News/Activism
Clackamas County OR man exercises free speech rights by giving cops the finger
When Robert J. Ekas decided to exercise his right to free speech, he didn't open his mouth. He hoisted his middle finger. His single-digit protests, aimed at Clackamas County sheriff's deputies last year, resulted in a verbal showdowns, traffic tickets and, ultimately, a federal lawsuit. Giving a police officer the finger may be a rude and ill-advised gesture, but it is not against the law, legal experts say. “The U.S. Supreme Court has consistently held that speech may not be prohibited simply because some may find it offensive,” said Ira P. Robbins, a law professor from American University in Washington,… Original Article: Forum: News/Activism
Report of Gunman At OCCC Was ‘Miscommunication,’ School Official Says
OKLAHOMA CITY – A miscommunication about a school shooting in Washington led to the lock down and evacuation of Oklahoma City Community College. There were reports of people hearing a shot being fired. A police spokesman said that gunshot came from a campus security guard who accidentally discharged his weapon while responding to the initial report of a gunman. Original Article: Forum: News/Activism
The Bloom Box Is No Holy Grail, Not Even Close
By Chris Nelder of GreenChipStocks.com (reprinted with permission)Get your Free Cleantech Report Today! Judging by the excitement around the unveiling of the Bloom Box, you’d think it was the Second Coming. The green blogs fell all …
Pickens (CLNE) Expects Natural Gas Act To Be Passed By Memorial Day
T. Boone Pickens told the Houston Chronicle yesterday that he expects Congress to pass the Natural Gas Act by Memorial Day. If it’s passed, the act would greatly increase the use of natural gas as …
Big Insider Selling At First Solar (FSLR) Cree Inc (CREE)
First Solar (FSLR) and Cree Inc (CREE) are two stocks moving in opposite directions, but they have one thing in common – the Chairman of both companies, Michael Ahearn at FSLR and Chuck Swoboda at …
China Solar Stocks Green On Deutsche Bullish Call, GT Solar (SOLR) Order
China solar stocks have been crushed over the past month, but today are green on a day when the market is down significantly. This is the kind of relative strength that indicates that perhaps they …
