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 April, 2010
Hemispheres Inflight Magazine » Heavy Metal
But a host of factors—such as low reserves, rising production costs and even politics—can negatively impact the stock price even when gold itself is going up. GOLD BULLION . A number of companies, such as Bullion Vault and Gold Money, …
Why Gold & Silver? The Bullion Movie – Mike Maloney (Trailer …
I wanna get physical, leave the stocks alone my friend… hinch777 says: May 1, 2010 at 12:56 am. What gold and … What gold and silver mining stocks should I be in right now..???? Or do I strictly stay in physical bullion ??? uhf21 says: …
Silver Alert to assist searches for Maine seniors
AUGUSTA — The widow of a 77-year-old man who disappeared from his home and was later found dead in a remote part of Maine a year ago said Thursday she was “ecstatic” a law has been passed that could prevent similar tragedies in the future. Silver Alert to assist searches for Maine seniors
KENT’S KOMMENTS: Silver Anniversary – Clarinda Baseball League celebrates 25 years of fantasy baseball excitement
Where were you when the ground ball by Mookie Wilson went through the legs of Bill Buckner to give the New York Mets a victory in Game 6 of the 1986 World Series? KENT’S KOMMENTS: Silver Anniversary – Clarinda Baseball League celebrates 25 years of fantasy baseball excitement
Fed’s Guynn Warned in 2004 Low Rates May Fuel Price Surge
The president of the Federal ReserveBank of Atlanta told fellow policy makers in 2004 that thecentral bank’s low interest rates may be contributing to surginghome prices, according to transcripts of their meetings. “The substantial run-up in house p Fed’s Guynn Warned in 2004 Low Rates May Fuel Price Surge
Boost in US Consumer Spending Broadens Sustains Expansion
Consumer spending grew at the fastestpace in three years during the first quarter, a sign that thelargest part of the economy is gaining speed while becoming lessdependent on government stimulus. Household purchases rose at a 3.6 percent pace from J Boost in US Consumer Spending Broadens Sustains Expansion
Google’s AdMob Purchase Said to Be Opposed by US FTC Staff
The U.S. Federal Trade Commissionstaff is urging the filing of an antitrust suit challengingGoogle Inc.’s $750 million acquisition of AdMob Inc., accordingto three people familiar with the matter. It will be up to the five-member commission to decid Google’s AdMob Purchase Said to Be Opposed by US FTC Staff
Gold Bullion Development Updated Chart « BullMarketRun
Gold Bullion Development (GBB, TSX-V) enjoyed a strong day today, closing up 2 pennies to 40 cents on nearly 2 million shares. The stock was up 2 cents for the week and has traded a whopping 20 million shares over the last 6 sessions …
NASA Satellite Tracking the Gulf Oil Spill
From NASA news: See inset view below. On April 29, the MODIS image on the Terra satellite captured a wide-view natural-color image of the oil slick (outlined in white) just off the Louisiana coast. The oil slick appears as dull … Continue reading →
Lloyd Blankfein, Vampire at Large
When historians look back on this time of the most pervasive corruptions at all levels of society, one name will stand as the icon above all the rest. That name will be Goldman Sachs. Lloyd Blankfein’s comment about doing God’s work will also be remembered as the ultimate in hubris and sheer naked, panting greed. Like the proverbial goat, which pisses all over himself in the runaway excitement of pending coitus, Lloyd will be a karmic bookmark and the face of his times; a man without shame. Lloyd is the bridegroom at the marriage of The Whore of Babylon. WRH permalink
EURUSD Weekly Summary (May 01)
EURUSD Weekly Summary The EURUSD was indecisive this week. Price attempted to push lower, bottomed at 1.3115 on Wednesday but made a nice recovery and closed higher at 1.3312 on Friday. It’s clear for me that the recovery was triggered by hope on Greece debt problem solution (again). Although many traders and analysts don’t believe that EU and IMF rescue plan for Greek can really work as it is so far proved just an empty rhetoric, the fact that the Euro was able to recover shows that further upside recovery could continue, at least in the nearest future. However, of course, the long term view should remain bearish as Euro zone problems are not only in Greek but also in Spain and Portugal. If EU and IMF don’t give something real and keep making empty promises they will lost credibility and that could be a much bigger problem which could bring Euro down significantly. On technical point of view, The pair is making a minor bullish channel since recover from 1.3115 level. We have seen some bullish minor channels during the major bearish trend and they were violated one by one before making new lows. For the incoming week, the 1.3267 level remains a key level. Break below that level and violation to the newest minor bullish channel could continue the bearish scenario re-testing 1.3115. Break below 1.3115/00 area could open the door for further bearish outlook towards 1.2880 in longer term point of view. On the upside, the recovery from 1.3115 could test 1.3450 area especially if price able to move convincingly above 1.3267 – 1.3330 area. Break above 1.3450 area could trigger further recovery testing the upper line of the major bearish channel and 1.3600 region. Have a great weekend and see you guys next week.
