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
Barrick IPO
Barrick Gold (TSE:ABX) Gets $887 Million in IPO
Barrick Gold IPO Results for Africa Barrick Gold While it was a little disappointing and on the low end of what they had hoped for, Barrick Gold (TSE:ABX) raised $887 million in their spinoff of their African buinsess named African Barrick Gold. Barrick was able to sell 101 million shares in the new company for 575 pence each. The high end of what they had hoped for would have brought them 650
Barrick Gold (NYSE:ABX) Prices African Barrick Spinoff
African Barrick IPO Barrick Gold (NYSE:ABX) announced it will sell shares in African Barrick Gold spinoff for $8.70 each or 5.75 British pounds. Barrick will sell approximately 101 million common shares in the offering, which at the above price will generate about $834 from the IPO. They will retain a 75 percent stake in African Barrick Gold. The reason for creating African Barrick was to get
