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
Black Fox Mine
Apollo Gold (TSE:APG) (AMEX:AGT) Starts Black Fox Mine Work
Apollo Gold (TSE:APG) (AMEX:AGT) has launched construction at its Black Fox Mine near Timmin, in preparation for mining underground ore, scheduled to start sometime in the third quarter of 2010.Already completed at the projects are the electrical and engineering design work, along with the concrete foundations built for surface facilities, including the ventilation raise bore pad.On order are