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
Brazil
Corn Surges on Short Supply
Filed under: International Markets , China , Brazil , Market Matters , Economic Data , Commodities , Agriculture March corn futures jumped 24.25 cents a bushel on Wednesday to $6.98. Corn contracts have risen 97% since June. You may be wondering why all this activity in the corn market in the middle of winter. The answer lies in a USDA report that said corn supplies are dangerously low. In fact, they are near the record low set 15 years ago. What that means is that the corn stocks we have must last until our harvest starts in mid summer. Of the 12.4 billion bushels harvested last fall, we will have only 675 million bushels by Aug 31.To add more fuel to the problem, this new report is 9% lower than the USDA”s January projection, as reported in the Wall Street Journal (subscription required). Continue reading Corn Surges on Short Supply Corn Surges on Short Supply originally appeared on BloggingStocks on Thu, 10 Feb 2011 17:50:00 EST. Please see our terms for use of feeds . Permalink | Email this | Comments
Brazil Approves Syngenta’s (NYSE:SYT) Triple Stack Corn
Syngenta (NYSE:SYT) announced they’ve received approval from Brazil for the company’s triple stack corn. The National Biosafety Committee in Brazil told Syngenta they could now plant its triple stack corn: Bt11 x MIR162 x GA21 in the country. The triple stack corn of Syngenta is a combination of tolerance to herbicides and resistance to insects, specifically the fall army worm, which is the
On South Africa’s wasted human capital
A post on Egypt’s population is coming up, I assure you all. The importance of the subject merits doing it right. For now Suffice it to say that Egypt’s key to the future of the regions of Nasser’s Three Circles, the Arab world, Africa, and wider Islam…
