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
Carl Barbier
Transocean (NYSE:RIG) Must Turn Over Records Says Barbier
Filed in BP, Carl Barbier, gulf of mexico, o, silver, transocean
by admin
on December 20, 2010
• 0 Comments
Transocean (NYSE:RIG) has been ordered by U.S. District Judge Carl Barbier to turn over safety records that encompass other rigs they had in the Gulf of Mexico at the time of the explosion of the Deepwater Horizon oil rig it had been leasing to BP (NYSE:BP).In the early part of November, Transocean, which had been resisting pressure to turn over the documents concerning other rigs in the region,
