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
Cowal Gold Mine
Barrick Gold (NYSE:ABX) Gets NSW Expansion Approval
Filed in Barrick Gold, Cowal Gold Mine, Gold, Gold Mining Company, Gold Prices, silver, Uncategorized
by admin
on March 17, 2010
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Barrick Gold (NYSE:ABX) received conditional approval for the expansion of its NSW gold mine. Under the original request, Barrick had looked to expand its Cowal Gold Mine by doubling its size, along with the life of the mine. That resulted in legal action which leads the conditions included with the expansion, which have now been modified some. Most concerns were over three affect farms, which
