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
Crew Gold
Severstal Says Crew Gold (TSE:CRU) Shares Too High for Tender Offer
Severstal drops bid for Crew Gold sharesSeverstal (CHMF.MM) said it is no longer interested in making a tender offer for Crew Gold (TSE:CRU), which had wanted to buy a controlling stake in the company.Endeavour Bank (TSE:EDV) started acquiring shares in Crew Gold, and now owns about 43 percent of the shares, and has 3 of its people on the board of Crew Gold.Severstal said the price of Crew Gold