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
deutsche-bank
Southern Copper (NYSE:SCCO) PT Bumped Up on Projected Copper Price Increase
Southern Copper (NYSE:SCCO) was given a big boost in its price target today from Deutsche Bank (NYSE:DB), citing expectations copper prices will continue to move up. Deutsche said, “We believe Southern Copper deserves to trade at a higher multiple than its peers given its high growth potential and high dividend payout policy.The firm notes, “Southern Copper (SCCO) is the world’s 6th largest
Kemet (NYSE:KEM) Margins Improve on Tantalum, Ceramic Segments
With their Tantalum and Ceramic margins operating at the highest levels in a decade, Deutsche Bank (NYSE:DB) launched coverage on Kemet (NYSE:KEM) with a “Buy” rating.Deutsche said, “The company is a turnaround story, with the Tantalum and Ceramic segments now operating at 10-year high margins, and more improvements to come in the F&E segment. Despite a strong position in tantalum capacitors and
Bank of America (NYSE:BAC), Deutsche Bank (NSYE:DB) Assets Seized in Italy
Assets of Bank of America (NYSE:BAC) and Deutsche Bank (NSYE:DB) have been seized in Italy in an investigation focusing Italian derivatives.The derivative probe entails six banks and included a seizure of about $29 million overall, with Bank of America having the most assets seized, amounting to 15 million euros.Also being investigated are UBS AG (NYSE:UBS), Banca Monte Paschi di Siena SpA,
Citigroup (NYSE:C) Still Deutsche’s (NYSE:DB) Top Pick in Sector
Among the large cap banking sector, Citigroup (NYSE:C) is still the top pick of Deutsche Bank (NYSE:DB), and even more so on the heals of the divestation of shares in the company by the Treasury. Deutsche Bank said it sees it “as a positive for Citi shares, as the US gov’t ownership has been at least somewhat of an overhang/concern for many investors and analysts this year,” referring to worries
Will Gold Rally to $1,500 per Ounce?
Filed under: Analyst Reports , Forecasts , Market Matters , Commodities , Recession Will gold rally to $1,500 per ounce? According to leading analysts, the answer is yes. Bloomberg News surveyed 29 analysts and their median number was $1,500 per ounce. Dan Brebner of Deustche Bank ( DB ) was the most accurate forecaster this year. His prediction is also for $1,500 per ounce. Continue reading Will Gold Rally to $1,500 per Ounce? Will Gold Rally to $1,500 per Ounce? originally appeared on BloggingStocks on Wed, 01 Sep 2010 10:40:00 EST. Please see our terms for use of feeds . Permalink | Email this | Comments
Freeport-McMoRan (NYSE:FCX) Earnings Estimates Lowered by Deutsche Bank (NYSE:DB)
Freeport-McMoRan Copper & Gold (NYSE:FCX) had its earnings estimates lowered today by Deutsche Bank (NYSE:DB) analysts, although the financial giant kept its “Hold” rating on them. The changed was based solely on the lack of support in copper prices which continue to go lower on shrinking demand and continued expectations that will be the case going forward. Deutsche Bank analysts said, “We now
