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
freepr
Freeport (NYSE:FCX), Barrick (NYSE:ABX), Goldcorp (NYSE:GG) Soar on Record Gold Prices
Filed in Barrick Gold, copper, Federal Reserve, freeport mcmoran, freepr, Gold, Gold Prices, Gold Prices Today, Goldcorp Inc, inflation hedge, miners, Quantitative Easing, silver, Todays Gold Prices
by admin
on November 4, 2010
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The expected response of the market to gold has come about, as gold prices reached all-time records again today, with major miners like Freeport-McMoRan Copper & Gold, (NYSE:FCX), Barrick Gold (NYSE:ABX) and Goldcorp (NYSE:GG) riding the wave with them.Gold prices today have risen to over $1,380 an ounce, and it looks like there will be another sustainable rather after the Fed announcement