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
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Pfizer Taps Ian C. Read as New CEO (PFE)
Pharmaceutical giant Pfizer Inc. ( PFE ) on Monday in a surprise announcement said it has named Ian C. Read as its new CEO. Mr. Read, 57, currently heads up the company’s global biopharmaceutical operations. He succeeds previous CEO Jeffrey B. Kindler, who has now retired from the Company. Departing CEO Jeffrey Kindler commented, “My nearly nine years at Pfizer and, particularly the last four and a half as CEO, have been extremely exciting and rewarding. I feel our team can proudly boast of some transformational accomplishments. However, the combination of meeting the requirements of our many stakeholders around the world and the 24/7 nature of my responsibilities, has made this period extremely demanding on me personally.” Pfizer shares were mostly flat in premarket trading Monday. The Bottom Line Shares of Pfizer ( PFE ) have a 4.31% dividend yield, based on Friday’s closing stock price of $16.72. The stock has technical support in the $15 price area. If the shares can firm up, we see overhead resistance around the $18-$19 price levels. Pfizer Inc. ( PFE ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .
Amazon (Nasdaq:AMZN) Soars on Citigroup (NYSE:C) Price Target, "Buy" Rating
Amazon.com (Nasdaq:AMZN) is soaring today in anticipation of a big Christmas season and the reiteration by Citigroup (NYSE:C) analyst Mark Mahaney of a “Buy” rating on the online retailer. One of the major catalysts was the “Hot 20 toys” survey which included Amazon and major competitors Wal-Mart (NYSE:WMT) and Target (NYSE:TGT). Findings were when shipping was included for the hottest toys,
