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
Minsur
Minsur (MINi.LM) to Produce Gold at Pucamarca Mine
The largest tin miner in Peru, Minsur (MINi.LM), announced it will start producing gold in 2010 at its Pucamarca mine. Expectations are gold production will start sometime in the last quarter of 2010. Projections are the mine should produce about 70,000 ounces of gold on an annual basis. Minsur also operates one of the largest tin mines in the world, San Rafael.