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
Sino Gold
Eldorado Gold (TSE:ELD) Net Income Down in 2009
Eldorado Gold ResultsEldorado Gold (TSE:ELD) generated net income of $102. million for the year, or 26 cents a share. That’s down significantly from teh $163.7 million generated in 2008, but that was mostly due to the sale of Sâo Bento.Sino Gold didn’t help the company in 2009 either, suffering a net loss of $3.3 million. For the most recent quarter, net income at the company grew to $33.3
