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
Tanzania
Freedom and Opportunity Await Those with the Courage to Leave the U.S.
Freedom, independence, and awareness are undoubtedly in decline in the western world, particularly the U.S. In the last 10-days, Homeland Security has started seizing Internet domains from ‘rogue’ webmasters, and TSA has begun labeling dissenters of its new security procedures as domestic extremists. It’s as if the government’s actions are being ripped from Atlas Shrugged and 1984 … and yet the trend, at least for now, is still more government control, fake security, and reduced freedom. I recently sent you a controversial article about the nature of patriotism . In the article I suggested that when you find yourself increasingly isolated from your country’s declining values, it’s probably time to pack up and head somewhere else. Many people found this idea to be cowardly and weak. Obviously I believe the opposite to be true. One of the most difficult things you could ever do is pack up your life, leave everything familiar, and head to a new world full of uncertainty. Just about everyone reading this had ancestors who did just that. These were not cowards, they were pioneers; they were trading tyranny for opportunity, heading to a land full of bright prospects where they could carve out a life accountable for their own …
Agnico-Eagle (NYSE:AEM), Colossus Minerals (TSE:CSI), Tanzanian Royalty Exploration (AMEX:TRE) Mixed as Gold Struggles for Positive Territory
Spot gold prices have moved in and out of positive territory today, generating a mixed bag of results for miners, including Agnico-Eagle (NYSE:AEM), Colossus Minerals (TSE:CSI) and Tanzanian Royalty Exploration (AMEX:TRE). Of the three, Colossus Minerals is the only one in negative territory, dropping to $6.73, a fall of $0.25, or 3.58 percent, as of 2:00 PM EDT. Volume was heading to its 3-
