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
TD Newcrest
Taseko Mines (Amex:TGB) Battered on Prosperity Copper, Gold Mine Decision
Taseko Mines (Amex:TGB) was dealt a devastating blow no matter how it is spun, as the Office of the Minister of the Environment rejected the Prosperity Copper and Gold Mine, leaving Taseko and its shareholders with nothing for the effort.Cannacord Genuity and TD Newcrest didn’t take long to downgrade the mining company. Cannacord downgraded them from “Buy” to “Hold,” while TD Newcrest lowered
