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
Tag: acquisition
Bank of America (NYSE:BAC) Weighed Down by Countrywide Acquisition
Bank of America (NYSE:BAC) continues to be held back by their acquisition of Countrywide, which brought with it huge exposure to the home loan market. That has resulted in another quarterly loss for the financial giant, which lost $1.2 billion for the quarter.Bad home loans were by far the major loss for the bank in the reporting period. The loss was driven by a $2 billion writedown related to
DuPont to Buy Danisco for $6.3 Billion (DD)
Specialty chemicals giant DuPont Company ( DD ) on Monday said it has entered an agreement to buy Danish enzyme and good ingredients maker Danisco for a total of $6.3 billion. That price tag includes the assumption of $500 million in debt from Danisco. DuPont will pony up $5.8 billion in cash for the industrial biotechnology specialist. DuPont said it will finance the acquisition with around $3 billion in existing cash, with the remaining $2.8 billion financed with debt. The companies said they expect the transaction to be completed in the second quarter of this year. DuPont shares fell 75 cents, or 1.5%, in premarket trading Monday. The Bottom Line Shares of Dupont ( DD ) have a 3.30% dividend yield, based on Friday’s closing stock price of $49.76. The stock has technical support in the $44 price area. If the shares can firm up, we see overhead resistance around the $52-$53 price levels. DuPont Company ( DD ) 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 .
Magnum to Take Over NGAS Resources – Analyst Blog
Magnum Hunter Resources Corporation announced the acquisition of NGAS Resources for approximately $98 million in stock and debt.
New Bakken Acres in Hess Pie – Analyst Blog
Hess Corporation said yesterday, that the company has completed the acquisition of additional acreages in the Bakken oil shale play in North Dakota.
Hidden Cash
Liberty Acquisition (LIA) was formed with the intent of buying a business operation. As such, it is flush with cash. You wouldn’t know it by looking at stock screeners, however: both Yahoo and Google Finance show the company as having just $7 million …
Statoil Forms JV in South Texas – Analyst Blog
Statoil and Talisman Energy entered into a definitive agreement to form a 50/50 joint venture for the acquisition of additional acreages in Eagle Ford Shale play.
Converge Global Inc. (CVRG.PK) is “One to Watch”
Converge Global, Inc., a junior mining company, engages in the acquisition, exploration and development of mining properties in North America containing principally gold as well as other precious metals. Their strategy is to maximize shareholder value through aggressive acquisitions of exploration properties in politically stable and secure regions that maintain mining-friendly policies and administrations. The