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: increased-its
Alamos (TSE:AGI) Increases Semi-annual Dividend
Alamos Gold (TSE:AGI) increased its semi-annual dividend again, bumping it up by 17 percent. In April the company declared a dividend of 3 cents a share, and it was increased to 3.5 cents a share now. CFO John Morda said in a statement, “This dividend increase reflects our balance sheet strength, increased realised gold sale prices, and our continued ability to generate strong cash flows from
Stone Maintains OUTPERFORM on Suntech (NYSE:STP)
June 3, 2010 – Analyst Comments – Cowen’s Rob Stone weighed in on Suntech’s (NYSE:STP) Q110 financial results this morning, maintaining an OUTPERFORM rating on the stock, noting that, at 1.1x book, he thinks the risk/reward on a 12-month basis looks favorable. Financial ResultsSuntech reported Q110 revenues of $588 million, compared to $583.6 million for Q409 and $315.6 million for Q109, with gross margin of 19.4%, 23.7% and 17.8%, respectively. Net income for Q110 came in at $20.7 million, or $0.11 per diluted share, compared to net income of $44 million for Q409 and $1.7 million for Q109. From an operational perspective, total shipments were up 11% sequentially and 182% Y/Y. In terms of guidance, management expects single digit percentage growth in shipments in Q210, with consolidate GM in the high teens. It increased its FY10 shipment target to more than 1.3GW from 1.25GW, and said it is on track to expand cell production capacity to 1.4GW by the end of Q210 (450MW will be Pluto-enabled). Key Takeaways · Sees potential EPS downside from FX loss · Expects some late-year erosion on shipments in anticipation of 2011 FIT cuts · Thinks successful ramp of Pluto could drive improved GM next year
European Investment Bank lending soars to $107b
The European Investment Bank says it increased its lending by 37 percent in 2009 from the previous year. The development bank says its loans jumped to a record euro79 billion ($107 billion) from euro58 billion in 2008. The EIB focused financing on s European Investment Bank lending soars to $107b
Toromont raises offer for Enerflex
Jan 7 – Canada’s Toromont Industries Ltd said it raised its offer to acquire Enerflex and that the revised offer had the support of Enerflex’s board. Toromont, which had increased its offer to C$14.25 per unit, or $631 million in December, said i Toromont raises offer for Enerflex
Toromont raises offer for Enerflex
Jan 7 – Canada’s Toromont Industries Ltd said it raised its offer to acquire Enerflex and that the revised offer had the support of Enerflex’s board. Toromont, which had increased its offer to C$14.25 per unit, or $631 million in December, said i Toromont raises offer for Enerflex
USD Mixed BOE Increases Asset Purchases by £25bln 5-11-2009
USD Mixed, BOE Increases Asset Purchases by £25bln FX Highlights The USD is trading lower pressured by the Fed’s decision Wednesday to maintain low yields for an extended period, GBP supported by a report that the BOE increased its …
Washington Post Co. says newspaper cost cuts help it achieve a 69 percent jump in 3Q profit
Cost cuts lead Washington Post to big profit jump NEW YORK — The Washington Post Co. increased its profit 69 percent in the third quarter, as the company cut costs to narrow losses in its newspaper division and kept business steady at its cable TV and education divisions. The company, which owns Newsweek magazine, Kaplan education services
