Tag: silver-market

Silver Near a 31-Year High

Silver Near a 31-Year High

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

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Silver Surges to a New Two-Year High

Silver Surges to a New Two-Year High

Filed under: Major Movement , Market Matters , Commodities Silver has surged to $20.74, prices that haven’t been seen since 1980, according to the Wall Street Journal (subscription required). Let’s take a walk down memory lane. Around 1979, the Hunt brothers from Texas tried to corner the silver market by buying up and hoarding tons of physical silver. That period also saw inflation rising to 18%. The Federal Reserve under Paul Volcker raised short-term rates to the 18% level. Continue reading Silver Surges to a New Two-Year High Silver Surges to a New Two-Year High originally appeared on BloggingStocks on Fri, 17 Sep 2010 10:00:00 EST. Please see our terms for use of feeds . Permalink  |  Email this  |  Comments

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