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: sins
Pope: Church’s own sins to blame in sex scandal
In his most thorough admission of the church’s guilt in the clerical sex abuse scandal, Pope Benedict XVI said Tuesday the greatest persecution of the institution “is born from the sins within the church,” and not from a campaign by outsiders. The pontiff said the Catholic church has always been tormented by problems of its own making — a tendency that is being witnessed today “in a truly terrifying way.” “The church needs to profoundly relearn penitence, accept purification, learn forgiveness but also justice,” he said. “Forgiveness cannot substitute justice,” he said. WRH permalink
Kosher fried chicken
Every year, devout Jews around the world engage in an age-old ritual called kapparot, in which an individual swings a chicken over his head imbuing it with his sins WRH permalink
