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: swiss
Swiss bank UBS sees profits rise
Swiss banking giant UBS has said it expects to report a net profit of 2.5bn Swiss francs ($2.4bn; £1.5bn) for the first three months of the year.The announcement came ahead of the bank’s official first-quarter results, due out early next month Swiss bank UBS sees profits rise
Tam Allies with Continental Airlines ā Analyst Blog
TAM S.A. ( TAM ) has recently signed a reciprocal frequent flyer program agreement with Continental Airlines ( CAL ), member of Star Alliance.Ā Ā Based on the agreement, the members of the TAM Fidelidade program will have the right to earn and redeem miles on flights operated by Continental Airlines and vice-versa.Ā Ā In order to become one of the members of Star Alliance, Tam continuously kept giving effort to get associated with other members by expanding its international operations. Ā During 2009, the company entered into a codeshare and integration agreement with British Airline BMI and Swiss Airline and a regional agreement with Uruguay Airline Pluna. Tam partnered with Air Canada and Austrian for loyalty programs and later in the year formed a codeshare agreement with Air China. All the above airlines were members of Star Alliance. Ā Becoming a member of Star Alliance can help increase passenger traffic as the company will get allied to various airlines in multiple countries. Increase in passenger traffic will in turn boost top-line results. Tam will also benefit from the decline in oil prices, which will help decrease operating cost of the company. Ā We are looking at 2010 as a modestly profitable year for the airline industry compared to 2009. Looking at the key earnings drivers, capacity is under tight control and growing very modestly. We believe that demand will recover, although not in a big way, but certainly better than a very weak 2009. Based on better balance between supply and demand, we also expect fares to go up. Ā However, we believe that the industry will take years to recover the losses incurred in 2008 and 2009. Thus, we
ETF DAILY NEWS Ā» ETF Securities Releases Results of Gold Bullion …
ETF Securities today released the results of the audit conducted by Inspectorate International Limited, one of the world’s leading independent inspection and testing organizations, of the bullion stock held on behalf of the ETFS Swiss …
Libya hails lifting of European visa ban as Swiss ‘defeat’
Tripoli said on Saturday that Switzerland had been defeated after the European Union announced it was lifting a ban on granting Schengen visas for Libyans. Switzerland was defeated by the common European position, Libya’s foreign ministry said i Libya hails lifting of European visa ban as Swiss ‘defeat’
Swiss stocks – Factors to watch on March 12
ZURICH, March 12 – The following are some of the main factors expected to affect Swiss stocks on Friday: ROCHE Roche announced today the topline results of a phase III study, known as CALGB 90401, which did not meet its primary objective of exte Swiss stocks – Factors to watch on March 12
Roche suspends arthritis treatment after deaths
By Katie Reid ZURICH, March 8 – Swiss drugmaker Roche Holding AG and U.S.-listed Biogen Idec are suspending rheumatoid arthritis and lupus treatment ocrelizumab after it caused deaths, casting doubt over the drug’s future. Roche and Biogen stoppe Roche suspends arthritis treatment after deaths
Austria to Restrict Consumer Carry Trades FT Deutschland Says
Austria’s FMA financial marketsupervisor will make it more difficult for consumers to borrowin foreign currencies such as Swiss franc and yen because thetransactions are too risky, the Financial Times Deutschlandnewspaper reported. One third of Aust Austria to Restrict Consumer Carry Trades FT Deutschland Says
Swiss stocks – Factors to watch on Feb 26
ZURICH, Feb 26 – The following are some of the main factors expected to affect Swiss stocks on Friday: NOVARTIS Novartis holds its annual general meeting on Friday. For related news click on OERLIKON Oerlikon said it expected to arrange fina Swiss stocks – Factors to watch on Feb 26
Prominent Investor: Pound Could Collapse Within Weeks
British currency is on the brink according to billionaire financier Steve Watson Infowars.net Thursday, Feb 25th, 2010 Billionaire financier Jim Rogers has predicted that the British Pound could completely collapse within weeks, sending shockwaves throughout the global economy and heralding the beginning of a downturn that would make the recent economic crisis look tame in comparison. āOther currencies arenāt strong and the Euro has real problems, with cracks much wider than Greece beginning to show,ā Rogers said. āBut itās the Pound thatās most vulnerable. In real terms, itās already devalued against virtually every currency barring the Zimbabwean dollar and itās especially exposed over the weeks running up to the UK election. In a basket of currencies, the Pound is potentially a basket case. And that will put Britain in an extremely bad position for the shakedown.ā āThe last few months have seen a āfalse bounceā, shorn up by massive short-term injections of government underwriting,ā Rogers, the former business partner of George Soros, said. āBut it canāt last. Weāve been applying temporary sticking plasters, not long-term cures. Later this year weāll see the start of the real recession, with more Lehman-scale disasters and a fallout which wonāt stop until the underlying malaise is genuinely cured.ā he added. Rogers was quoted in a press release ahead of a keynote appearance at next monthās Global Trading Day seminar in Westminster along with investment advisor Dr Marc Faber and British trader Vince Stanzione. The British economy is facing a “double dip” after January figures put the idea of a recovery firmly on the backburner. Rogers’ sentiments echo those of Swiss Bank UBS, which this week speculated that there could be a run on the pound if the government too aggressively tackles Britain’s huge deficit, projected to reach Ā£178bn this year. Last week, Sterling hit a nine month low against the dollar, falling to $1.05, and slumping beyond parity for the first time against the euro. An
Swiss consumption picks up industry cautious
By Katie Reid and Catherine Bosley ZURICH, Feb 23 – Swiss consumption is set to accelerate and spending growth is likely to reach levels last seen in 2008, the UBS consumption indicator showed, a fresh sign that the country’s economic recovery is Swiss consumption picks up industry cautious
Gold bullion vs. Gold Numismatics | Gold Video Blog
Craig R. Smith, CEO of Swiss America, discusses the price and value of gold bullion coins vs. gold numismatic coins on CNNfn’s The Money Gang-Jan. … i heard they were going to invest theyre money into gold because theyre value is so high and gold was always really high in price in stocks that if or when they do invest into goldā¦ the price of gold will skyrocket because chinas investment into it and you will see your stock increase by a ton. but im not a stock expert but …
