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: wrh
UK will miss carbon emissions targets ‘unless government takes urgent action’
Translation: screw more money out of the taxpayer WRH permalink
Sen. Kerry in Israel: Praise for Israel, Worried over Iran
The senator’s visit is viewed as a warm-up for Prime Minister Binyamin Netanyahu’s upcoming visit to the White House next month, one week after King Abdullah of Saudi Arabia will travel to Washington. WRH permalink
Afghan forces must show progress ‘within five years’: G8
Afghan government forces must make concrete progress towards assuming more responsibility for the security of their country “within five years”, the G8 group of nations said Saturday. A summit statement from the leaders of the world’s major industrialized nations called on Kabul to “expand the capacity of the Afghan National Security Forces to assume increasing responsibility for security within five years.” WRH permalink
