Tue, 3 July 2012
June was a volatile month. Everything was getting killed until the 29th, when boom, gold, silver, etc., all came roaring back to life. Mickey and I believe that the summer will provide much of the same in most markets, with little actually getting accomplished in the real world. People are far too busy planning vacations. going to the beach and just generally chilling out, to be fixated upon the value of the dollar, the price of gold or natural gas. Of course, the summer is always a great time to be a market manipulator, what with generally low volume and thinly traded markets. One of the biggest surprises in June was natural gas which traded up to $2.76. T. Boone Pickens, a very savvy investor and "Oil man", is predicting $115 oil and $3.75 natural gas by the end of 2012. At this point in the evolution or devolution of Western Civilization, nothing would surprise us.
Go to www.FinancialSurvivalNetwork.com for the latest info on the economy and precious metals markets.