Mar 2, 2012
Mickey Fulp, the Mercenary Geologist, took time out today to review a number of stock and commodity indexes and their relative performances for the entire month of February 2012. While gold was down slightly, most other markets performed well. No doubt the ever increasing supply of fresh fiat currency has been feeding the rally. Even with the world wide economic slow down, the demand for commodities has held steady around the world.
Natural Gas took it on the chin, while the flaming oil rally eased off in the last couple of days. Due to Iranian tensions and Middle East uncertainties, rumors of oil at $150 per barrel could certainly put a damper on the world financial markets. However, at the present time, it’s full steam ahead. Eventually, all parties end. This one will too, but while it’s going on, you should make the most of it. Don’t forget platinum’s price is getting very close to gold’s and all things considered, it will probably pass it shortly.
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