Mickey Fulp, the Mercenary Geologist, joins us for a review of how different markets performed during the month of January 2012. If the old saw, “As January goes, so goes the year,” holds true, then 2012 could be one for the record books. Platinum was up 20 percent, Gold 10 percent, and Silver 18 percent. These are huge numbers that could be an indication of things to come or might prove to be a false indicator. The big loser for the month was natural gas down 20 percent! Warm winters in the Northeast, supply gluts, and new technology have made natural gas a perennial dud. But just like sugar, silver, and gold, remember that every dog has its day. And with oil staying up in the $100 per barrel range, it could be sooner rather than later. Time will tell, but Mickey always calls them the way he sees them.
The great news is Mickey’s Market Wrap-Up will become a monthly feature at FSN, and few people are as qualified to give the opinion as the Mercenary Geologist himself.
Please send your questions/comments to KL@KerryLutz.com or call us at 347-460-LUTZ.