The Mercenary Geologist, Mickey Fulp, joined us for our monthly market review and analysis. QE3 worked wonders for the US and Canadian stock markets. It’s amazing what a little money printing can do to make people feel more wealthy. We also saw a brisk increase in the metals markets with gold up and silver up quite nicely. Platinum was the all star performer, due largely to labor unrest and violence in South Africa. Uranium took a major hit, as more buyers switched to long term contracts. This was surprising in light of what appeared to be improving market dynamics. Finally, crude oil was down a bit, but nothing major. Natural gas is held its own, but long term supply in the States is still a negative price factor. Stay tuned, we’re about to start a quarterly market review.
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