The market for fertilizers should be coming back soon

Developing phosphate interests in the Georgina Basin, Queensland, Australia

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Phosphate King

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The market for fertilizers should be coming back soon

posted on May 28, 2010 01:29PM

It is encouraging to watch the strength in the price of Gold as an indicator of the future price of other commodities, like fertilizer / phosphate.

Gold has been rallying and remains strong at $1,200 per oz. From many years of observations, I believe that other commodities and especially fertilizer related products will follow suit very shortly.

With a little luck, the strengthening of the commodities markets and a positive announcement related to China will bump the share price of Legend back to where it belongs, ABOVE $2.00 !!!

Time will tell, but in the mean time I remain Long & Strong LGDI.

Good Luck to all!

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