Oil, Precious and Base Metals?

Surging Oil and Surging Precious and Base Metals?
With the right combination of various political and economical conditions, commodities prices like Oil, base metals, and precious metals surge.
-demand from China
-crisis in Europe
-political power struggle between Iran and a few countries

Base and Precious Metals
From Kitco News:

• Barclays Capital says its leading indicators for base metals demand point to a sharp pick-up in demand momentum toward the end of first quarter and into the second quarter.
• All of the precious metals and most base metals are higher early Monday, with global markets to be quieter than normal for the rest of the day with the U.S. observing a holiday. “A Chinese RRR (reserve requirement ratio) cut over the weekend has helped the base metals to rally overnight,” says Standard Bank...“Confidence that eurozone finance ministers will give the go-ahead for Greece’s second bailout at a meeting this evening has kept the dollar at bay, allowing precious metals room to push higher this morning,” Standard says. Further, the People’s Bank of China move on the reserve ratio “helped lift the mood on the promise of growing liquidity,” Standard says. Spot gold was $10.45 higher at $1,733.45, spot silver was up 27.4 cents to $33.482, and platinum and palladium were also stronger. 
• Investor and newsletter writer Dennis Gartman looks for the world’s central banks to collectively remain buyers of gold, describing the yellow metal as a “currency” competing for “space” on the balance sheets of the world’s reserve banks...Gartman says. The debt of the U.S., Canada, Australia and New Zealand might be more likely to be paid in full but would earn less. The bottom line has been a trend by central banks out of euros into gold in recent years, he says. “They are choosing gold and their choice has been rewarded,”

Oil
NEW YORK (MarketWatch) — Oil prices on Monday jumped to a nine-month high above $105 a barrel after Iran said it halted shipments to Britain and France, the latest move in the dispute over Iran’s nuclear program.

Thanks
Lawrence Tsang