Good afternoon Andrew,
U.S. markets surged today in response to Europe mapping a plan to leverage a regional rescue fund, and on evidence that holiday retail sales have gotten off to a record start.....Please see this morning's upsdate for specifics.....The surge in investor sentiment traversed the globe from Asia to New York....As the New York session comes to a close we find Silver up $1.08 per ounce at $32.24.....Gold surged $30.00 to end at $1711.00.....Palladium rose $18.00 to $586.00.....Platinum closed at $1549.00 up $13.00.......Trading was active ......Metals got a boost from a weaker U.S. Dollar, and on new found economic hopes for the Eurozone ....However; everyone must keep in mind that any agreed upon plan is a far cry from its implementation or success....Regardless; the Euro currency reflected those new hopes and remains solidly higher at $1.3332 up 1.03 cents against the Greenback....Meanwhile; Crude Oil is $1.36 per barrel higher at $98.13.....As for the stock market; we got a major knee jerk rally after eight or so back to back days of losses.....The Dow is currently up 311 points....Wow!....In other matters, and forgetting Europe for a moment; traders will be bracing for this week's barrage of U.S. economic data which spans Consumer Confidence, the ADP Private Employment Survey, the Fed Beige Book, ISM Manufacturing, and the all important U.S. Non Farm Payroll Report.... That's a whole lot of data for traders to wrap their heads around above and beyond the ongoing Eurozone mess....That's it.....Have a good afternoon....
Peter R.....Southern Trust Metals, Inc.
Toll free 1-877-448-0080
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