Good afternoon Andrew,
Markets stayed buoyant today as the world maintains a reserved but optimistic reaction to the European Debt Summit ......In other words, markets are viewing the news as a glass half full, rather than half empty...Eurozone stock markets averaged gains of 2%........U.S. stocks according to the Dow are higher by 178 points or 1.4%.....In currency trading the Euro remains higher by 52/100ths of U.S. cent at $1.3374......Metals ended the New York session modestly higher as well.....Silver added 60 cents to close at $32.25.....Gold ended $6.00 higher at $1713.00.....Palladium finished at $687.00 up $10.00 per ounce....Platinum tacked on $19.00 at $1516.00.....Trading volume was moderate.....Meanwhile over in the energy markets the price of Crude sits at $98.68 up a modest 39 cents...We would have expected to see a stronger reaction in Oil and the Metals considering today's larger than expected jump in the Michigan Consumer Sentiment Index....It rose to 67.7, well above the estimate of 65.1....Hey; it's Friday and most traders are exhausted from this week's barrage of European news.....That's it....Have a great week-end.....I'll be back Monday morning with the latest.....Call for strategies. or to receive our latest informational package on precious metals investing.....
Peter R.....Southern Trust Metals, Inc.
Toll free 1-877-448-0080
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