Monday Afternoon Silver and Gold Wrap Up for 12/12/11...Peter R....Southern Trust Metals, Inc.

Good afternoon Andrew,

Most markets spent the trading day in negative territory as pessimism over Europe resumes, dismissing Friday's plan to unify the fiscal aspects of the European Union....Apparently; traders want a solution to the current debt problem, and they want it now!....Meanwhile; and adding to the negative sentiment; Fitch's rating service warned that the Euro-zone debt crisis would likely drag on well into 2012..... Currency traders dumped the Euro in favor of the U.S. Dollar....Metals and Oil sold off in reaction.....Crude sits at $98.12 down $1.29 per barrel.....Gold fell $49.00 to $1664.00....Silver slipped $1.15 to $31.10.....Palladium and Platinum each lost $27.00 to end at $660.00 and $1489.00 respectively....Trading volume was moderate....European stock markets closed with losses of 2-3%.......Domestically; the Dow remains lower by 218 points with about 2 hours left in the trading day....When we return tomorrow the U.S. economic calendar resumes with a fresh look at Retail Sales, and the Fed interest decision with the accompanying comments on the economy....I'll be back in the morning with the estimate of Retail Sales as well as a preview of the Fed decision....Until then; that's it.....Have a good afternoon.....
Peter R.....Southern Trust Metals, Inc
Toll free 1-877-448-0080

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