Good afternoon Andrew,
Metals ended the trading day mixed but stable as the Euro managed to edge back above the $1.30 level in a tight trading range.....With the European news wires taking a rest today; the Euro had little to react to.....Last on the Euro $1.3001 up 6/100ths of U.S. cent since yesterday's closing wrap up level....Metals ended with Silver recovering 38 cents to $29.30...Strong U.S. manufacturing results gave Silver a small lift......Gold remained under residual technical selling pressure, but ended the session well above the lows....Last trade $1577.00 off $8.00......Palladium edged up $4.00 to $627.00....Platinum closed $18.00 lower at $1413.00....Trading volume abated from the heavy Wednesday levels.....Meanwhile Oil remains lower by 73 cents after a larger than expected build in the Weekly Oil Supplies, and a quiet U.S. Dollar put pressure on black gold....Last trade $94.26 per barrel....The U.S. stock market got a sorely needed lift today after most of today's U.S. economic data clocked in above expectations.....The Weekly Initial Jobless Claims fell to 366,000 versus the Street estimate of 390,000.....Wholesale inflation edged up .3%, hotter than the estimate of .1%....The New York Empire State Index on Manufacturing impressed with a reading of 9.53; much higher than Wall Street expected....The Street was looking for a reading of 3......Likewise; the Philadelphia Fed Index of Manufacturing clocked in above expectations....We got a reading of 10.3 versus 4.5....Stock traders took notice pushing the Dow up by 85 points....It was nice to see trading dictated by forces other than Europe today......That's it....I'll be back in the morning with the latest....Have a good afternoon.....
Peter R.....Southern Trust Metals, Inc.....
Toll free 1-877-448-0080
To unsubscribe simply reply to this communication letting us know of your decision.....Thanks
No comments:
Post a Comment
Keep a civil tongue.