Good afternoon Andrew,
Traders appear to be pulling in their horns as optimism over this Friday's all important Euro-zone debt summit wanes....An undisclosed German official has warned everyone today not to expect a comprehensive solution to the problem on Friday...Meanwhile a French official vowed that a solution would be forthcoming on Friday....Go figure.....European stocks ended the day lower by .3% while the Dow remains higher by a nervous 14 points.....Crude Oil sits at $101.18 off 10 cents; going nowhere fast......Over in the currencies the Euro remains a shade higher but without conviction regarding Friday....Last trade $1.3418 up 22/100ths of cent against the U.S. Greenback.....As for the metals; they appear to be edging higher into the close, but also without conviction....Silver sits at $32.64 off 12 cent.....Gold is $1740.00 up $11..00....Palladium closed at $685.00; also up $11.00.....Platinum remains idle at $1527.00 up $1.00 per ounce.....All in all; a nervous yet boring day.......When we return tomorrow the calendar carries only one report of trader interest.....The Initial Weekly Jobless Claims will hit the tape at 8:30 AM Eastern....I'll be back in the morning with that estimate along with the ECB interest rate decision....Markets are expecting to see a cut in rates.....That's it.....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.