Friday Morning Silver and Gold Update for 1/13/12......Peter R....Southern Trust Metals, Inc.

Good morning Andrew,

Metals pulled back in overnight trading after the European Union issued a report stating it may delay imposing the oil embargo against Iran by as much as 6 months....The statement served to deflate geo-political anxiety sending oil and metals lower; at least temporarily.....Crude Oil fell by more than $2.00 per barrel in late Thursday trading, and currently sits at $98.99 off another 11 cents.....Meanwhile metals lost ground for the same easing in the anxiety levels....Gold is down $6.00 at $1641.00....Silver is $29.95 off 24 cents......Palladium is changing hands at $632.00 off $7.00.....Platinum sits at $1482.00 down $19.00 per ounce....While on the subject of Europe; a lukewarm reception to the latest Italian bond auction is sending the Euro lower against the Greenback.....Last trade $1.2778 off 44/100ths of U.S. cent.....As for the stock markets; Euro-zone issues are higher by .5% while the Dow appears to be headed for a flat open....Dow futures indicate an 8 point lower open after Thursday's gain of 22....A quick look at the U.S economic calendar shows two reports of interest scheduled for release today......The Balance of Trade for November is expected to show a slight bump higher at $44 billion versus $43.5 billion.....More important will be the January reading of the University of Michigan Sentiment Index of Consumer Confidence....This is an important non-governmental look at the consumers willingness to spend given their outlook on the economy....The estimate calls for a reading of 71.2 versus December's 69.9....A good comparison....Let's see how the day plays out.....That's it....Have a good morning.....
Peter R.....Southern Trust Metals, Inc.
Toll free 1-877-448-0080

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