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

Good morning everyone,

Markets appear to be headed for a higher U.S. open tracking solid gains in Europe....Across the pond markets are reacting positively in advance of today's European Central Bank (ECB) interest rate meeting, and to another round of successful bond auctions by Italy and Spain...The ECB is expected to keep rates unchanged.......Meanwhile; the Bank of Englandhas already left its key lending rate unchanged, also as expected.....Euro-zone stocks are up by 1.5% with the Euro currency higher by 70/100ths of U.S. cent at $1.2776.....Over in the energy markets we find Oil changing hands at $102.31 up $1.44 as traders bid up prices on economic hopes, and on Iranian worries....As for the metals; price are higher across the board....Gold is up another $20.00 at $1658.00.....Silver sits at $30.63 up 65 cents......Palladium is $650.00 up $4.00 per ounce.....Platinum is up $19.00 at $1513.00.....Dow futures are indicating a 70 point higher open in reaction to Europe,and in advance of this morning's U.S. economic data.....The Initial Weekly Jobless Claims are estimated to be 375,000 versus 372,000....Not a big change, but still solidly below the 400,000 level.....Retail Sales for December are expected to clock in with a gain of .4% versus November's rise of .2%....Don't make too much about the comparison as holiday shopping tends to skew the numbers.....On the geo-political front;  A hard-line Iranian newspaper is calling for retaliation against Israel, a day after the mysterious killing of a nuclear scientist in Tehran with a magnetic bomb attached to his car....This story continues to develop....That's it.....Have a good morning......
Peter R.....Southern Trust Metals, Inc.
Toll free 1-877-448-0080

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