Good morning Andrew,
Metals are a bit weaker this morning after an unimpressive German bond auction and renewed Euro-zone bank worries are pressuring the Euro currency....Last on the Euro $1.2990 off 60/100ths of cent against the Greenback.....Looking across the Pond we find Silver changing hands at $29.22 down 38 cents....Gold is lower by $2.00 at $1598.00.....Palladium sits at $663.00 off $3.00.....Platinum is down $1.00 at $1430.00....Over in the energy markets Crude Oil is 72 cents lower at $102.24 per barrel....A bounce in the Dollar and fresh European financial concerns are giving traders an excuse to take profits after yesterday's sharp advance....In stock market trading European markets are flat to down .5%.....The Dow appears to be headed for a 30 point lower open after yesterday's gain of 180 points....The negative sentiment may fade as traders await this morning's November Factory Orders report where the Street expects to see a rise of 2.1%; a nice improvement to October's decline of .4%....But once again European sentiment will dictate today's trading direction.....On the political front Mitt Romney squeaked out a win over Rick Santorum in the Iowa Caucuses....That's about it.....Have a good morning.....
Peter R.....Southern Trust Metals, Inc.
Toll free 1-877-448-0080
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