Wednesday Morning Silver and Gold Update for 1/18/12....Peter R....Southern Trust Metals, Inc.

Good morning Andrew,

Looking across the Pond we find European stocks having recovered from a wave of overnight profit taking after news that the International Monetary Fund proposed a new and expanded $1 trillion European lending program, and in the wake of a well received German debt auction that came to market with lower borrowing costs.....The sharp overnight losses have now turned into a .2% gain.....The Euro currency also  recovered and now sits at $1.2782 up 35/100's of cent against the U.S. dollar....Crude Oil is 49 cents higher at $101.20 per barrel.....Metals still remain flat to a shade lower, but with a positive bias as we approach the New York open....Silver is $30.20 up 3 cents.....Gold sits at $1654.00 off $1.00.....Palladium is $4.00 lower at $652.00....Platinum is $1518.00 down $13.00 per ounce....As for the U.S. stock market we find Dow futures indicating a 24 point higher open adding on to yesterday's closing gain of 60....Traders have one eye on Europe and the other on this morning's pending U.S. economic data....The Producer Price index (PPI) which measures wholesale inflation is expected to show a minor rise of .1%; below the prior month's rise of .3%......U.S. Industrial Production is estimated to be up .5% versus November's decline of .2%....The data; if correct will probably have a minimal  positive impact on trading...Traders are also waiting for this morning's earnings report from Wall Street giant Goldman Sachs.....That's it.....Have a good morning.....
Peter R.....Southern Trust Metals, Inc.....
Toll free 1-877-448-0080

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