Good afternoon Andrew,
Metals were little changed at the close in what feels like pre weekend profit taking....I have to say it was a bit surprising considering another surge today in the Euro, and another day of higher energy prices.....The Euro is currently up 99/100ths of U.S. cent at $1.3472....Crude Oil with the help of growing Iranian tensions rose another $1.86 to $109.69 per barrel....Don't be too shocked when you pass the gas stations this weekend.....As for the metals; Silver slipped 10 cents to $35.40......Gold eased $6.00 to $1779.00.....Palladium fell to $713.00 off $15.00 per ounce....Platinum lost $11.00 to close at $1717.00....Trading volume was surprisingly light.....The lethargy in the metals was also felt in the U.S. stock market which remains near the unchanged mark despite a much better than expected Michigan Sentiment Index of Consumer Confidence.....We got a final reading of 75.3; much stronger than the preliminary reading of 73....We also got some offsetting data in today's January New Home Sales....We got a reading of 321,000; better than the estimate of 315,000, but down from December's 324,000.. ....Despite the confidence data the Dow remains flat....Last on the Dow 12,990 up 6 points.....So, with another week behind us; that's it....Have a great weekend.....I'll be back on Monday with the latest.....
Peter R.....Southern Trust Metals, Inc.
Toll free 1-877-448-0080
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