Monday Morning Silver and Gold Update for 2/27/12....Peter R....Southern Trust Metals, Inc.

Good morning everybody,

The week looks to start on a lower note after this weekend's G20 Financial Summit failed to boost sorely needed additional funding for the International Monetary Fund, (IMF)....The failure served to revive European debt concerns pressuring the Euro and Euro-zone stocks at the onset of trading.....The Euro sits at $1.34000 down 62/100ths of cent against the Dollar......European stock issues are lower by  .75-1.4%.....We also find Oil trading lower on the back of a strengthening U.S .Dollar......Last trade $108.50 off $1.27 per barrel.....Still extremely elevated........As for the metals Silver is down 23 cents at $35.17......Gold is $1768.00 off $11.00.....Palladium remains unchanged at $713.00 per ounce.....Platinum sits at $1703.00 down $14.00.......U.S. stocks appear to be headed for a lower open in sympathy with Europe.....Dow futures indicate a 56 point lower open.....As for the U.S. economic calendar we have only one report for trader consideration.....Pending Home Sales for January are expected to show a significant bounce....The estimate calls for a rise of 1% versus December's decline of 3.5%....Not bad.....That's it unless you want to talk about the Academy Awards....Snore!.....Have a good morning.....Call to receive our latest informational package on precious metals investing....
Peter R.....Southern Trust Metals, Inc.
Toll free 1-877-448-0080

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