Thursday Afternoon Silver and Gold Wrap Up for 2/23/12....Peter R....Southern Trust Metals, Inc.

Good afternoon Andrew,

Metals continued pushing higher during today's New York trading session supported by a further surge in the Euro, and on the belief that Europe's recession will be milder than feared.....Last on the Euro $1.3334 up 89/100ths of cent versus the U.S. Dollar.....Here are the metals closing levels....Silver gained $1.26 at $35.54....Today's buying pressure was somewhat exaggerated due to the expiration of the current silver option contracts.....Gold gained $13.00 to end at $1785.00.....Palladium remained unchanged at $728.00.....Platinum edged up $4.00 to close at $1728.00 per ounce.....In energy trading  the price of Crude remains higher by 61 cents in a cross current of hopes for Europe, a weaker U.S. Dollar, but tempered by a larger than expected 1.63 million barrel rise in this week's Oil inventories.....Last trade $106.86 per barrel.....Keep in mind that the rising cost of fuels is likely to have a growing adverse impact on economic growth going forward.....Meanwhile the U.S. stock market is up by 28 points with the help of this week's stable unemployment claims.....First time applications for unemployment remained unchanged at 351,000.......That's it....Call for strategies......I'll be back in the morning with any overnight developments......Have a good afternoon.....
Peter R.....Southern Trust Metals, Inc.....
Toll free 1-877-448-0080

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