Good morning Andrew,
Looking across the Atlantic we find markets little changed as the Greek debt situation remains unresolved, and with traders playing close to the vest in advance of today's Capitol Hill testimony by Fed Chairman Bernanke....Adding to the wait and see attitude is this morning's Initial Weekly Jobless Claims Report where the current estimates sits at 375,000 versus 377,000....The report hits the tape in about an hour.....Meanwhile Euro-zone stocks are lower by .2%, and the Euro currency is down 60/100ths of U.S. cent at $1.3109......Metals are quiet with Silver off 16 cents at $33.64.....Gold sits at $1746.00 off $2.00......Palladium and Platinum are both up $5.00 at $704.00 and $1627.00 respectively.....In the energy markets we find Crude selling at $96.78; down 83 cents per barrel....Traders point to the firmer U.S. Dollar, and some residual selling in the wake of yesterday's much larger than expected jump in the Weekly Oil Inventories for the weakness.....As for the U.S. stock market; the Dow is being indicated to open 17 points lower with traders taking the same wait and see attitude mentioned above.....That's about it.....Have a good morning......
Peter R.....Southern Trust Metals, Inc.
Toll free 1-877-448-0080
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