Thursday Afternoon Silver and Gold Wrap Up for 3/1/12.....Peter R....Southern Trust Metals, Inc.

Good afternoon Andrew,

The metals complex rebounded today as sanity returned to the market....Traders decided to bargain hunt after Fed Chairman Bernanke ended today's testimony without generating further doubts about quantitative easing.....As the markets come to a close we find Silver up 95 cents at $35.55.....Gold recovered $11.00 to $1721.00....Palladium was up $13.00 to end at $719.00 per ounce.....Platinum gained $20.00 to $1705.00....Volume was moderate.....Over in the currencies the Euro sits at $1.3317 off 18/100ths of cent versus the U.S. Dollar....Oil also recovered with a gain of $1.07 to $108.14 per barrel....This is one market we do not to see rising.....On the stock market front the Dow remains higher by 59 points despite today's mixed U.S.  economic data.....The Initial Weekly Jobless Claims clocked in at 351,000, unchanged from last week, but a bit better than expected......Personal Income and Spending came in a shade under the estimates......ISM Manufacturing fell short of the mark at 52.4....The Street was looking for 54.7.....While today's economic data does not support a 60 point gain  in the Dow, solid showings by U.S. retailers did help to push prices higher.....So that's it.....The U.S economic calendar will be dormant tomorrow so all eyes will shift back to Europe as we close out the trading week.....Have a good afternoon....
Peter R.....Southern Trust Metals, Inc.
Toll free 1-877-448-0080

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