Good morning Andrew,
Market sentiment continues to be positive in the wake of yesterday's dovish comments by Fed Chairman Bernanke.....In late morning London trading we find Silver up another 29 cents at $33.06.....Gold is $6.00 higher at $1691.00.....Traders are already eyeing the next psychological level at $1700.....Palladium is unchanged at $675.00.....Platinum sits at $1665.00 up $13.00 an ounce.....
In stock market activity Asian issues closed in mixed fashion with the indexes ending the day flat up 2.3%....Quite a range....In Europe stocks are up .3-.7%......Domestically Dow futures are indicating a tenuous 17 point higher open as the market consolidates yesterday's Bernanke driven 161 point gain....Traders are also taking a wait and see attitude in advance of today's U.S. economic data.....The Case Shiller 20 City Home Price Index is expected to clock in with price declines of 3.8% for January....In December the decline stood at 4%.....Meanwhile; U.S. Consumer Confidence is estimated to 70.1; lower than February's reading of 70.8.....The numbers are far from inspiring.....
In other markets the Euro trades quietly at $1.3352 off 7/100ths of cent versus the U.S. Dollar....Crude Oil is 17 cents higher at $107.20......That's it....Have a good morning.....
Peter R.....Southern Trust Metals, Inc.
Toll free 1-877-448-0080
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