Tuesday Morning Silver and Gold Update for 4/17/12.....Peter R....Southern Trust Metals, Inc.

Good morning Andrew,

Let's start with a look at Europe where stocks are higher in the aftermath of an unexpected jump in Germany's ZEW investor sentiment index....European markets are up .8% to 1.2%...The gains are tenuous as Spanish bond yields remain nervously high in advance of today's sovereign debt bond auction....The Euro currency is unchanged at $1.3135......

Meanwhile U.S. stock futures indicate a 65 point higher opening in the Dow....Traders are taking a bit of comfort in the higher European performances, as well as optimism in front of this morning's U.S. Industrial Production report....The Street expects to see a rise of .2% versus the prior reading of 0%....Today's calendar also contains a fresh look at housing where March Housing Starts are expected to clock in at 700,000 units; up from 698,000......Building Permits on the other hand look more sluggish at 710,000 versus 717,000....

In late morning London metals trading we find the complex trading steady to higher with Silver up 27 cents at $31.75.....Gold is up $6.00 at $1656.00.....Palladium and Platinum are both $1.00 higher at $654.00 and $1580.00 respectively....

As for the energy markets; Crude Oil sits at $103.73 up 80 cents with traders pointing to the European bounce.....

In other news of importance; China has joined other world powers in warning North Korea that they will not tolerate any more provocations after the isolated nation's failed rocket launch last week... A good sign.....That's it....Have a good morning....
Peter R.....Southern Trust Metals, Inc.
Toll free 1-877-448-0080

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