Wednesday Morning Silver and Gold Update for 4/11/12....Peter R....Southern Trust Metals, Inc.

Good morning Andrew,

Euro-zone and U.S. stock markets appear to have stabilized in the wake of Tuesday's sharp declines....U.S. market sentiment got a boost after aluminum giant Alcoa kicked off the corporate earnings season with better than expected results....Looking around the world we find that Asian markets closed flat to down 1%....The weakness comes on the heels of a powerful 8.6 magnitude earthquake off the western coast of Indonesia....Wide spread tsunami warnings have been issued....Talk about lightning striking twice.....Meanwhile; Eurozone markets are up .6% to 1.2%.....Domestically Dow futures indicate an 83 point higher open....The Dow lost some 214 points yesterday.....

In metals trading we find the complex trading quietly despite a lower Dollar and the Indonesian worries....Silver sits at $31.73 up 2 cents.....Gold is unchanged at $1660.00.....Palladium is $645.00 up $5.00 per ounce....Platinum is $1.00 lower at $1598.00.....

Over in the energies the Price of Crude oil is up 56 cents at $101.58 per barrel......The Euro currency rests at $1.3138 up 57/100ths of a cent versus the Greenback....

Today's economic calendar centers around  the release of this afternoon's Fed Beige Book....Traders will be looking for hints as to the Fed's next move....Better data will lessen the likelihood of further Fed stimulus, and vice versa.....

So with all eyes on Indonesia and the surrounding Indian Ocean countries, that's it......
Peter R.....Southern Trust Metals, Inc.
Toll free 1-877-448-0080

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