Good morning everyone,
As traders return after the three day weekend we find sentiment fairly strong despite the ongoing worries over Greece.....Switzerland just announced it has made contingency plans in the event the Euro dissolves.....Regardless, markets appear to be buoyant so far....Euro stocks are higher by about .3%; while the Euro currency remains steady at $1.2533 off 8/100ths of U.S. cent.....
In the energy markets the price of Oil sits at $91.23 up 37 cents....
In London we find metals trading flat to higher in late morning activity.....Silver is $28.35 off 15 cents .....Gold is $1574.00 up $4.00.....Palladium is up $11.00 at $605.00......Platinum sits at $1439.00 up $10.00.....
In New York trading early indications call for the Dow to open 73 points higher; with traders pointing to a stable Europe and hopes for a surprise in this morning's Consumer Confidence Report....The official estimate calls for a reading of 69 versus the prior number of 69.2....Floor whispers are calling for a better result....Meanwhile traders are also waiting for todays Case Shiller 20 City Home Price Index where the estimate calls for prices to be down 2.3%, a shade better than last months decline of 3.5%....
So, with traders shaking off the weekend cobwebs; that's about it.....
Peter R.....Southern Trust Metals, Inc.
Toll free 1-877-448-0080
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