Monday Morning Silver and Gold Update for 6/11/14.....Peter R....Southern Trust Metals, Inc.

Good morning Andrew,

Metals are currently steady to higher on relief that Spain sought and received help from the EU rescue fund to help recapitalize its struggling banks.....
Eurozone members have offered the ailing country up to 100 billion Euros in bailout monies, more than the country indicated it needed  in a bid to stem further financial difficulties....The initial reaction sent metals sharply higher, but prices have since eased in a wave of profit taking with traders quickly pointing to next week's Greek elections........Looking across the Pond we find Silver up 9 cents at $28.67.....Gold is $1.00 higher at $1592.00.....Palladium sits at $623.00 up $7.00 per ounce....Platinum is $1448.00 up $14.00.......

The sigh of relief over Spain is spilling into other markets.....Eurozone stock markets are up 1%-1.8%......The euro currency is up 76/100ths of a cent versus the U.S. Dollar at $1.2575.....Even beleaguered Oil snapped back ....Last trade $85.05 up 95 cents per barrel.....

The sentiment is being felt in New York where Dow futures indicate an 86 point higher open....The projected higher open is purely Europe driven since the U.S. economic calendar remains idle today.......That's it.....Have a good morning.....
Peter R.....Southern Trust Metals, Inc.
Toll free 1-877-448-0080

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