Tuesday Morning Silver and Gold Update for 6/26/12.....Peter R...Southern Trust Metals, Inc.

Good morning Andrew,

European sentiment seems to have taken a turn for the better during the overnight trading sessions....Traders are pointing to a  fresh German consumer confidence survey which clocked in well above expectations.....Meanwhile; Chinese exports improved in the latest report.....As a result traders are breathing a sigh of relief.....Eurozone stock markets are inching higher.....The Euro currency is stabilizing at $1.2502 up 1/100th of a U.S. cent.....Oil is edging higher at $79.37 up 16 cents per barrel.....

Metals are consolidating yesterday's gains as Europe stabilizes.....Silver is $27.47 off 14 cents.....Gold is down $3.00 at $1584.00.....Palladium and Platinum are lower by $4.00 per ounce at $605.00 and $1441.00 respectively......

Looking towards New York; sentiment is also on the mend in the wake of Monday's loss of 138 Dow points.....The Dow is pointing towards a 38 point higher open....However, traders will be facing a couple of economic reports which could alter the early sentiment....We start the morning with the Case Shiller 20 City Home Price Index where the current estimate calls for a price decline of 2.5%, a shade better than the prior reading of down 2.6%.....This will be followed by the June reading of U.S. Consumer Confidence....The Street expects a reading of 64, down from May's 64.9....Unless we get a big surprise, the estimates are far from inspiring...

Otherwise, traders are beginning to focus on this week's European financial Summit in Brussels, as well as the growing geo-political tension between Syria and Turkey.....That's it....Have a good morning.......
Peter R.....Southern Trust Metals, Inc.
Toll free 1-877-448-0080

To unsubscribe simply reply to this communication letting us know of your decision.....Thanks