Good morning Andrew,
Silver and Gold continued to rise during the overnight trading sessions after optimistic Eurozone comments gave the Euro a further boost against the U.S. Dollar....Unsubstantiated reports claim the European Central Bank (ECB) is prepared to go no a bond buying spree in an effort to reduce European debt borrowing costs......Last on the Euro; $1.2424 up 71/100ths of a U.S. cent.......
As for the metals; Silver is nudging above the psychological $29.00 level at $29.02; up 32 cents per ounce......Gold is $5.00 higher at $1626.00.......Palladium is quiet at $609.00 off $1.00......Platinum is unchanged at $1498.00.......
Crude Oil is 70 cents higher on the back of a weaker Dollar, and in response to the European reports......Last trade $96.67 per barrel.....
Looking at the global stock markets we find Asian markets having closed mixed and little changed......European issues are up 0.3% to 0.6%........Dow futures are indicating a 15 point higher open.....
Today's economic calendar is idle except for this afternoon's release of the minutes from the last Fed policy meeting.....The question remains as to whether the members are leaning towards more quantitative easing.....Traders will dissect the minutes looking for clues....That happens at 2:00PM Eastern.....
Not a bad start to the day.....That's it.....
Peter R.....Southern Trust Metals, Inc.
Toll free 1-877-448-0080
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