Friday Morning Silver and Gold Update for 11/30/12.....Peter R....Southern Trust Metals, Inc.

Good morning everyone,

Metals are trading steady to a shade higher as the Euro curiously contines to edge higher against the U.S. Dollar....Given the fragile Eurozone debt markets, and the ongoing Greek tragedy, you have to wonder why the Euro sits above the $1.30 level......London trader chatter points to the release of this weekend's November Chinese manufacturing data....It is expected to show a solid rebound....If correct; it has positive implications for the Eurozone....Hey; its a theory...As for the Euro; it sits at $1.3002 up another 25/100ths of a cent against the fiscal cliff hostage held Greenback....

As for metals; we find them changing hands marginally higher in London.....Silver is unchanged at $34.31......Gold and Palladium are $2.00 higher at $1730.00 an $691.00 respectively......Platinum sits at $1623.00 up $3.00....

The weaker Dollar is allowing Oil to add on slightly to yesterday's solid gains......Crude is $88.17 up 10 cents......

In global stock market activity we find Asia having closed with gains of 0.5% to 0.8%.......Europe is mostly higher with the averages up about 0.35%......In New York, Dow futures indicate a 27 point higher open......The indications are very tentative in advance of this morning's final flurry of U.S. data.......Personal Income is expected to be up 0.2% versus 0.4%....Personal Spending looks to be up 0.1% versus 0.8%.....That's not good.......PCE inflation is estimated to be up 0.2% compared to 0.1%.....Too soon to start throwing about inflation warnings......On the manufacturing front, the Chicago Purchasing Managers Index of Manufacturing is being called to be 50.7, a slight bump up from 49.9......That would take us out of manufacturing contraction territory.....Bottom line on the estimates, nothing to get excited about......

In other world news, Japan's government has approved its second round of stimulus in a little more than a month, as prime minister Yoshihiko Noda tries to stimulate a flagging economy in the run-up to December's elections.......Do not be surprised if the U.S. attempts another stimulus package, even though our election is already over.......That's it......Have a good morning.....
Peter R.....Southern Trust Metals, Inc.
Toll free 1-877-448-0080

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