Thursday Morning Silver and Gold Update for 11/15/12.....Peter R.....Southern Trust Metals, Inc.

Good morning Andrew,

Metals turned lower in overnight trading after minutes from the last Fed meeting indicates a change in interest rate philosophy.....Apparently the Fed wants to unhandcuff itself from its prior commitment to keep interest rates low until 2015,  and instead peg the low rates to meaningful changes in the employment picture....This change in philosophy brings into question the future of easy money and perhaps even quantitative easing .....Metals are also being buffeted by the Eurozone admitting that the third quarter data indicates a continent wide recession....Adding to the volatility is a sudden rise in Middle-East geo political anxiety....As a result of the mixed signals we find Silver trading 20 cents lower at $32.65......Gold is off $8.00 and changing hands at $1722.00 per ounce....Palladium is down by $14.00 to $630.00....Platinum is weaker by $18.00 at $1575.00.....

In energy trading the price of Oil remains in a tight range as traders are caught in a swirl of cross currents....Rising worries in the Midle East, an official European recession, and anxiety in advance of today's Weekly Inventory data.....Last trade 486.19 off 13 cents per barrel....

In U.S. stock trading the Dow looks about 21 points higher despite today's expectation for a flurry of weaker U.S. economic data .....The Initial Weekly Jobless Claims are expcted to be 388,000 versus 355,000....The New York Empire State Index of Manufacturing is estimated to be -8.5, down from -6.2.....The Philadelphia Fed Index of Manufacturing is expected to reinforce the New York data....The Street expects a reading of 0 versus 5.7....That's bad data across the board....It helps to rationalize yesterday's 185 point collapse in the Dow.....In other stock related matters; retail giant Wal -Mart is expected to release it's quarterly earnings today....That's about it....
Peter R.....Southern Trust Metals, Inc.
Toll free 1-877-448-0080

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