Good morning Andrew,
It's finally election day and I'm excited....Not about the voting; I've already done that....My excitement stems from the fact that the relentless barrage of political commercials will FINALLY come to an end......That said; markets are leaning higher as the voting begins.....
Looking across the Pond we find Silver trading at $31.36 up 19 cents.....Gold is $6.00 higher at $1691.00.....Palladium is changing hands at $615.00 up $14.00 per ounce.....Platinum is up $11.00 at $1546.00......
Crude oil is 45 cents per barrel higher at $86.10......The Euro remains neutral as the U.S. election takes center stage......Last trade $1.2789, up 9/100ths of a U.S. cent.....
As for the stock markets; we have mixed results.....Asia closed with losses of about .4%.....European stocks are up 0.5%....Domestically; Dow futures indicate a 39 point higher open......
We have received numerous calls inquiring about market reactions to either an Obama or Romney victory....The most widely thrown about answer is as follows:....A Romney victory will ignite a stock market rally......An Obama victory will cause a commodity rally....Don't base the election results on current market conditions, they are conflictive......We will have to wait until the polls close and a decision is reached...That may or may not happen tonight.........The world is holding it's breath.....That's it....Have a good morning......
Peter R.....Southern Trust Metals, Inc.
Toll free 1-877-448-0080
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