| Dear Andrew,
This morning's trader chatter seems be revolving around the new Greek government that wants to renegotiate the long fought over, and already once approved austerity plan....They are already hinting that the new negotiations may take at least 4 months....Not good!!! We are also hearing that Euro-zone manufacturing is close to stagnant.....Also not good!! Meanwhile; metals appear to be mixed with little change this morning..... Silver is up 4 cents to $17.25 per ounce...Gold is $2.00 lower at $1276.00.....Palladium is $777.00 up $3.00.....Platinum is $1230 off $9.00...... In the currency markets the Euro is up 39/100ths of a U.S. cent despite the ominous outlook.....Last at $1.1325..... Crude Oil is higher by $1.17 on the back of this morning's weaker U.S. Dollar.....Last trade $49.41 per barrel...... In stock trading Asia finished their Monday mostly lower...The lone exception was Singapore which gained 0.94%.....In European action; stocks are mostly higher on a marginal basis....Here the exception is Spain where the IBEX is down 1.79%....Spain's similarities to Greece are the catalysts....In New York the Dow is expected to open about 81 points higher in what looks like bargain hunting in wake of Friday's loos of 252 points....That's it....I hope you took the time to read the special Sunday research editorial article I sent you over the weekend.... |
| Peter Rukrigl SouthernTrust Services, Inc. 145 Almeria Avenue Coral Gables, Florida 33134 Local 305-446-4800 Fax 305-446-4448 peter@southerntrustservices.com |
No comments:
Post a Comment
Keep a civil tongue.