| Dear Andrew,
Good morning on this cool crisp Florida morning..... The metals continued to inch up in late morning European trading as global worries abound....In a surprise move; the Central Bank of Australia cut interest rates as the result of its own internal economic worries..... As for prices; Silver is up another 28 cents to $17.59......Gold sits unchanged at $1282.00.....Palladium and Platinum are both higher ahead of today's Auto and Truck Sales Report.....Palladium is $19.00 higher at $798.00 per ounce.....Platinum is $1243.00 up $9.00..... In currency trading the Euro is edging a shade higher as the debt worries surrounding Greece seem to slipping to the back burner for the moment.....Last on the Euro $1.1344 up 4/100ths of a cent against the U.S. Dollar...... Oil is up another $1.70 to $51.27 as technical buying indicates a possible bottom in the long downward trend of Crude....I think its too soon to tell...... In stock market activity; Asia finished mixed....The notable stand out was the Nikkei in Japan where the averages fell by 1.26%.....Meanwhile; in Europe prices are surging across the board with gains ranging from 1%-2%.....Once again the cause seems to be a reduction in Greek debt anxiety......In New York the Dow looks to open higher by 86 points in sympathy with Europe.....The expected rise comes despite anticipation for a weaker U.S. Factory Orders report, due out this morning....The estimate calls for a decline of 2% versus the prior decline of 0.7%.....That's it....Have a good morning.....Call for strategies or with questions.....
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| Peter Rukrigl SouthernTrust Services, Inc. 145 Almeria Avenue Coral Gables, Florida 33134 Local 305-446-4800 Fax 305-446-4448 peter@southerntrustservices.com |
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