Tuesday Afternoon Silver and Gold Wrap Up for 3/10/15

Good afternoon Andrew,  Metals ended the day weaker on the back of a stronger U.S. Dollar.....The ostensible reason for the strong Dollar is on a growing belief that the Fed will raise interest rates sooner rather than later....I do not believe that the Fed will raise rates because the economy is not as good as the Fed pretends with its reliance on the employment numbers....Furthermore the U.S. Government cannot afford the debt service if rates  rise..... As for metals; silver eased by 5 cents to $15.69,,,,,Gold fell by $5.00 to $1161.00.....Palladium closed at $807.00 off $13.00 per ounce.....Platinum dropped $14.00 to $1133.00 The surge in the Dollar depressed Oil to the tune of $1.31 per barrel.....Last trade $48.69.....The Euro is lower by another 1.36 cents against the Dollar   Last trade $1.0714....... The Dow is down some 233 points as worries of higher interest rates give Wall Street analysts pause about future corporate earnings....That's it..... 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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