The U.S. ISM service index for May
increased to 53.7 from Aprils 53.5…That’s good news considering
expectations of a fall to 53.1 but not good enough news to outweigh the
ongoing crisis overseas that will be the center of attention for
today. The G7 called an emergency meeting today as Spain’s banking
system flirts with disaster after it was reported that he countries
credit markets are frozen. While investors await the outcome of that
meeting they can keep themselves occupied by reading
the S&P’s report indicating that Greece has a 1 in 3 chance of
leaving the union. The future of that country’s existence as part of the
European union hinges on the June 17th elections that may or
may not set in motion the move to revert back to
the drachma. Safe haven buying has gold up from yesterdays close as the
yellow metal now trades at $1619. Silver is up nearly $0.50 from its
previous close of $28.00. Have a great day!
|
Metals
|
Last
|
%Change
|
Low
|
High
|
|
Au-Aug
|
1618.6
|
0.30%
|
1612.5
|
1624.8
|
|
Pt-Jul
|
1443.6
|
1.15%
|
1428.8
|
1448.8
|
|
Pd-Sep
|
617.55
|
0.61%
|
611.30
|
618.70
|
|
Ag-Jul
|
28.400
|
1.40%
|
28.080
|
28.490
|
|
London
|
AM
|
PM
|
Minor
|
PGMs
|
|
Au
|
-
|
-
|
Rh
|
1260
|
|
Pt
|
-
|
-
|
Ru
|
115
|
|
Pd
|
-
|
-
|
Ir
|
1100
|
|
Ag
|
-
|
DJI
|
12100.89
|
-0.57
|
|
Currencies
|
|
|
|
|
|
|
USD
|
EUR
|
JPY
|
GBP
|
|
USD
|
0
|
1.245
|
0.012709
|
1.5365
|
|
EUR
|
0.8032
|
0
|
1.02077
|
1.2341
|
|
JPY
|
78.68
|
97.96
|
0
|
120.892
|
|
GBP
|
0.6508
|
0.81028
|
0.8271
|
0
|
|
|
|
|
|
|
|
Crude Brent
|
99.14
|
Comex Copper
|
330.1
|
|
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