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Tuesday, May 30, 2006

Markets To Watch Today

Silver jumped up this morning, as a weakened Dollar and higher Gold prices give bulls confidence to enter the market. The Comex Exchange was closed Monday for Memorial Day. July Silver is trading at 12.960, up 23 cents this morning.

Crude is trading higher on the overnight market, as tensions in the Middle East increase. While refinery production and Gasoline stocks increased last week, Crude stocks were lower as we begin the summer driving season. July Crude is trading at $72.49, up $1.42 this morning.

Copper is down this morning, more due to thin trading conditions than any fundamental factors. Increased margins over the past month have shaken - out some of the participants in this market. Light trading is expected to remain, coming off a long weekend and approaching month's end. July Copper is trading at $3.7805, down 3.45 cents this morning.