Copper chugged higher again today. The latest unsubstantiated buzz is that a government copper trader in China is short an unbelievable amount of copper on the LME (London Metals Exchange), and it is going to be very difficult for him to cover or deliver.... and "oh, by the way" he has disappeared and no one in China has any record of him. Whatever the reason, Copper continues to make new contract highs, and it appears that $2.00 is within reach.

Sugar was again up, and the grains were up as well. Our short yen position posted another gain on the back of continued dollar strength across the board. Overall, most positions continued to work in our favor.

Contract	ctrcts	Open P/L	days on		Contract	ctrcts	Open P/L	days on
@US.P	0	$0	0		@NG.P	0	$0	0
@TY.P	0	$0	0		@KC.P	0	$0	0
@FV.P	0	$0	0		@SB.P	3	$3,530	36
@EC.P	0	$0	0		@CT.P	0	$0	0
@JY.P	-1	$6,375	34		@GC.P	3	$5,320	47
@CD.P	0	$0	0		@SI.P	0	$0	0
@C.P	-4	$5,550	64		@HG.P	2	$24,125	115
@W.P	-3	$700	11		@LB.P	0	$0	0
@S.P	0	$0	0		@ES	0	$0	0
@CL.P	0	$0	0		@YM	0	$0	0
@HO.P	0	$0	0		@NQ	0	$0	0
		Total Open Trades			$45,600
		Total Closed Trades			$7,580
		Total			$53,180

Our daytrading model was a bit off today, calling for a trend day that never materialized. We had 2 NQ trades and one ES trade, all of which lost money - for a combined loss of $333 on the day. The model is again looking for a trend day tomorrow in both contracts.

That is all for today - good luck and good night!