Gold and Silver just keep on truckin'... March Silver actually hit the $9 mark today, before trading back down to close just under that level. Gold breached the $520 mark, and managed to close comfortably above that level, at $523. The grains were mixed, with corn closing up and wheat closing down.

Finally, Sugar again closed at a new contract high. Sugar is the unsung commodity right now, with all attention focused on the precious and base metals. However, Sugar is trending higher each day, and seems to be exhibiting less volatility than any of the metals. I've attached a chart of our Sugar trade for anyone who hasn't looked at this market recently.


Our TNR model didn't fare too well today, hitting our money managent stops on two seperate trades. We did manage two winning trades, but they weren't enough to offset the losses. We finished the day with a net loss of $753. The model is indicating a reversion day again tomorrow for both the ES and NQ.

Our positions:

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	$9,779	52
@EC.P	0	$0	0		@CT.P	0	$0	0
@JY.P	-1	$8,075	51		@GC.P	3	$20,080	63
@CD.P	2	-$500	3		@SI.P	1	$4,195	14
@C.P	-4	$7,400	81		@HG.P	2	$36,400	131
@W.P	-3	$3,063	28		@LB.P	0	$0	0
@S.P	0	$0	0		@ES	2	$1,250	12
@CL.P	0	$0	0		@YM	0	$0	0
@HO.P	0	$0	0		@NQ	0	$0	0
		Total Open Trades			$89,742
		Total Closed Trades			$7,580
		Total			$97,322

Good night and good luck!