It has been a tough week, but all things considered we could be in much worse shape. The long anticipated collapse (after the parabolic rise) in precious metals appears to be in full swing, and the Yen seems to finallly be awaking from its slumber. These moves have hurt us. However, Copper, which also looked to be due for a large correction, has hung in there, and Sugar continues to make new highs. We of course are off our System B equity highs, but not so far off. We still have a few weeks in December to make a run, particularly if the precious metals can mount some kind of a charge back up.

Our TNR model called for a trending day in ES, and that is basically what we got, going short in the morning and riding it all the way down to our 4:00 exit. We made a net $518 on the day. TNR is again indicating a trending day in ES on Monday.

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	$11,762	58
@EC.P	0	$0	0		@CT.P	0	$0	0
@JY.P	-1	$3,938	57		@GC.P	3	$15,040	69
@CD.P	2	-$400	9		@SI.P	1	$2,245	20
@C.P	-4	$6,250	87		@HG.P	2	$36,350	137
@W.P	-3	$1,938	34		@LB.P	0	$0	0
@S.P	0	$0	0		@ES	2	$1,400	19
@CL.P	0	$0	0		@YM	0	$0	0
@HO.P	0	$0	0		@NQ	2	-$500	4
		Total Open Trades			$78,022
		Total Closed Trades			$7,580
		Total			$85,602

Good evening, and have a great weekend!