The roller coaster ride continues in the precious metals, with Silver rallying $1.00/oz today and gold surging almost $10/oz. Copper, on the other hand, isn't on a roller coaster... it is more like a rocketship, going straight up.

In other markets, Energy was mixed, the CAD rallied, Cotton and Sugar fell, and bonds fell on the back of a very optimistic consumer confidence report. We added a new position today, selling 2 contracts of the June 10yr note futures at the close. That position will be reflected in tomorrow's reports.

Our TNR model called for a trending day today, and that is pretty much what we saw. Unfortunately we were whipsawed out of our NQ short, going long mid-morning and getting stopped out of that long for a money management stop. Fortunately, our ES short bailed us out, finishing net total on the day positive $37. We are calling for a neutral day in both ES and NQ tomorrow.

Our open 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	-4	$5,863	57		@SB.P	3	$8,232	145
@EC.P	0	$0	0		@CT.P	0	$4,135	9
@JY.P	0	$0	0		@GC.P	3	$31,650	156
@CD.P	3	$760	4		@SI.P	1	$11,595	107
@C.P	0	$0	0		@HG.P	2	$66,025	224
@W.P	0	$0	0		@LB.P	0	$0	0
@S.P	-2	-$1,650	15		@ES	2	$4,425	107
@CL.P	1	$530	6		@YM	3	$1,345	28
@HO.P	1	$4,533	10		@NQ	3	-$2,165	13
		Total Open Trades			$135,278
		Total Closed Trades			-$23,758
		Total			$111,520

Good luck, and have a pleasant evening!