Hi Ho Silver!

We have lots to cover tonight. First, we had a great day on the silver futures. The ETF didn't perform the same, because of proverbial timing differences. We have covered this before; over time, the futures and ETF performances converge.

Another milestone was acheived! We received a signal to exit the British Pound tonight. This does not mean that the BP will decline; it simply means that the computer-generated long position has been optimized. We will exit with profits of 4.2% over a period of 15 calendar days.

Cocoa was stopped out with a small gain; natural gas with a fairly hefty loss. Overall, our futures made money on the day. Note the large gain in the long Russell 2000 position.

Lots of data to follow and lots of action. All in all, we can live with complication so long as it makes money for us.

For tomorrow, buy Gold! Symbols GCZ10 and GLD. Track record is 66 wins out of 78 trades for 85%. Stop: 1162.30 on the future.

I will try to give the first day's stop whenever I can.

Summary of positions:
PORTFOLIO SYMBOL ENTRY CLOSE STOP PROFIT DAYS
Long Soymeal SMZ10 267.50 291.70 277.20 $2,420 35
Long British BPU10 152.87 158.82 153.22 $3,719 15
Long British FXB 151.81 158.15 152.57 4.2% 15
Long Russell TFU10 611.30 659.40 631.50 $4,810 12
Long Russell IWM 62.18 66.15 63.35 6.4% 12
Long Silver SIU10 18.00 18.34 18.31 $1,700 7
Long Silver SLV 18.02 17.96 17.93 -0.3% 7

We'll show BP closed out tomorrow when we know the exit price for the ETF.

CLOSED OUT SYMBOL ENTRY OUT PROFIT DAYS
Long Nat Gas NGQ10 4.988 4.767 -$2,210 1
Long Nat Gas UNG 8.22 7.93 -3.5% 1
Long Cocoa CCK10 3011 3049 $380 5
Long Cocoa NIB 43.89 44.05 0.4% 5

We're going to ignore the coffee signal; the future was stopped out with a profit today for a small gain.



Best of luck, and have a great day!

Sincerely,

Dan

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