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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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From: Mr. Aloha8/18/2006 10:23:18 AM
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Full Metals Monthly August Report --

This report (http://www.kitco.com/reports/FRC/aug152006.pdf ) provides a good analyis of the precious and base metals markets, as well as uranium and coal. Here are their summaries for precious and base metals:

Summary –Precious Metals
Gold and Silver prices have increased considerably, by 21.7% and 37.5% respectively, since the beginning of
2006. Based on the above mentioned positive macro-economic factors, which are the significant price drivers
for gold and silver, we believe that prices of these precious metals will stay above their year to date averages in
2006.

Summary –Base Metals
Out of all base metals, we are most positive on nickel and zinc, based on strong demand and lower inventory
levels. As for the other base metals, we feel that aluminum will stay close to its year to date average and
copper will stay above its year to date average for the rest of the year and then soften in 2007.
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