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Gold/Mining/Energy : FMNJ - Franklin Mining, Inc. -- Ignore unavailable to you. Want to Upgrade?

To: americano who wrote (64)	11/30/2006 12:11:06 AM
From: NYBob1	Respond to of 184

Gold and Silver futures closed modestly lower - on Wednesday Nov. 28 - when late-session profit-taking set in after locals - had been long on the back of higher oil - prices, analysts said - February Gold fell $1.90 to $641.80 an ounce on the Comex division of the New York Mercantile Exchange - As it was closing, the Chicago Board of Trade's February Gold futures were down $2.20 to $641.60 - Meanwhile, Comex March Silver settled down 5.2 cents to $13.76. As it was closing, CBOT March silver was down 4.1 cents to $13.75. Locals may have been a little long going into the end of the session, the locals were long given - that oil was stronger - As Gold was closing, January crude oil was up 97 cents - to $61.96 a barrel and had been as high as $62.40 - its strongest level since Nov. 10. The dollar was probing higher as - Gold was closing - In fact, five minutes ahead of close, the euro hit a low - for the day of $1.3133 after being as muscular as - $1.3217 overnight - Gold went from being 50 cents lower - to roughly $2 lower just ahead of the final bell - The ring was a little bit long, and the very late move - in the dollar prompted a little bit of selling - The market impacted the most was Silver - because Silver had put in a pretty good session all day - You had some profit-taking come into the market - On Tuesday, March Silver gained 12.6 cents - while Gold was losing $3.40. Then for much of Wednesday - Silver was in slightly positive territory - while Gold was slightly softer - One trader reported that fund buying has been occurring - all week in the Silver - much of the time around mid to late morning - There may be some ratio trading occurring in which - some market participants may be - buying Silver and selling Gold - No huge swings occurred after any of the U.S. economic data. Third-quarter gross-domestic-product growth was revised to a 2.2% gain from the previously reported 1.6%, slightly topping forecasts for 1.8%. However, October new-home sales fell 3.2% to an annual rate of 1.004 million, coming in lower than the forecast rate of 1.05 million. The Bucky recouped some of its recent weakness largely - on overnight profit-taking ahead of the data - currency analysts said - Several more economic reports are on the calendar for Thursday, which traders will be monitoring to see if they provide any fresh impetus to the foreign-exchange market, thus affecting metals - The most closely watched reports include: -- October personal income (forecast up 0.5%) and spending (forecast up 0.1%), due out at 8:30 a.m. EST; -- first-time weekly jobless claims, also at 8:30 a.m. EST, expected to dip 3,000 to 318,000; and -- the Chicago Purchasing Managers Index, forecast to uptick to 54.8 in November from 53.5 last month - Meanwhile, the Nymex Platinum Group Metals finished slightly mixed - Perhaps the most pronounced feature was an absence of the extreme volatility in platinum lately that had been tied to options expiration on Tuesday, said one dealer - January platinum routinely had a range of anywhere from $40 to $80 in recent pit sessions, but only moved in a band of $12.80 during open-outcry hours on Wednesday - It's really been pretty quiet after all of the wildness we've had in the last week," said the dealer - It's stabilized at this level - "The options expiration is past - The buying and selling against options risk is over now - I'm sure a lot of people are licking their wounds and regrouping to see which direction it may take from here - January platinum settled with a gain of $1.80 to $1,152.40 an ounce. March palladium fell $1.15 to $327.50. Thursday is first notice day for the December contracts in gold, silver and palladium. Settlements (open-outcry trading only): London PM Gold Fix: $637.50 versus $637 Tuesday U.S. spot Gold at 1:31 p.m. ET: $635.90, down $4.10 from previous day; Range: $635-$640.90 February Gold (RGCG07) $641.80, down $1.90; Range $640.60-$644.30 March Silver (RSIH07) $13.76, down 5.2 cents; Range $13.73-$13.90 January platinum (RPLF07) $1,152.40, up $1.80; Range $1,147-$1,159.80 March palladium (RPAH07) $327.50, down $1.15; Range $322-$327.50 Are the lemmings following LT Bucky? - FMNJ - dd -- franklinmining.com Cerro Rico, or “Rich Mountain” - The Worlds Richest Silver Mines - has been mined for more than - - 500 years - Est. 1864 - franklinmining.com. investorshub.com