5-31-06 -- 2006 YTD: Gold +24%, Silver +42% -LISTEN
Precious metals traded lower Wednesday on a stronger dollar and lower oil prices, after rebounding in the previous three sessions. Gold closed down $7.30 to $643.50/oz. Silver fell 49 cents to $12.54/oz. Gold finished out May one percent lower, but remains up 24% ytd, while silver shed 7.5% in May, it's remains up 42% ytd. Is the metals correction over for now? Find more clues at swissamerica.com.

5-30-06 -- Metals rise on dollar's fall -LISTEN
Precious metals rose again Tuesday on higher oil prices and a weaker dollar, after rebounding last Friday on government reports showing April consumer prices rose faster than incomes. Gold closed up in NY $3.50 to $654.30/oz. Silver rose 38 cents to $13.05/oz. Stocks and the dollar tumbled after Bush announced Treasury Sec. Snow would be replaced by Hank Paulson.

5-26-06 -- Metals rise on inflation fears -LISTEN
Precious metal prices drifted higher Friday, in thin pre-Memorial Day trading after the government released reports showing April consumer prices are rising faster than incomes. Gold closed in NY up $2.50 to $650.80/oz. Silver rose 10 cents to $12.67/oz. On behalf of the staff and brokers at Swiss America Trading, we wish everyone a happy and safe Memorial Day 2006!

5-25-06 -- Precious metals cautiously rebound -LISTEN
Precious metals cautiously rebounded Thursday after falling 5 percent on Wednesday, as profit taking by speculators was overshadowed by investor demand, a weaker dollar and higher oil prices. Gold closed in NY up $10.90 to $648.30/oz. Silver rose 6 cents to $12.57/oz. Gold has corrected 12 percent from its high of $725/oz. on May 9th, just as Mr. Smith said to expect.

5-24-06 -- Precious metals selling spree... BUY! -LISTEN
Precious metals fell over 5% on Wednesday, as profit taking by speculators outpaced investor demand. Gold closed down $36.00 to $637.40/oz. Silver fell 67 cents to $12.51/oz. Gold prices have corrected 14 percent from its 26-year high of $725/oz. on May 9th, silver has slipped 20 percent since it's $15/oz. peak. Smart investors are buying the dips when speculators are taking profits.

5-23-06 -- Metals rebound sharply on investor demand-LISTEN
Precious metals rebounded sharply on Tuesday after last week's speculative sell-off attracted fresh investor demand. Gold closed up $16.40 to $673.40/oz. Silver jumped up 72 cents to $13.18/oz. The World Gold Council reports a record 109 tons flowed into gold ETF funds in Q1 of 2006. "Much of the demand is coming from new long-term investors who are rediscovering ... gold".

5-22-06 -- Precious metals rebound after speculative sell-off -LISTEN
Gold prices remained volatile Monday as profit taking by speculators attracted fresh bargain hunting. Gold prices rebounded by the end of the NY trading session as the dollar resumed it's decline, closing up a dime to $657.10/oz. Silver closed up 4 cents to $12.46/oz. "This 10% gold correction was expected and should be seen as healthy for long-term investors", says Craig R. Smith.

5-19-06 -- Gold corrects 10%... as expected! -LISTEN
Precious metals fell sharply on Friday on speculative profit taking after the dollar staged a rebound from it's downward course. Gold closed down $23.60/oz to $657.00/oz. and silver fell $.13 to $12.42/oz. Ten days ago Craig Smith warned of a coming 10-15% price correction from the recent $725/oz. high. Gold has since corrected 10% so far, while silver is down 20% from it's peak of $15/oz.

5-18-06 -- $680 gold, dollar's fall "a body blow" -WSJ -LISTEN
Precious metal prices consolidated lower in choppy trading Thursday despite a weaker dollar. Gold closed down $11.50/oz to $680.60/oz and silver fell $.69 to $12.55/oz. "The gold value of the dollar appears to be going into free fall, and the further it declines the more dire the consequences," reports today's Wall St Journal. "The dollar's collapse is nothing less than a body blow to capitalism."

5-17-06 -- "Gold gyrates, stocks plunge on inflation fear" -LISTEN
Gold prices gyrated on Wednesday topping $720/oz. early on a weaker dollar, then falling sharply as the dollar rallied following a .6% rise in the April CPI inflation data. Gold closed up $.30/oz to $692.10/oz and silver slipped $.34 to $13.24/oz. in choppy trading. Meanwhile, the Dow plunged over 200 points on fears the Fed may raise rates again in June.

5-16-06 -- "Gold rebounds on physical buying, weak buck" -LISTEN
Precious metals rebounded on Tuesday due to physical buying helped by rising crude prices and the dollar resuming its downward course following "tame" inflation data. Gold closed up $8.20/oz to $691.80/oz and silver climbed $.26 to $13.58/oz. The U.S. dollar has shrunk over 8% in 2006 as foreign investors slashed the flow of dollars from Asia, Europe, and the Mid-East.

5-15-06 -- "Gold bull pauses as speculators sell" -LISTEN
Precious metals fell sharply on Monday as funds and speculative sellers bailed out of metals across the board in a massive profit-taking sell-off across all commodities. Gold closed down 3.8% or $26.90/oz to $683.60/oz and silver fell $.89 to $13.32/oz. Last week Craig Smith told Doug Fabian... "We're overdue for a healthy 10-15% correction...buy long-term and hold!"

5-12-06 -- "Confidence: Gold +4%, Consumers -10%" -LISTEN
Gold prices rose this week on strong fund buying, growing inflation fears and geopolitical tension. Precious metals finished lower Friday on a slightly smaller U.S. trade deficit giving some relief to the dollar routing and sagging consumer confidence. Gold closed down $9.60 to $710.50/oz., but up 4% for the week. Silver closed down $.73 to $14.21/oz., up 31 cents for the week. Is four-digit gold ahead?

5-11-06 -- "$720 gold on Fed's inflation fears" -LISTEN
Precious metal prices surged Thursday on speculative fund buying fueled by rising oil, inflation fears and geopolitical tension after the Fed signaled they may continue raising interest rates. Platinum soared to $1,288/oz. its highest ever. Gold closed up $16.40 to $720.10/oz. and silver closed up $.62 to $14.94/oz.

5-10-06 -- "Safe haven gold tops $700/oz. as dollar crumbles" -LISTEN
Gold prices moved higher again Wednesday as the dollar continued crumbling, after cresting a new multi-decade high of $700/oz. yesterday. Mounting tension over Iran's nuclear program and higher oil prices increased the appeal of the precious metal as a safe haven. Gold closed up $3.80 to $703.50/oz. (+35% ytd), silver closed down $.22 to $14.27/oz. (+63% ytd).

5-9-06 "$700 gold arrives, $1,000 gold next?" -LISTEN
Gold prices closed near $700/oz Tuesday for the first time in 25 years as mounting tension over Iran's nuclear program increased the appeal of the precious metal as a safe haven. Gold closed up $22.30 (+3%) to $699.70/oz., silver jumped up $.71 (+5%) to $14.49/oz. Read about the debate over "1,000 Gold?" at swissamerica.com.

5-8-06 "Metals ease on lower oil, 'Buy the dips!'-CRS" -LISTEN
A mixed dollar and a drop in oil prices moved precious metals lower on Monday as some traders decided to quit the market to pocket profits, dealers said. Gold closed down $5.00 to $678.40/oz. and silver closed off 12 cents to $13.78/oz. But the metals are poised to rebound after a short period of consolidation, with dealers targeting the next big level of $700/oz. Craig Smith's advice: "Buy the dips!"

5-5-06 "Fueling gold fire: $800-$1,000 by year-end?" -LISTEN
Gold prices jumped higher on Friday after the dollar fell on a weaker-than-expected U.S. jobs report for April. Friday gold closed up $7.80 to $682.40/oz. -- up $32/oz. for the week and $95/oz. over the last month. Silver rose $.08 to $13.90/oz. -- up $.41/oz. for the week and $2.25/oz. in a month. "We could see $800 to $1,000 by year's end... all the elements are now in place", reports Marketwatch.

5-4-06 "Metals rise, gold's $700 trajectory in 2006" -LISTEN
Gold prices jumped higher Thursday on a weaker dollar, bolstered by ongoing investment buying due to bullishness on gold's long-term prospects. Gold closed up $8.60 to $674.60/oz. Silver prices also rebounded 6 cents closing at $13.82/oz. John Embry of Sprott Asset Management, says the price of gold is headed to $700/oz. this year and $1,000 within two to three years.

5-3-06 "Metals mixed on profit-taking, cartel imploding" -LISTEN
Gold prices closed higher Wednesday after a stronger dollar triggered some early profit-taking. Meanwhile, silver prices fell on speculative fund selling. Gold closed up $1.80 to $666.00/oz. Silver fell $.43 to $13.76/oz. "The least talked about reason for gold's dramatic rise is the past shorting and manipulation of it. The gold 'cartel' is imploding as we speak", said Peter Grandich, editor of The Grandich Letter.

5-2-06 "Bankers see $715 gold, triple-digit oil" -LISTEN
Precious metals rose again Tuesday, with investors targeting the next level of $700 an ounce on higher oil prices, a weak dollar and political tension in the Middle East. Gold closed up $6.60 to $664.20/oz. Silver rose $.27 to $14.19/oz. Commerzbank has increased its price target for gold to $715/oz. by Fall. "Another political shock may bring triple-digit oil prices", says Adam Sieminski of Deutsche Bank in NY.

5-1-06 "Metals rise for 8th week, numismatics undervalued" -LISTEN
Gold prices rose for an eighth week on Monday, as the escalating dispute over Iran's nuclear program sparked demand for bullion as a haven from rising oil and a falling dollar. Gold closed up $6.00 to $657.60/oz. up 12% in April, Silver surged $.41 to $13.92/oz. up 17% in April. "Numismatic gold coins remain an undervalued area of the gold market", says Craig Smith.