PRECIOUS METAL PRODUCERS

[NYBob]

Nov. 24 - Gold & Silver futures rallied Friday -
as the fiat dollar bucky tumbled to a 1 1/2-year low -
against the euro and an almost two-year low against -
the British pound on concerns about flagging -
economic growth in the U.S. -

With the stock market closed at 1 p.m. Eastern -
December Gold futures were up $9.60 at $638.60 in
electronic trading -



The New York Mercantile Exchange is closed for trading
Friday, leaving the electronic Chicago Board of Trade
contract as only way to trade the precious metal.

It's the first time the CBOT contract has been open
while Nymex is closed.

Trading was closed Thursday for the Thanksgiving holiday.

Early Friday, the euro broke through the $1.30 level
for the first time since April 2005 and peaked above
$1.31 as a sharp selloff of the dollar continued.

The dollar is taking it on the nose as slow holiday
trade in the U.S. is also helping to push Gold and Silver -
much higher -

Gold and Silver seems to be building a consensus of buyers
at this level and many bullish factors are at work -
- the bearish turn for the $bucky seems to be even more
juice for the Gold & Silver prices -

The news that Federal Reserve Chairman Ben Bernanke -
will accompany Treasury Secretary Henry Paulson on -
a December trip to China may lead some traders to -
conclude that the day of reckoning for the fiatzdollar -
is approaching -

Judging by the mood of the fiat$bucky and metals in the past
few sessions, such a trip appears to shape up as less -
than a projection of U.S. wishes upon Chinese officials -
and more of a possible plea to keep the dollar on life -
support for a little while longer? -
while some solutions are found to the massive imbalances -
facing both countries -

FMNJ - Silver Ore Res. Mines future -
Ag - were up 43 cents/oz -
at $13.47 an ounce -



Platinum recovered from a steep sell-off Wednesday to
trade up $34 at $1,188 an ounce -
The metal has been volatile this week, gaining on
speculation about the launch of a platinum-based
exchange-traded fund and then selling off as that
speculation faded -

Palladium was up $4.95 at $330.95 an ounce -
Copper rose 11.3 cents to $3.224 a pound -

Bucky is soon to fall of the cliff? -



Are the lemmings following Bucky? -


FMNJ - dd --
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