0358233 COPYRIGHT MMX JEFFREY MANDALIS ALL RIGHTS RESERVED

GOLD SPOT TECHNICALS AS OF FEBRUARY 19, 2007

833.15 Running Resistance 2
757.30 Running Resistance 1
678.65 Current Resistance 2
674.30 Current Resistance 1
667.65 Current Pivot
666.50 Current Mean
663.30 Current Support 1
656.65 Current Support 2
656.15 Running Pivot < 732 H 555 L >
643.50 Running Mean
580.30 Running Support 1
479.15 Running Support 2

GOLD CBOT OPTIONS AS OF FEBRUARY 19, 2007

Z07_650_C - Z07_700_C 25.00
Z07_650_P - Z07_700_P -25.00
Z07_675_C - Z07_700_C 12.50
Z07_675_P - Z07_700_P -12.50
M08_625_C - M08_650_C 12.50
M08_625_P - M08_650_P -12.50
M08_650_C - M08_700_C 25.00
M08_650_P - M08_700_P -25.00
M08_700_C - M08_750_C 12.50
M08_700_P - M08_750_P -37.50
Z08_675_C - Z08_700_C 12.50
Z08_675_P - Z08_700_P -12.50
Z08_650_C - Z08_700_C 12.50
Z08_650_P - Z08_700_P -37.50
Z08_600_C - Z08_700_C 50.00
Z08_600_P - Z08_700_P -50.00

Z07_600_C 25.00
Z07_700_P -50.00
Z08_650_C 25.00
Z08_800_P -100.00
Z09_700_C 50.00
Z09_900_P -150.00
Z10_750_C 50.00
Z10_1000_P -200.00

SILVER SPOT TECHNICALS AS OF FEBRUARY 19, 2007

18.6060 Running Resistance 2
16.7220 Running Resistance 1
14.5073 Current Resistance 2
14.2695 Current Resistance 1
13.8923 Current Pivot
13.8225 Current Mean
13.6545 Current Support 1
13.2773 Current Support 2
13.0860 Running Pivot < 1497 H 0945 L >
12.2100 Running Mean
11.2020 Running Support 1
07.5660 Running Support 2

SILVER CBOT AND COMEX OPTIONS AS OF FEBRUARY 19, 2007

N07_1350_C - N07_1400_C 0.25
N07_1350_P - N07_1400_P -0.25
Z07_1400_C - Z07_1450_C 0.25
Z07_1400_P - Z07_1450_P -0.25
N08_1450_C - N08_1500_C 0.25
N08_1450_P - N08_1500_P -0.25
Z08_1400_C - Z08_1450_C 0.25
Z08_1400_P - Z08_1450_P -0.25
N09_1400_C - Z09_1500_C 0.50
N09_1400_P - N09_1500_P -0.50
Z09_1300_C - Z09_1500_C 1.00
Z09_1300_P - Z09_1500_P -1.00
N10_1350_C - N10_1750_C 2.00
N10_1350_P - N10_1750_P -3.00
Z10_1500_C - Z10_2000_C 1.00
Z10_1500_P - Z10_2000_P -4.00

N09_2500_C 0.10
N09_2500_P -10.00
Z09_2500_C 0.10
Z09_2500_P -10.50
N10_3000_C 0.05
N10_3000_P -12.50
Z10_3000_C 0.05
Z10_3000_P -15.00
N11_3500_C 0.02
N11_3500_P -20.00

COPPER

4.6279 Running Resistance 2
3.4898 Running Resistance 1
3.2303 Running Mean
2.3974 Running Pivot < 4.0755 H 2.3850 L >
2.8413 Current Resistance 2
2.7605 Current Resistance 1
2.6093 Current Pivot
2.5285 Current Support 1
2.5740 Current Mean
2.3773 Current Support 2

COPPER COMEX OPTIONS AS OF FEBRUARY 19, 2007

M07_230_C - M07_250_C 0.10
M07_230_P - M07_250_P 0.10
Z07_250_C - Z07_300_C 0.20
Z07_250_P - Z07_300_P 0.30
M08_300_C - M08_350_C 0.20
M08_300_P - M08_350_P 0.30
Z08_300_C - Z08_400_C 0.10
Z08_300_P - Z08_400_P 0.90

Z07_300_C 0.10
Z07_300_P -50.00
M08_350_C 0.10
M08_400_P -150.00
Z08_400_C 0.10
Z08_500_P -250.00



PLEASE TAKE DUE NOTICE HEREOF THAT THE PAST MAY NEVER INDICATE FUTURE RESULTS.
SERIOUS RISKS OF LOSS WITH TRADING FUTURES OR OPTIONS ARE NOT SUITABLE FOR ALL.
POTENTIAL LOSSES MAY OBLIGATE EVEN MORE THAN BALANCES OF FUNDS DEPOSITED.
NEVER TRADE FUTURES OR OPTIONS WITHOUT QUALIFIED PROFESSIONALS.

ALL RECOMMENDATIONS DERIVED BY THE ASSOCIATED PERSON INDEPENDENTLY OF THE
FUTURES COMMISSION MERCHANTS SOLELY FOR PURPOSES OF MARKET RESEARCH AND ARE
IN NO WAY TO BE CONSIDERED AS OFFERS TO CONTRACT WITH FUTURES OR OPTIONS.

ANY UNAUTHORIZED USE WHATSOEVER EXPRESSLY AND ABSOLUTELY PROHIBITED BY LAW
WITH ALL RIGHTS RESERVED BY JEFFREY MANDALIS COPYRIGHT MMVII

Jeffrey Mandalis (C)2007, Senior Full Service Broker
Shatkin, Arbor Inc.
Futures Commission Merchants
Chicago Board of Trade
141 West Jackson Boulevard, Suite 300
Chicago, Illinois 60604

877-SHATKIN toll free
312-3470100 local
http://www.shatkinarbor.com
jmandalis@shatkinarbor.com
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