Weekend Commentary

-- Yesterday, Gold futures closed near $476 an ounce at a one-week high,
an 11.5% gain from the level on May 11 when we advised our readers to
accumulate Gold. There was a rally of nearly $7 on Wednesday.

-- The November futures contract for crude oil closed up 44 cents at
$66.79 a barrel, after earlier trading as high as $67.20.

-- The benchmark 10-year Treasury note closed down 7/32 at
99-22/32 with a yield of 4.29% versus 4.26% Wednesday.

-- Dollar fell 0.04% to 112.96 yen as the euro fell 0.02% to $1.2041.

--The average rate paid on a 30-year mortgage was 5.91% in this
week, up from last week's 5.8% average. The rate averaged 5.72% at this
time last year.

--The average for a 15-year fixed loan was 5.48%, up from 5.37% last
week and 5.13% last year.

--Five-year Treasury-indexed hybrid adjustable-rate mortgages (ARM),
averaged 5.44%, up from 5.31%.

--One-year Treasury-indexed ARMs averaged 4.68%, up from last week
when it averaged 4.48%. At this time last year, the one-year ARM
averaged 3.97%.

--To achieve the mortgage rates this week, the 30-year, 15-year, and 5-
year loans required the payment of an average 0.5 point; the 1-year loan
required 0.6 point [A point equals 1% of the loan amount, charged as
prepaid interest].