MKS Finance SA - Geneva Wednesday, 25-October-2006Gold was stagnant in Asia. It was limited to $584.50 on the upsideand remained rangeless for the first part of the Tocom session. Spotdrifted lower in the afternoon, but once again in the absence of any followthrough selling the downside was also limited. There was very littleactivity during the European hours as well.

MKS Finance SA - Geneva Monday, 23-October-2006After a close above $593 level on Friday, gold was sold down onaccess, to opened more than three dollars lower in Asia. Buying on Tocompushed the metal up to $592.50, but in the absence of any follow through itremained hovering within a one dollar range. In Europe the yellow metalopened around $592 levels, which marked the high for our time zone as soonas from there the prices started their gradual descent.

MKS Finance SA - Geneva Friday, 20-October-2006 Gold opened above $600 level on Tocom, with good selling interestpushing it down to $599.80. Sellers turned into buyers on the lows, but dueto the absence of any follow through the metal was limited to $600.50 onthe upside. In Europe spot reached the high of $602.50 as oil steadiedafter OPEC agreed to cut output by more than expected. Group’s ministersagreed to cut by 1.2 million bpd instead of 1 million from the first ofNovember.

MKS Finance SA - Geneva Thursday, 19-October-2006Gold edged higher on access to open two dollars above the NY closingprice on Tocom. Weaker crude oil had however capped that market and pricesdrifted below $590 level again. In Europe the yellow metal remained in itssideways pattern as the opinion of the OPEC members for cutting productionof the group still differed.

MKS Finance SA - Geneva Wednesday, 18-October-2006 It was another day of very narrow range trading in Asia. Gold sliddown to $589.30 shortly after Tocom opening, but recovered as dip buyingemerged in the market. The yellow metal opened around $591-591.50 levels inLondon, which marked the low for our time zone. Price action was verylimited and range bounded.

MKS Finance SA - Geneva Tuesday, 17-October-2006 Gold firmed during access trading, but drifted slightly lower priorto Tocom opening. The yellow metal traded within a narrow two dollar range,supported by bids below $596 and restricted by offers above $598 per ounce.In Europe the market retreated to fix at $594.90 on the AM London fixing.Subsequently the prices rebounded, but still remained rather inactivedespite a weaker US dollar and crude trading above $62 per barrel.

MKS Finance SA - Geneva Monday, 16-October-2006 After a close below $590 per ounce on Friday, gold traded higher toopen around $592 levels on Tocom. Large volumes were traded in Asia, butthe volatility was small and the metal bounded by less than a three dollarrange. In Europe the yellow metal fixed at $593 on the first London fixing,up 15.1 dollars from the previous AM one.

MKS Finance SA - Geneva Thursday, 12-October-2006 It was a very boring day in Asia. Gold traded in a three dollarrange, limited to $575 on the upside. In Europe the metal extended theovernight high to at first $576.50 per ounce to fix just 60 cents below thepeak. The prices started to gradually weaken from there. After the openingof the Comex division of the New York Mercantile Exchange, the worse thanexpected US economic data did not provide enough support for the yellowmetal to acquire gains, along with Brent for November delivery tradingbelow $59 per barrel.

MKS Finance SA - Geneva Tuesday, 10-October-2006 Gold was range trading in Asia today. The market challenged theupside, but could not reach the $580 resistance due to the great amounts ofselling interest at these levels. As soon as buying dried up general publicstarted to liquidate their long positions, bringing us to the low of$576.70.

MKS Finance SA - Geneva Monday, 9-October-2006 Gold closed around $573 levels on Friday to continue trading in avery thin and choppy access market as Tokyo was out on a public holiday andthere was no CBOT. The yellow metal challenged the upside on the news ofNorth Korea’s first-ever nuclear weapons test, which forced Japanese yen tohit 8-month high verses US dollar. North Korea said today that it conductedan underground nuclear test despite the warning from the UN SecurityCouncil of a risk of fresh sanctions.