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0920 EDT Wednesday July 12, 2006 Good Morning: Yesterday, was a day to remember for many reasons, both good and bad. Firstly, it was the 37th anniversary of the liftoff of Apollo 11 on its historic journey to the moon and first lunar landing. As we reported yesterday morning, Gold and Silver opened and continued sharply higher throughout the day, boosted somewhat unexpectedly perhaps by the 8 terrorist bombings in Mumbai, that just like London a year ago, set off the bull market in metals in earnest. Even though this happened on the far side of the World, perhaps now we know why there were so many videos, pre-empting some type of event soon and as someone rattled off recently in an interview regarding London's train bombings, that if the US and UK did not get out of Iraq, there would be more 3/11's like Madrid, 7/7's like London and 9/11's. So 7/11 became the next black day that will live in infamy as long as this scourge continues to darken our times and rob us of normality.   For MODAR it was a memorable day as was Monday, as MODAR promulgated over 100 separate buy and sell recommendations and for Investment Intelligence also, our commentary Tuesday, stated that not only did we believe precious and base metals would probably rise substantially higher as they did, but also that the Equity markets which had opened the week on a sullen note, could at a stretch actually rebound sometime this week and maybe even Tuesday, that could inspire a decent rally. That was before the news of the bombings hit, so with the pall of bad news hanging over the market throughout the morning, it seemed unlikely that a rebound could unfold. But our analysis said different. On the heels of a Presidential report on the economy, with George W buoyed by the coup of his presidency in swearing in Hank Paulson to the role of Treasury Secretary and crowing about what we have now for 2 1/2 years described as the best economy ever, never worrying about the naysayers declaring the budget deficit as "terminal", where we preferred to describe it as simply the cost of doing America's business, that amounts to little more than a home equity loan on the grandest scale. As the president declared the deficit had been virtually cut in half and on the back of impressive enough job creation numbers and an economy with one of the most consistently strong growth numbers in generations, if not ever, we remain optimistic that better times ultimately lie ahead. In fact, as the morning wore on, we observed a distinct lack of follow-through to the downside mid to late morning and, going into the early afternoon a retest failed to make lower lows, so MODAR stepped in and promulgated what turned out to be an emboldened first for this year, with a 10 times our normal sized buy signal and within minutes caught a spectacular surge in the market that continued strongly and unabated right into the close and as we suggested Monday that this could be an important and defining week, Tuesday's turnaround surely improved this outlook.    While the overall market structure is by no means perfect and continues to be vulnerable to another breakdown, so far so good. Positive market action thus far has defied the skeptics, leaving the doomsayers behind in much the same way as the metals markets defied logic.   From here on out we just have to take the markets one day at a time and try to position ourselves and profit accordingly from opportunities. Trade Well From the Desk of Savant

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