SILVER - COMMODITY EXCHANGE INC.                                                                              
Commitments of Traders - Futures Only, January 4, 2005                 
-------------------------------------------------------------------------------------------------------------------
     :   Total  :                        Reportable Positions                                :   Nonreportable
     :----------------------------------------------------------------------------------------     Positions
     :   Open   :           Non-Commercial       :     Commercial      :       Total         :
     : Interest :   Long   :  Short   : Spreading:   Long   :  Short   :   Long   :  Short   :   Long   :  Short
-------------------------------------------------------------------------------------------------------------------
     :          : (CONTRACTS OF 5,000 TROY OUNCES)                                           :
     :          :                                                                            :
All  :    96,882:    43,147      4,797      4,887     18,843     77,637     66,877     87,321:    30,005      9,561
Old  :    96,882:    43,147      4,797      4,887     18,843     77,637     66,877     87,321:    30,005      9,561
Other:         0:         0          0          0          0          0          0          0:         0          0
     :          :                                                                            :
     :          :          Changes in Commitments from: December 28, 2004                    :
     :    -2,384:       829        185        -56     -2,197     -4,647     -1,424     -4,518:      -960      2,134
     :          :                                                                            :
     :          :    Percent of Open Interest Represented by Each Category of Trader         :
All  :     100.0:      44.5        5.0        5.0       19.4       80.1       69.0       90.1:      31.0        9.9
Old  :     100.0:      44.5        5.0        5.0       19.4       80.1       69.0       90.1:      31.0        9.9
Other:     100.0:       0.0        0.0        0.0        0.0        0.0        0.0        0.0:       0.0        0.0
     :          :                                                                            :
     :# Traders :              Number of Traders in Each Category                            :
All  :       153:        97         13         27         20         34        123         70:
Old  :       153:        97         13         27         20         34        123         70:
Other:         0:         0          0          0          0          0          0          0:
     :----------------------------------------------------------------------------------------------------
     :             Percent of Open Interest Held by the Indicated Number of the Largest Traders
     :                          By Gross Position                       By Net Position
     :               4 or Less Traders     8 or Less Traders     4 or Less Traders     8 or Less Traders
     :                 Long:     Short       Long      Short:      Long      Short       Long      Short
     :----------------------------------------------------------------------------------------------------
All  :                 20.1       35.9       28.9       53.4       16.9       31.7       23.4       49.1
Old  :                 20.1       35.9       28.9       53.4       16.9       31.7       23.4       49.1
Other:                  0.0        0.0        0.0        0.0        0.0        0.0        0.0        0.0
 
COPPER-GRADE #1 - COMMODITY EXCHANGE INC.                                                                     
Commitments of Traders - Futures Only, January 4, 2005                 
-------------------------------------------------------------------------------------------------------------------
     :   Total  :                        Reportable Positions                                :   Nonreportable
     :----------------------------------------------------------------------------------------     Positions
     :   Open   :           Non-Commercial       :     Commercial      :       Total         :
     : Interest :   Long   :  Short   : Spreading:   Long   :  Short   :   Long   :  Short   :   Long   :  Short
-------------------------------------------------------------------------------------------------------------------
     :          : (CONTRACTS OF 25,000 POUNDS)                                               :
     :          :                                                                            :
All  :    87,161:    26,545      6,281     11,211     35,911     62,023     73,667     79,515:    13,494      7,646
Old  :    87,161:    26,545      6,281     11,211     35,911     62,023     73,667     79,515:    13,494      7,646
Other:         0:         0          0          0          0          0          0          0:         0          0
     :          :                                                                            :
     :          :          Changes in Commitments from: December 28, 2004                    :
     :    -6,069:    -6,736       -477        302      1,325     -6,163     -5,109     -6,338:      -960        269
     :          :                                                                            :
     :          :    Percent of Open Interest Represented by Each Category of Trader         :
All  :     100.0:      30.5        7.2       12.9       41.2       71.2       84.5       91.2:      15.5        8.8
Old  :     100.0:      30.5        7.2       12.9       41.2       71.2       84.5       91.2:      15.5        8.8
Other:     100.0:       0.0        0.0        0.0        0.0        0.0        0.0        0.0:       0.0        0.0
     :          :                                                                            :
     :# Traders :              Number of Traders in Each Category                            :
All  :       132:        56         28         23         34         39        102         79:
Old  :       132:        56         28         23         34         39        102         79:
Other:         0:         0          0          0          0          0          0          0:
     :----------------------------------------------------------------------------------------------------
     :             Percent of Open Interest Held by the Indicated Number of the Largest Traders
     :                          By Gross Position                       By Net Position
     :               4 or Less Traders     8 or Less Traders     4 or Less Traders     8 or Less Traders
     :                 Long:     Short       Long      Short:      Long      Short       Long      Short
     :----------------------------------------------------------------------------------------------------
All  :                 26.0       43.9       37.3       58.1       22.5       40.1       33.0       51.7
Old  :                 26.0       43.9       37.3       58.1       22.5       40.1       33.0       51.7
Other:                  0.0        0.0        0.0        0.0        0.0        0.0        0.0        0.0
 
GOLD - COMMODITY EXCHANGE INC.                                                                                
Commitments of Traders - Futures Only, January 4, 2005                 
-------------------------------------------------------------------------------------------------------------------
     :   Total  :                        Reportable Positions                                :   Nonreportable
     :----------------------------------------------------------------------------------------     Positions
     :   Open   :           Non-Commercial       :     Commercial      :       Total         :
     : Interest :   Long   :  Short   : Spreading:   Long   :  Short   :   Long   :  Short   :   Long   :  Short
-------------------------------------------------------------------------------------------------------------------
     :          : (CONTRACTS OF 100 TROY OUNCES)                                             :
     :          :                                                                            :
All  :   302,298:   140,471     67,228     16,838     89,301    195,043    246,610    279,109:    55,688     23,189
Old  :   302,298:   140,471     67,228     16,838     89,301    195,043    246,610    279,109:    55,688     23,189
Other:         0:         0          0          0          0          0          0          0:         0          0
     :          :                                                                            :
     :          :          Changes in Commitments from: December 28, 2004                    :
     :   -28,667:   -29,043     -3,533     -2,287      3,794    -27,959    -27,536    -33,779:    -1,131      5,112
     :          :                                                                            :
     :          :    Percent of Open Interest Represented by Each Category of Trader         :
All  :     100.0:      46.5       22.2        5.6       29.5       64.5       81.6       92.3:      18.4        7.7
Old  :     100.0:      46.5       22.2        5.6       29.5       64.5       81.6       92.3:      18.4        7.7
Other:     100.0:       0.0        0.0        0.0        0.0        0.0        0.0        0.0:       0.0        0.0
     :          :                                                                            :
     :# Traders :              Number of Traders in Each Category                            :
All  :       221:       118         46         38         35         39        176        104:
Old  :       221:       118         46         38         35         39        176        104:
Other:         0:         0          0          0          0          0          0          0:
     :----------------------------------------------------------------------------------------------------
     :             Percent of Open Interest Held by the Indicated Number of the Largest Traders
     :                          By Gross Position                       By Net Position
     :               4 or Less Traders     8 or Less Traders     4 or Less Traders     8 or Less Traders
     :                 Long:     Short       Long      Short:      Long      Short       Long      Short
     :----------------------------------------------------------------------------------------------------
All  :                 23.8       34.0       34.8       55.8       23.7       29.1       31.3       48.4
Old  :                 23.8       34.0       34.8       55.8       23.7       29.1       31.3       48.4
Other:                  0.0        0.0        0.0        0.0        0.0        0.0        0.0        0.0
 
 

Updated January 7, 2005