SILVER - COMMODITY EXCHANGE INC.
OPTION AND FUTURES COMBINED POSITIONS AS OF 01/25/05          |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  Long  | Short  |Spreads |  Long  | Short  |  Long  | Short  |  Long  | Short
--------------------------------------------------------------------------------
(CONTRACTS OF 5,000 TROY OUNCES)                     OPEN INTEREST:      121,984
COMMITMENTS
  40,835   10,196   21,344   23,572   78,636   85,751  110,176   36,233   11,807

CHANGES FROM 01/18/05 (CHANGE IN OPEN INTEREST:     -1,285)
  -1,364    1,009      185   -1,518   -2,900   -2,697   -1,707    1,412      422

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER
    33.5      8.4     17.5     19.3     64.5     70.3     90.3     29.7      9.7

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:      171)
      98       26       49       26       41      140      102
 
 
COPPER-GRADE #1 - COMMODITY EXCHANGE INC.
OPTION AND FUTURES COMBINED POSITIONS AS OF 01/25/05          |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  Long  | Short  |Spreads |  Long  | Short  |  Long  | Short  |  Long  | Short
--------------------------------------------------------------------------------
(CONTRACTS OF 25,000 POUNDS)                         OPEN INTEREST:       91,878
COMMITMENTS
  27,671    6,043   16,197   33,472   61,453   77,340   83,693   14,538    8,185

CHANGES FROM 01/18/05 (CHANGE IN OPEN INTEREST:      6,436)
   4,017    1,395    2,393     -827    2,241    5,583    6,029      853      407

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER
    30.1      6.6     17.6     36.4     66.9     84.2     91.1     15.8      8.9

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:      148)
      61       36       37       36       38      117       96
 
 
GOLD - COMMODITY EXCHANGE INC.
OPTION AND FUTURES COMBINED POSITIONS AS OF 01/25/05          |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  Long  | Short  |Spreads |  Long  | Short  |  Long  | Short  |  Long  | Short
--------------------------------------------------------------------------------
(CONTRACTS OF 100 TROY OUNCES)                       OPEN INTEREST:      390,696
COMMITMENTS
 108,245   42,434   96,274  117,157  217,872  321,676  356,579   69,020   34,118

CHANGES FROM 01/18/05 (CHANGE IN OPEN INTEREST:     -3,806)
    -596   -1,405   -1,699   -7,538   -8,901   -9,833  -12,005    6,027    8,199

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER
    27.7     10.9     24.6     30.0     55.8     82.3     91.3     17.7      8.7

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:      233)
     128       48       79       36       37      199      141
 

Updated January 28, 2005