SILVER - COMMODITY EXCHANGE INC.                                                                              
Commitments of Traders with Delta-adjusted Options and Futures Combined, February 8, 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  :   117,759:    38,951     11,127     21,677     22,744     72,516     83,372    105,320:    34,387     12,439
Old  :   117,759:    38,951     11,127     21,677     22,744     72,516     83,372    105,320:    34,387     12,439
Other:         0:         0          0          0          0          0          0          0:         0          0
     :          :                                                                            :
     :          :          Changes in Commitments from: February 1, 2005                     :
     :      -356:    -2,142        769      1,089        296     -3,387       -757     -1,529:       401      1,173
     :          :                                                                            :
     :          :    Percent of Open Interest Represented by Each Category of Trader         :
All  :     100.0:      33.1        9.4       18.4       19.3       61.6       70.8       89.4:      29.2       10.6
Old  :     100.0:      33.1        9.4       18.4       19.3       61.6       70.8       89.4:      29.2       10.6
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  :       170:        97         30         53         25         35        142        102:
Old  :       170:        97         30         53         25         35        142        102:
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  :                 16.2       25.6       23.6       39.4       13.8       24.0       19.2       35.7
Old  :                 16.2       25.6       23.6       39.4       13.8       24.0       19.2       35.7
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 with Delta-adjusted Options and Futures Combined, February 8, 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  :    88,730:    23,121      6,867     14,949     36,432     57,036     74,503     78,852:    14,227      9,877
Old  :    88,730:    23,121      6,867     14,949     36,432     57,036     74,503     78,852:    14,227      9,877
Other:         0:         0          0          0          0          0          0          0:         0          0
     :          :                                                                            :
     :          :          Changes in Commitments from: February 1, 2005                     :
     :    -4,076:    -4,044     -1,267     -1,144      1,468     -2,396     -3,720     -4,806:      -356        730
     :          :                                                                            :
     :          :    Percent of Open Interest Represented by Each Category of Trader         :
All  :     100.0:      26.1        7.7       16.8       41.1       64.3       84.0       88.9:      16.0       11.1
Old  :     100.0:      26.1        7.7       16.8       41.1       64.3       84.0       88.9:      16.0       11.1
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  :       145:        56         38         39         37         36        114         97:
Old  :       145:        56         38         39         37         36        114         97:
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  :                 25.0       43.6       37.3       58.6       21.7       38.8       32.5       51.0
Old  :                 25.0       43.6       37.3       58.6       21.7       38.8       32.5       51.0
Other:                  0.0        0.0        0.0        0.0        0.0        0.0        0.0        0.0
 
GOLD - COMMODITY EXCHANGE INC.                                                                                
Commitments of Traders with Delta-adjusted Options and Futures Combined, February 8, 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  :   349,393:    98,573     60,024     75,694    122,025    189,790    296,292    325,509:    53,101     23,884
Old  :   349,393:    98,573     60,024     75,694    122,025    189,790    296,292    325,509:    53,101     23,884
Other:         0:         0          0          0          0          0          0          0:         0          0
     :          :                                                                            :
     :          :          Changes in Commitments from: February 1, 2005                     :
     :     3,986:    -4,986     11,530      2,007      7,829    -11,523      4,850      2,013:      -865      1,973
     :          :                                                                            :
     :          :    Percent of Open Interest Represented by Each Category of Trader         :
All  :     100.0:      28.2       17.2       21.7       34.9       54.3       84.8       93.2:      15.2        6.8
Old  :     100.0:      28.2       17.2       21.7       34.9       54.3       84.8       93.2:      15.2        6.8
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  :       220:       112         53         59         38         40        173        135:
Old  :       220:       112         53         59         38         40        173        135:
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  :                 24.1       26.1       33.8       43.4       15.0       21.8       20.1       32.6
Old  :                 24.1       26.1       33.8       43.4       15.0       21.8       20.1       32.6
Other:                  0.0        0.0        0.0        0.0        0.0        0.0        0.0        0.0
 
 

Updated February 11, 2005