Weekly Market Outlook

A stronger-than-expected jobs report on Friday was a good end to a week in which stocks were dragged lower by a rout in commodities. Stocks closed modestly higher amid falling oil prices and a rising dollar as investors were encouraged by the surprisingly strong report on April jobs growth.

The Dow Jones Industrial Average fell 171.73 points this week, or 1.34%, to 12,638.81. On Friday, the Dow gained 54.64 points, or 0.4%, after rising more than 170 points earlier in the session.

Buyers returned to gold futures, sending gold up US$20.90 to US$1495.40/oz and silver up 2.4% to US$35.62/oz. The Aussie should have fallen as well but the RBA’s quarterly statement on monetary policy upgraded the central banks inflation expectations to assume 3.0% core inflation will be reached by 2011 end, suggesting another rate hike is imminent. The Aussie dollar backed the first half and jumped 1.3% to US$1.0712.

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Commissioners Gold is a gold exploration company focused on proving up economically viable deposits of gold in the world class Lachlan Fold Belt mineral province of New South Wales.

The Company has rigorously acquired a portfolio of six projects over six tenements, a ground area of over 500 square kilometres. All Commissioners Gold projects are extremely well located in NSW with electricity, sealed roads and towns nearby.

Behind this strategy and focus the Company has a well qualified, experienced Board of Directors and a sound project management team.

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