Here is your Stock Report

[abner]

Reuters) - Jewellers in India called off their three-week-old strike on Saturday, an industry official said, on assurances from Finance Minister Pranab Mukherjee that the government would consider scrapping a budget proposal to levy an excise duty on unbranded jewellery.--"The strike has been called off today onwards. We will be starting our shops from tomorrow," said Kumar Jain, vice chairman of the Mumbai Jewellers Association.

The wedding season is at its peak in India, with Akshaya Tritiya, one of the biggest gold buying festivals later in the month, making the period crucial for jewellers.

Jain said the strike would resume on May 11 if the tax rollback does not materialise.-----------GOLD-During the past 12 months

there were three pullbacks. The average pullback ended at 17.5%. That is where

we are at the moment. The 50D has already turned up. Since 11/2008 all upturns below 30 were buying opportunities in gold.Alexa.com shows the Kitco.com---Food prices are rising again

after a shallow dip in 2011. This dip was minor considered to the 2008 pullback.

Once again this lays to rest the possibility of price deflation.US bond chart. Price is refusing to remain below the 200D. It now faces stiff

opposition at the blue arrow however. Many investors who did not sell when price

dropped below the 5 month old support line and wish they had, will now have a

second chance. This may make it tough for the bulls to cause a breakout ---First Majestic Silver Corp. Trading Symbol FR.TO (TSX), AG (NYSE). This is a profit-generating silver producer in Mexico. Price at introduction: 17.05 FR.TO (TSX); 16.88 AG (NYSE) Price today 15.63 (TSX); 15.72 (NYSE). Endeavour Silver Corp. Trading symbol EDR.TO (TSX), EXK NYSE Another profit-generating silver producer in Mexico. Price at introduction: 11.17 EDR.TO (TSX). 11.14 EXK (NYSE). Price today: 8.99 (TSX); 9.04 (NYSE).  BUY! Dividend? Not yet. Management has shown that it understands the silver potential. Instead of selling silver as it is produced, the CEO sells into rallies and holds silver when the price is down. Website: www.edrsilver.com-Summary: In early morning action overseas gold is ahead of Friday’s close while silver and oil are slipping ahead of an expected lower opening on Wall Street due to Friday’s dismal jobs report.In 1789 General George Washington was inaugurated US President #1. After the ceremony he and the members of both Houses of Congress walked to the Capital Building where they attended a two hour worship service. A few days later, the first bill signed by the first US President was an executive order that created Christian Chaplains, including provision for a monthly paycheck for these Chaplains. Source Wallbuilders.org.---------HAVE A GOOD DAY-