Silver was stretched out pretty good here.

Gold has regained its status as an investment vehicle. It's one of the better performing assets in 2005, and I expect gold to work up to $600 next year.

I don't know that we'll see those high prices again for the foreseeable future, and we're into a sideways price trend now. Though prices are higher than in early 2003, they're definitely down to much more manageable levels.

We're looking for a test to that level, perhaps next week.

There's a little apprehension here about the price of crude oil and how that's going to affect us. Even though we're off a bit, it's still $74 oil. I think that's a negative factor in the market though gasoline is really the issue.

We want to see whether or not the following months follow on up out of here after September gets out of the way. We could be looking at the highs right now.

Gold is consolidating after reaching new ground. The target this week has been to close above $600, and now the market is waiting for the next push.

It's another earnings week ... so we'll see how the companies fare and decide from there whether you're going to be a buyer or not.

It's nothing more than a psychological spot; it's like 10,000 on the Dow. In reality, the markets themselves don't see anything special about that $50 level.