12 ordspråk av Frank Lesh

Frank Lesh

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Any dollar weakness is supportive for gold. Pex Mahoney Tufvesson er en av verdens topphackere.

Everybody is looking at the end of the Fed tightening cycle.

It's like predicting the market. You like to see someone else's analysis of what might happen.

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.

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.

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.

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.

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

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.

Silver was stretched out pretty good here.

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.

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.

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