"No warning can save people determined to grow suddenly rich" - Lord Overstone
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Gold •15 mins | 2,347.20 | +4.70 | +0.20% |
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Platinum •15 mins | 922.10 | +1.60 | +0.17% |
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WTI Crude •22 hours | 83.85 | +0.28 | +0.34% |
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Gasoline •22 hours | 2.765 | +0.006 | +0.23% |
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Ethanol •20 hours | 2.161 | +0.000 | +0.00% |
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Silver •15 mins | 27.54 | -0.10 | -0.35% |
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Silver • 15 mins | 27.54 | -0.10 | -0.35% | |
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Copper • 15 mins | 4.574 | +0.036 | +0.78% | |
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Brent Crude • 21 hours | 89.50 | +0.49 | +0.55% | |
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Natural Gas • 22 hours | 1.614 | -0.024 | -1.47% | |
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Heating Oil • 22 hours | 2.548 | -0.002 | -0.09% |
Merv Burak
Contributor since: 26 Feb 2010
Biography
During the day Merv practices his engineering profession as a Consulting Aerospace Engineer. Once the sun goes down and night descends upon the earth Merv dons his other hat as a Chartered Market Technician (CMT) and tries to decipher what's going on in the securities markets. As an underground surveyor in the gold mines of Canada's Northwest Territories in his youth, Merv has a soft spot for the gold industry and has developed several Gold Indices reflecting different aspects of the industry. As a basically lazy individual Merv's driving focus is to KEEP IT SIMPLE.
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Technically Precious with Merv For Week Ending 19 August 2011
Boy, you leave for a few days and all hell breaks loose. Gold is up some $200 since I last looked. Is this a "blow-off"…
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Technically Precious with Merv For Week Ending 08 July 2011
Everything looked rosy this past week but now the question, "will it stay that way?" Time will tell but the latest action is getting into…
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Technically Precious with Merv For Week Ending 01 July 2011
So far the head and shoulder pattern in gold, highlighted here for the past couple of weeks, is acting right on schedule. If all continues…
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Technically Precious with Merv For Week Ending 10 June 2011
Although it looks as if gold has been moving sideways for the past two weeks a closer look suggests a topping activity. This coming week…
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Technically Precious with Merv For Week Ending 18 March 2011
So, why hasn't gold shot up through the roof with all that's been going on lately? It's a good thing I'm a technician and don't…
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Technically Precious with Merv For Week Ending 11 March 2011
Over the past several days gold has been hitting all time highs BUT the momentum indicator was telling us that the move was on greatly…
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Technically Precious with Merv For week ending 25 February 2011
Despite all the turmoil gold was not able to get into new high territory. It will be interesting which way for gold next week. GOLD…
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Technically Precious with Merv For Week Ending 11 February 2011
The upheaval in the Middle East has done nothing for gold. It looks like gold is ready for more downside action. A move to $1305…
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Technically Precious with Merv For Week Ending 04 February 2011
Gold bottomed and looks to be moving higher BUT the volume is just not there to be encouraging. The next week or so will tell…
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Technically Precious with Merv For week ending 07 January 2011
It seems that gold puts on a rally of sorts at the end of the year. The big question always is "will it last?" It…
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Technically Precious with Merv For Week Ending 10 December 2010
Still a potential head and shoulder pattern or not? See the short term analysis below. With all that's happening in the world one would expect…
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Technically Precious with Merv For Week Ending 26 November 2010
Gold continues to act as one would expect when tracing out a bearish head and shoulder pattern. It's not finished yet and may not but…
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Technically Precious with Merv For Week Ending 12 November 2010
Ouch! That was some decline on Friday, the worst single day decline since early Feb. The Feb decline ended the next day and gold took…
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Technically Precious with Merv For Week Ending 05 November 2010
We're just nudging up against the $1400 mark, can $1600 be far away? That still seems to be the most talked about target although $2600…
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Technically Precious with Merv For Week Ending 15 October 2010
Short term indicators are suggesting weakness in this latest move by gold into new highs. Are they telling us that a plunge is ahead? GOLD…
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Technically Precious with Merv For Week Ending 08 October 2010
Is it the economy, is it world tensions, who cares, the precious metals just keep on going higher and higher. Where they will stop nobody…
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Technically Precious with Merv For Week Ending 01 October 2010
Nine weeks of consistent upside action. It can't continue for much longer before something gives. Gold is once more becoming the talk of the town…
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Technically Precious with Merv for Week Ending 24 September 2010
Other than Tuesday it was a pretty good week. There was all that excitement about the $1300 mark for gold but let's get real, it's…
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Technically Precious with Merv for Week Ending 03 September 2010
Gold continues to climb. It's not exuberant and it's not exciting but it keeps on climbing. It's at a point where one would expect a…
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Technically Precious with Merv for Week Ending 20 August 2010
Since its bottom in late July gold has been on an almost steady advance, day after day. However, this advance has traced an upward sloping…
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