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Merv Burak

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.

  • Technically Precious with Merv

    Published 03 October 2006 | viewed 4,515 times

    It looks like gold and silver are in a little rally BUT are they really going anywhere? You'll need to read on to find out.…

  • Mervs Non-Edibles Futures Page

    Published 25 September 2006 | viewed 13,912 times

    Weekly Technical Information, Ratings and Comments   Click to open larger image in new window.  

  • Technically Precious with Merv

    Published 25 September 2006 | viewed 4,232 times

    Gold up, silver up but all the Indices down. Is there a disconnect here or is this just natural? Continue reading. LONG TERM GOLD First…

  • Technically Precious with Merv

    Published 19 September 2006 | viewed 4,160 times

    Well, we now know the path of least resistance, and that is in a depressing direction. Nothing yet in the horizon that would provide the…

  • Technically Precious with Merv

    Published 06 September 2006 | viewed 4,482 times

    As one reader pointed out, since the top in May gold has been making lower highs and higher lows. It's come almost to a point…

  • Technically Precious with Merv

    Published 29 August 2006 | viewed 3,477 times

    Enthusiasm for gold continues to dry up. Trading volume this past week was one of the lowest for some time. Where, oh where are those…

  • Technically Precious with Merv

    Published 22 August 2006 | viewed 4,821 times

    Four days down, one day up, not the makings of a new bull trend. Gold broke its up trend but silver has not. Maybe there…

  • Technically Precious with Merv

    Published 13 August 2006 | viewed 3,088 times

    GOLD LONG TERM First, looking at our long term P&F chart (shown last week) there has been no new action to speak of. We are…

  • Technically Precious with Merv

    Published 06 August 2006 | viewed 3,679 times

    The week started out okay but got weaker as the days progressed. There seems to be no real panic to get back into the gold…

  • Technically Precious with Merv

    Published 17 July 2006 | viewed 4,238 times

    Flames erupting, buildings collapsing and gold rising, but where are the professionals? Lack of volume suggests professionals may be expecting "peace in our time" and…

  • Technically Precious with Merv

    Published 10 July 2006 | viewed 4,280 times

    A shortened week with nothing much really happening. Everyone should be back this week and we should see the market rumble again. GOLD LONG TERM…

  • Technically Precious with Merv

    Published 03 July 2006 | viewed 4,428 times

    It was a quiet week but Friday sure got rid of that fast. One day and that may be it. Are we back to the…

  • Technically Precious with Merv

    Published 19 June 2006 | viewed 4,458 times

    Ouch! That wasn't any better than the previous week. This is still a weak gold market. Let's see how weak. GOLD LONG TERM I was…

  • Technically Precious with Merv

    Published 12 June 2006 | viewed 5,037 times

    Boy! Another week or two like the last one and a guy could get discouraged. BUT after every decline there is a silver lining somewhere…

  • Technically Precious with Merv

    Published 05 June 2006 | viewed 4,779 times

    Some charts are starting to look very weak suggesting a serious correction but I'm not convinced that the bull is over. Let's take a look.…

  • Technically Precious with Merv

    Published 29 May 2006 | viewed 26,194 times

    The radio and TV commentators are saying the commodity bear, short as it was, IS OVER. But what do the charts tell us? They are…

  • Weekly Commentary

    Published 23 May 2006 | viewed 5,027 times

    The smelling salt, the smelling salt, someone get the smelling salt. So many "investors" fainting from excitement. Get a grip, look at the charts, it's…

  • Weekly Commentary

    Published 15 May 2006 | viewed 4,980 times

    There just seemed to be no stopping gold, and then along came Friday. Even then gold seemed to perk up near the end of the…

  • Weekly Commentary

    Published 08 May 2006 | viewed 5,474 times

    Silver is taking a rest but gold just keeps on moving. Gold stocks are giving a mixed message depending on what you are looking at.…

  • Weekly Commentary

    Published 01 May 2006 | viewed 3,592 times

    WOW! New highs again, Go GOLD, go SILVER, Rah, Rah, Rah. But are we near the start, in the middle or nearing the end of…