Gold •171 days | 2,368.70 | +35.30 | +1.51% | |
Platinum •15 mins | 936.40 | +12.90 | +1.40% | |
WTI Crude •1 day | 69.46 | +0.08 | +0.12% | |
Gasoline •1 day | 1.942 | +0.019 | +0.98% | |
Ethanol •171 days | 2.161 | +0.000 | +0.00% | |
Silver •171 days | 30.82 | +1.16 | +3.92% |
Silver • 171 days | 30.82 | +1.16 | +3.92% | ||
Copper • 171 days | 4.530 | +0.111 | +2.51% | ||
Brent Crude • 1 day | 72.94 | +0.06 | +0.08% | ||
Natural Gas • 1 day | 3.748 | +0.164 | +4.58% | ||
Heating Oil • 1 day | 2.232 | -0.006 | -0.27% |
Contributor since: 26 Feb 2010
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.
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.…
Weekly Technical Information, Ratings and Comments Click to open larger image in new window.
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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.…
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…
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…
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…
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.…
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…