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Gold •171 days 2,368.70 +35.30 +1.51%
Platinum •10 mins 936.40 +12.90 +1.40%
WTI Crude •1 day 69.46 +0.08 +0.12%
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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%
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Heating Oil • 1 day 2.232 -0.006 -0.27%
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Merv Burak

Merv Burak

Contributor since: 26 Feb 2010

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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 12 July 2010 | viewed 0 times

    After a sharp drop leading into the long weekend last week gold seemed to have just taken a breather and moved sideways this week. I…

  • Technically Precious with Merv

    Published 05 July 2010 | viewed 0 times

    Feet on the stool, beer in hand I'm TV watching the Queen in Ottawa (it's Canada's birthday after all) how was I to know that…

  • Technically Precious with Merv

    Published 19 June 2010 | viewed 0 times

    We're into new all time highs in gold, inflation non-adjusted. Still the move does not have the momentum (strength) behind it to give us all…

  • Technically Precious with Merv

    Published 14 June 2010 | viewed 0 times

    The week started out well but didn't finish as such. Although gold made new highs it was not decisive. Should gold drop below the $1216…

  • Technically Precious with Merv Week Ending 07 May 2010

    Published 08 May 2010 | viewed 0 times

    The saying "looks too good to be true" just seems to fit the latest gold activity. I like the action but something just doesn't jive.…

  • Technically Precious with Merv Week Ending 30 April 2010

    Published 03 May 2010 | viewed 0 times

    Except for Thursday it was a pretty good week. So why am I feeling a little cautious? The action behind the latest up trend in…

  • Technically Precious with Merv

    Published 12 April 2010 | viewed 0 times

    It's been a good week for gold, actually a good two and a half weeks. Gold looks to be on another tear and is heading…

  • Technically Precious with Merv

    Published 20 March 2010 | viewed 2,429 times

    Four up days almost all disintegrated in one day. We seem to be getting too many sharp down days over the past few months, or…

  • Technically Precious with Merv

    Published 15 February 2010 | viewed 2,206 times

    The weekly action has been primarily to the up side but still we've gone no place. Since Dec gold has formed a downward sloping wedge…

  • Technically Precious with Merv

    Published 08 February 2010 | viewed 2,292 times

    Gold looks great if you turn the page upside down. Otherwise, one might just stay away for a while until the dust settles. The NYMEX…

  • Technically Precious with Merv

    Published 01 February 2010 | viewed 2,094 times

    The week has seen no major moves in gold, either way. However, the price is sitting right on top of a support area and a…

  • Merv's Non-Edibles Futures Page

    Published 16 January 2010 | viewed 2,046 times

    Weekly Technical Information and Ratings Larger Image  

  • Technically Precious with Merv

    Published 16 January 2010 | viewed 2,669 times

    Unexpected events often have a shock effect on the markets. The shock may last for some time or go away quickly. As far as the…

  • Technically Precious with Merv

    Published 10 January 2010 | viewed 2,731 times

    The first full week of trading in three weeks has been kind of positive but not all that bullish. Speculators are slowly dragging themselves away…

  • Technically Precious with Merv

    Published 20 December 2009 | viewed 3,197 times

    Thursday was a bummer. Is there a disaster ahead? The "blow-off" is continuing as expected but for how long? Questions, questions, but do we have…

  • Technically Precious with Merv

    Published 14 December 2009 | viewed 2,126 times

    The rough period in gold is upon us. Now the question is for how long? I'll let others answer that question. I'll just follow the…

  • Technically Precious with Merv

    Published 05 December 2009 | viewed 3,997 times

    That "blow-off" line shown last week has been breached this Friday and I'm afraid we're in for some rough sailing ahead, at least for a…

  • Technically Precious with Merv

    Published 30 November 2009 | viewed 2,621 times

    It looked like a rough time on Friday but gold rebounded and in the end it wasn't all that bad. Where does that leave us…

  • Technically Precious with Merv

    Published 23 November 2009 | viewed 2,239 times

    The move in gold since late October cannot be maintained. Is there a rest or reaction ahead? Let's see what the indicators say. ONLY FOR…

  • Technically Precious with Merv

    Published 16 November 2009 | viewed 2,379 times

    Boy, you go away for a few days and all hell breaks loose. When last I looked gold was looking weak. Now, three weeks later…

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