"No warning can save people determined to grow suddenly rich" - Lord Overstone
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Gold •171 days | 2,368.70 | +35.30 | +1.51% |
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Platinum •10 mins | 936.40 | +12.90 | +1.40% |
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WTI Crude •1 day | 69.46 | +0.08 | +0.12% |
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Gasoline •1 day | 1.942 | +0.019 | +0.98% |
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Ethanol •171 days | 2.161 | +0.000 | +0.00% |
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Silver •171 days | 30.82 | +1.16 | +3.92% |
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Silver • 171 days | 30.82 | +1.16 | +3.92% | |
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Copper • 171 days | 4.530 | +0.111 | +2.51% | |
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Brent Crude • 1 day | 72.94 | +0.06 | +0.08% | |
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Natural Gas • 1 day | 3.748 | +0.164 | +4.58% | |
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Heating Oil • 1 day | 2.232 | -0.006 | -0.27% |
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
The gold topping activity continues with the price moving sideways while momentum keeps getting weaker and weaker. Something's bound to break soon, will it be…
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Technically Precious with Merv
The latest thrust didn't quite make it into new all time high territory. What is it waiting for? Gaddafi talked, Ahmadinejad smiled, Chavez smelled, Obama…
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Technically Precious with Merv
Many speculators are getting all excited. Gold, above $1000, gee - that must mean the sky is now the limit. If only it was that…
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Technically Precious with Merv
The week started slow, ended slow but the middle was a blast. With a long week-end ahead one is brave to try and predict what…
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Technically Precious with Merv
Gold price continues to move towards the mouth of a megaphone pattern. The longer it stays within the megaphone the weaker a break-out may be.…
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Technically Precious with Merv
Marking time. Moving sideways. Nothing to see here. Gold is getting really boring. It continues to move sideways inside that megaphone pattern. A break-out is…
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Technically Precious with Merv
A little bit up, a little bit down but in the end getting nowhere during the week. Gold finished the week just about where it…
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Technically Precious with Merv
It was actually somewhat of a BLAH week in the market. Monday was gang busters and then nothing for the rest of the week. Gold…
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Technically Precious with Merv
The trend started to look good at the beginning of the week but petered out by week-end. Now, what's next? Well, despite what I might…
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Technically Precious with Merv
The U.S. Dollar Index rallied for a few days but is once more showing weakness. With all that debt and printed money, how can the…
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Technically Precious with Merv
Well, which is the driving force, the U.S. $ plunge or the gold price rise? Who cares as long as gold is on the rise,…
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Technically Precious with Merv
It's been a steady climb all week, even on minus days the lows were always higher. However, the action still is not enthusiastic. Not that…
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Technically Precious with Merv
Since reaching its recent high in late February gold has been tracking a basic downward path. It closed on Friday at a new reaction low.…
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Technically Precious with Merv
We've had a couple of very interesting days in the gold market this past week but in the end the up side prevailed. I'm not…
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Technically Precious with Merv
After eight straight days of decline we finally had a couple of up days in the price of gold. Still, the upside was not all…
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Technically Precious with Merv
The US $ broke through resistance but quickly dropped. A false break-out?? In the mean time gold just keeps on trucking. A very little more…
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Technically Precious with Merv
Since making its low last October gold has been making higher highs and higher lows. Friday took gold into new high territory since that October…
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Technically Precious with Merv
$30 up, $30 down but in the end nothing seems to be happening. Do those "professionals" who are capable of moving prices REALLY know what's…
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Technically Precious with Merv
Back after three weeks and it looks as if nothing has happened in the precious metals. Lots has, however, happened in the stocks and especially…
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Technically Precious with Merv
As the U.S. $ Index and the price of gold bullion seem to be moving in opposite directions one wonders once more who is leading…
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