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Gold •387 days 2,368.70 +35.30 +1.51%
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WTI Crude •11 hours 65.16 -0.87 -1.32%
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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 06 December 2008 | viewed 3,666 times

    Okay. So maybe we're not yet in a roaring new bull market. The next level to watch would be the $700 level, if it gets…

  • Technically Precious with Merv

    Published 01 December 2008 | viewed 3,384 times

    Is this September all over again, a sharp couple day rally and then a more casual topping out and decline? This time the rally didn't…

  • Technically Precious with Merv

    Published 08 November 2008 | viewed 4,746 times

    Having been away last week didn't seem to have made much difference. Gold is just about where it was when last I reviewed it here…

  • Technically Precious with Merv

    Published 11 October 2008 | viewed 4,117 times

    While the world's markets were dropping like a rock all week long gold was moving higher, until Friday. Almost the full week's gains were whipped…

  • Technically Precious with Merv

    Published 04 October 2008 | viewed 4,083 times

    The magnification factor at work, on the down side. Gold drops less than 5% while gold stocks drop more than 15%. It worked on the…

  • Technically Precious with Merv

    Published 29 September 2008 | viewed 3,963 times

    After a sharp move on Monday it seemed that gold bugs just threw in the towel and stepped to the sidelines. The rest of the…

  • Technically Precious with Merv

    Published 20 September 2008 | viewed 3,459 times

    Boy! What a week. Nobody seems to have a handle on what the heck is really going on. After a sharp day and a half…

  • Technically Precious with Merv

    Published 15 September 2008 | viewed 5,900 times

    We had an upside day on Friday but that was about it. We might get a rally here but there is no indication that a…

  • Technically Precious with Merv

    Published 08 September 2008 | viewed 4,520 times

    Tuesday took all of the steam out of the two week rally but then that was it. The rest of the week was basically a…

  • Technically Precious with Merv

    Published 01 September 2008 | viewed 4,087 times

    The market was somewhat positive during the week but that impression seems to fall apart when one takes a good look at the daily figures.…

  • Technically Precious with Merv

    Published 25 August 2008 | viewed 4,136 times

    Gold was basically in a bounce mode this past week but unfortunately closed on the down side on Friday. It needs a lot more upside…

  • Merv's Non-Edibles Futures Page

    Published 18 August 2008 | viewed 1,809 times

    Weekly Technical Information and Ratings   Larger Image  

  • Technically Precious with Merv

    Published 18 August 2008 | viewed 2,236 times

    Well I guess this past week will be remembered for both gold and silver, with silver declining twice as fast as gold. Stocks also took…

  • Merv's Non-Edibles Futures Page

    Published 04 August 2008 | viewed 2,457 times

    Weekly Technical Information and Ratings   Larger Image  

  • Technically Precious with Merv

    Published 04 August 2008 | viewed 2,743 times

    Zig, zag, but more zag than zig. Very strong support at the $850 level and that may be where gold is headed. Will it hold…

  • Merv's Non-Edibles Futures Page

    Published 23 June 2008 | viewed 2,152 times

    Weekly Technical Information and Ratings   Larger Image  

  • Technically Precious with Merv

    Published 23 June 2008 | viewed 2,920 times

    Gold was up every day this past week (and Friday of the previous) and still not really showing any great upside strength. Gold bugs always…

  • Merv's Non-Edibles Futures Page

    Published 16 June 2008 | viewed 2,547 times

    Weekly Technical Information and Ratings   Larger Image  

  • Technically Precious with Merv

    Published 16 June 2008 | viewed 3,018 times

    These $10 and $20 moves are quite frustrating, especially those on the down side, BUT if one looks closely on a chart there might be…

  • Technically Precious with Merv

    Published 19 May 2008 | viewed 3,137 times

    Friday looked like a break away but there is still some rough territory ahead to overcome. The $950/$960 area may be formidable. GOLD LONG TERM…

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