Gold •141 days | 2,368.70 | +35.30 | +1.51% | |
Platinum •15 mins | 968.70 | -1.80 | -0.19% | |
WTI Crude •10 mins | 70.23 | +0.13 | +0.19% | |
Gasoline •17 mins | 2.058 | -0.001 | -0.05% | |
Ethanol •141 days | 2.161 | +0.000 | +0.00% | |
Silver •141 days | 30.82 | +1.16 | +3.92% |
Silver • 141 days | 30.82 | +1.16 | +3.92% | ||
Copper • 141 days | 4.530 | +0.111 | +2.51% | ||
Brent Crude • 10 mins | 74.33 | +0.10 | +0.13% | ||
Natural Gas • 10 mins | 3.419 | +0.080 | +2.40% | ||
Heating Oil • 37 mins | 2.276 | +0.002 | +0.07% |
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's been a quiet week in the precious metals. The action has been basically lateral with some upward bias. Friday was good but probably with…
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Good week but on pathetic daily trading volume. Professionals still on vacation ??? Let's see where we are. GOLD LONG TERM Semi-Log Scale I was…
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Scary? Maybe, but we've been there before. $21 (or 3%) drop in gold price is not so unusual. What next? Let's take a quick look…
You'll sleep better at nights if you just focused on the intermediate or longer term trends. As an example, both moving averages of gold remained…
And away we go. The plunge of the previous week is almost corrected - except for the volume. On the whole, speculators are still leery…
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So, this is what it looks like when you go over the cliff. Danger, professionals at work, do not try this on your own. With…
Weekly Technical Information and Ratings Larger Image
All in all, a pretty good week. The major gold Indices are finally breaking out of their year long lethargy and may be making a…
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Nice little rally in the precious metals but for now the emphasis is on the "little". Rallies happen, longevity is rare. Let's take a closer…
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Despite a small up tick near the week-end gold is still tracing a slow and steady downward slope. Will it accelerate or come to an…
Gold just can't seem to get any steam for a good rally. Weakness seems to be the direction of least resistance. GOLD LONG TERM Still…
Weekly Technical Information and Ratings Click to open larger image in new window.
With 93% of the "quality" stocks on the rise and only 40% of the gambling variety on the rise this was a "quality" week in…
WOW! Nibble, nibble, nibble then plunge, plunge. Now what should we expect? Five days of down side, one should expect a few up sides BUT…
A bounce off the long term moving average line and it looks like more smiles ahead. What could go wrong? We'll soon know if anything.…