Mervyn Burak

Merv is a retired Aerospace Engineering consultant.  He is also a retired market technician with over 40 years of market experience and research.  Merv received his certification as a Chartered Market Technician (CMT) in 1992. Developer of many technical techniques and programs which he has been using in his previous Technically Speaking with Wil-Arm and Technically Precious with Merv commentaries posted throughout the globe.  Developer of several gold and silver Indices, Merv continues to update his Merv’s Gold & Silver 100 Index and Merv’s Penny Arcade 50 Index and reviews them during his periodic on-going Technically Precious commentaries. 

Articles by Mervyn Burak

Before the holidays I could see a possible short-term rally coming in gold, which it did. Now, it just looks like the rally may be over. Technically, the rally continues and I can’t put my finger on it…but I just get this feeling that...
Well, gold has almost reached my $1100 projected mark, so what’s next? Looking at my long-term point and figure (P&F) chart it looks like the $900 mark is next in line. At the Friday close gold futures were in a free fall, well not...
Gold continues its bearish trend - and everyone wants to know what is causing it to go lower. Well, you wouldn’t find the cause here as I will be the first to confess that I don’t have a clue what is causing the decline. I don’t think that...
The 658% bull move mentioned here a couple of weeks ago is temporarily postponed, until the snowflakes get a grip. Let’s see how that $1,200 support level holds up (well, I think I mentioned $1,190 previously but what’s a few dollars here...
Do you believe that history repeats itself? If you do, then we just might be in for a 658% bull move in gold, to the $7,921 level (give or take a few pennies). That’s the type of bull move we had during the 2001 thru 2011 period (see...
Gold plunged through support a few weeks ago…followed by a basic lateral move. Speculators are now waiting for the next move, but which way? Here again we have to go to our technical picture to see what the odds are one way or the other.
Three months and what do we have but a steady slightly negative drift in the price of gold. However, nothing lasts forever…so we just might see some volatile action soon. What will precipitate it? Who knows? And in what direction will...
My long-term projection to the $2150 level is still operative. However, the short and intermediate-term look decidedly grim. Unfortunately, gold will track up or down depending more on world politics than any fundamental considerations....
I couldn’t think of a catchy title, so I thought I’d just throw that one out. There are some who think that a gold crash is just down the road. The chart of the Market Vectors Jr. Gold Miners ETF (see below) seems to be pointing in that...
Although gold is in what I would call a lateral holding pattern, the latest action is not all that encouraging. Gold and silver stocks are something else. They are most definitely weakening - and may be foretelling what gold and silver...

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The 1849 Gold Rush sped up California's admission to the Union as the 31st state in that year.