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

As suggested here recently gold hit its upward sloping “box” pattern resistance level and reacted downward. There is just too many indicators pointing to a continuing for the reaction, possibly even below the “box” support. At this point...
Merv’s Gold and Silver 100 Index of 100 gold and silver stocks was up over 10% this past week. That’s an average increase of over 10% for all the stocks in the Index. However, the widely followed PHLX Gold/Silver Index was up 14.8% on...
NOT time to panic, YET…but time to be on your guard. Many analysts claim that if you decide that a security is not a BUY, then it must be a SELL. There is, of course, a great space between these two conditions. That space is occupied by...
Gold started the week on the downside but ended ahead by 1.7%. Now, if it only does this every week, we’ll really have a good bull market. However, things do not happen that conveniently. There will be ups and downs as time goes by....
Although gold ended the week very slightly on the up side, its roller coaster action put it into a very dangerous position. Let’s take a look at the technical picture as it ended the week.
Well, it looks like I sort of called it last week. Now, where are we this week…and more importantly, where are we headed? As this week’s chart shows, it’s basically been a bummer last week. One day up but the rest down. This has caused...
Gold seems to be on a tear for the past few months…so I thought maybe it’s time to come out of hibernation and take a look at it. As old timers might remember, I come across from the purely technical discipline…and more specifically I try...
With the gold fever that took place on Thursday I thought I’d post my two cents worth as to what it all means, or doesn’t mean. I was initially going to do my normal long, intermediate and short term technical summary of the gold action...
In my last missive, in early January, I sure was on target. First was the suggestion that the DIREXION Daily Gold Miners Bull 3X ETF was on a short term move to its previous high of $60 (it hit $59.50) but with the added suggestion that...
Today’s Technically Precious missive is just a brief note to suggest that we may be close to a new bull move in gold stocks, primarily the speculative kind. Nothing is yet set in stone but the initial indications are there.

Pages

In 1792 the U.S. Congress adopted a bimetallic standard (gold and silver) for the new nation's currency - with gold valued at $19.30 per troy ounce