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.
Mervyn Burak Articles
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.
I spent the decade of the 1960s in and around Los Angeles (Ah! them were the days). There was a music radio station that focused on the “oldies” (yes, there were oldies, older than the 60’s). I still remember their slogan, which went...
Not familiar with DrDoolittle but a few brief notes on the article. NUGT is compared with GDX. Both are ETFs and both are based upon the performance of the NYSE Acra Gold Miners Index (GDM). The NUGT IS NOT directly based upon the GDX.
It’s been a couple on months since my last missive. I’ve been waiting for some propitious moment where I can jump up and down and proclaim “the moment has come, the time is ripe, we’re on our way towards $2400” but that was not to be. ...
It’s been some time since my last Technically Precious with Merv missive so I thought it’s just about time for the occasional blast. Gold seems to be at a very critical juncture with commentaries all over the place. As long time readers...
It’s been some time since my last Technically Precious with Merv missive so I thought it’s just about time for the occasional blast. Gold seems to be at a very critical juncture with commentaries all over the place. As long time readers...
For week ending 9 December 2011
Gold continues to show lack of enthusiasm from speculators. Volume low, price going nowhere except slightly lower, not bullish for the road forward but things could change overnight.
GOLD
LONG TERM
Despite some volatile daily moves on the chart this past week, it looks like a sideways trend, even possibly a topping action. Let’s see.
GOLD
LONG TERM
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