Best of the Week
Most Popular
1. Ray Dalio: This Debt Cycle Will End Soon - John_Mauldin
2.Stock Market Dow Plunge Following Fake US - China Trade War Truce - Nadeem_Walayat
3.UK House Prices 2019 No Deal BrExit 30% Crash Warning! - Nadeem_Walayat
4.What the Oil Short-sellers and OPEC Don’t Know about Peak Shale - Andrew_Butter
5.Stock Market Crashed While the Yield Curve Inverted - Troy_Bombardia
6.More Late-cycle Signs for the Stock Market and What’s Next - Troy_Bombardia
7.US Economy Will Deteriorate Over Next Half Year. What this Means for Stocks - Troy_Bombardia
8.TICK TOCK, Counting Down to the Next Recession - James_Quinn
9.How Theresa May Put Britain on the Path Towards BrExit Civil War - Nadeem_Walayat
10.This Is the End of Trump’s Economic Sugar High - Patrick_Watson
Last 7 days
Gold Price – US$700 Or US$7000? - 16th Jan 19
Commodities Are the Right Story for 2019 - 16th Jan 19
Bitcoin Price Wavers - 15th Jan 19
History Shows That “Disruptor Stocks” Will Make You the Most Money in a Bear Market - 15th Jan 19
What Will the Stock Market Do Around Earnings Season - 15th Jan 19
2018-2019 Pop Goes The Debt Bubble - 15th Jan 19
Are Global Stock Markets About To Rally 10 Percent? - 15th Jan 19
Here's something to make you money in 2019 - 15th Jan 19
Theresa May to Lose by Over 200 Votes as Remain MP's Plot Subverting Brexit - 15th Jan 19
Europe is Burning - 14th Jan 19
S&P 500 Bounces Off 2,600, Downward Reversal? - 14th Jan 19
Gold A Rally or a Bull Market? - 14th Jan 19
Gold Stocks, Dollar and Oil Cycle Moves to Profit from in 2019 - 14th Jan 19
How To Profit From The Death Of Las Vegas - 14th Jan 19
Real Reason for Land Rover Crisis is Poor Quality of Build - 14th Jan 19
Stock Market Looking Toppy! - 13th Jan 19
Liquidity, Money Supply, and Insolvency - 13th Jan 19
Top Ten Trends Lead to Gold Price - 13th Jan 19
Silver: A Long Term Perspective - 13th Jan 19
Trump's Impeachment? Watch the Stock Market - 12th Jan 19
Big Silver Move Foreshadowed as Industrial Panic Looms - 12th Jan 19
Gold GDXJ Upside Bests GDX - 12th Jan 19
Devastating Investment Losses Are Coming: What Is Your Advisor Doing About It? - 12th Jan 19
Things to do Before Choosing the Right Credit Card - 12th Jan 19
Japanese Yen Outlook In 2019 - 11th Jan 19
Yield curve suggests that US Recession is near: Trading Setups - 11th Jan 19
How Unrealistic Return Assumptions Are Ruining Your Stocks Portfolio - 10th Jan 19
What’s Next for the US Dollar, Gold, Stocks & Bonds? - 10th Jan 19
America's New Africa Strategy - 10th Jan 19
Gold Mine Production by Country - 10th Jan 19
Gold, Stocks and the Flattening Yield Curve - 10th Jan 19
Silver Price Trend Forecast Target for 2019 - 10th Jan 19
Silver Price Trend Forecast 2019 - 9th Jan 19
Did Strong December Payrolls Push Gold Prices Up? - 8th Jan 19
How to Spot A Tradable Stock Market Top? - 8th Jan 19
Why 90% of Traders Lose - 8th Jan 19
Breadth is Very Strong While Stocks are Surging. What’s Next for Stocks - 8th Jan 19
Half of Investment-Grade Bonds Are Just One Step from Junk Status - 7th Jan 19
Stocks Rallied Again, Still Just an Upward Correction? - 7th Jan 19
Gold Golden Long-Term Opportunity - 7th Jan 19

Market Oracle FREE Newsletter

Bitcoin Analysis and Trend Forecast 2019

DOLLAR has recently damaged GOLD and SILVER- viewed in MRI 3D charts

Commodities / Gold and Silver 2017 Jun 14, 2017 - 02:52 PM GMT

By: Stephen_Cox

Commodities

About 10 days ago MRI Trading Signals posted a FEATURED article on the bottom of our home page titled DOLLAR CROSSROAD?  In it are 20 charts showing the potential impact a Dollar Index bottom would have on Gold and other exogenous markets.

This article is an update.  So far this week, DX has traded inside last week’s narrow range.  Once that changes Gold and Silver will react- perhaps dramatically.  Tomorrow, June 14, the FOMC minutes are released.

The MRI 3D Report recommended last Wednesday evening to buy DXU17 @ 96.660 LMT with a 0.220 sized 96.440 STOP GTC.  Friday showed to be a top (temporary?), so our updated 97.070 STOP GTC was elected Sunday and we’re flat thru the FOMC.


Let’s get to the heart of the topic.  Take a look at how just a slight uptick in DX on its MRI 3D buy signal, within the LCL (Logarithmic Closing Line) chart frame, has affected Gold (GCQ 17) and Silver (SIN17) dramatically to the downside.  It’s T I M E, now more than ever, to listen to what MRI 3D charts are telling us.

The following 4 DX Daily charts show their TIME and PRICE, within 2 of 4 Chart Frames MRI studies.  Last week on June 06, the DX Active Daily reached an important LCL 0.618 Fibonacci retracement, visible only in the LCL (Logarithmic Closing Line) Chart Frame.

MRI Trading Signals TIME and PRICE work within DEPTH of 4 separate chart frames (MRI 3D) finds the > 70 % of signals beyond the AR (Arithmetic Bar Chart), most traders never study.  Additionally, MRI’s 4 source based (Fibonacci, Lucas, W.D. Gann and my own Natural) TIME studies prove to be of absolute importance in MRI 3D analysis, utilizing both bar chart as well as closing line chart frames.  On Chart # 3 an explanation of our TIME numbers and natural sequences are annotated.

Now let’s take a look within the next 2 charts the huge bearish effect this new potential Dollar Index bottom has exerted on GOLD, since the DX, Daily LCL 0.618 X MAY02-DEC20’16 on JUN06 and LCL Trigger on JUN 07.  Then notice since last Friday’s DOLLAR TOP, just how little bullish effect this DX drop has had on GOLD.  Especially unimpressive is for GOLD to present on Friday Daily ACL 0.272 x MAR14-JUN06 plus AR 3/8 x MAY09-JUN06 on, which 500 points was risked on Sunday evening and stopped out Monday night.

Following the 2 Gold charts are 2 Silver Charts and their 4 source based MRI 3D TIME studies.

GCE (Daily) ACL TIME

GC (Daily) AR 11/16 + TIME

SI (Daily) TIME in ACL

SI (Daily) TIME in AR

In conclusion, in observation just how much weaker Silver has been in comparison to Gold since last December the bullish argument becomes debatable.  In the last 3 charts we’ve taken our custom study subtracting 1 GOLD from 1 SILVER in the Daily TIME FRAME, within its ACL CHART FRAME.  If the DOLLAR has bottomed here and gets a tailwind watch out below in the GOLD and SILVER related space.  Either way, we’ll continue to allow the markets to tell us their TIME and PRICE stories, within their 4 chart frames of DEPTH.

SI-GC (Daily) ACL SELLS

SI-GC (Daily) ACL Zoom

SI (daily) ACL SI-GC SELLS

Witten and published by Stephen Cox, founder of MRI Trading Signals and developer of MRI 3D TIME PRICE analysis within DEPTH of 4 Chart Frames- 3 of them beyond the arithmetic bar chart finding > 70 % of signals invisible to everyone else.

Video Introduction - https://mritradingsignals.com/the-science-of-mri-3d/

MRI Trading Signals Home Page - https://mritradingsignals.com/

Stephen Cox

Stephen Cox is a 4 decade trader and analyst who first started teaching his TIME and PRICE methods in 1989. MRI 3D is the culmination of his work in Time, Price and the 3rd dimension DEPTH. The MRI Trading Signals Subscription is purely performance based. The only way we keep our fee is by delivering 6%+ return in our hypothetical account, during the 30 Days subscription.

© 2017 Copyright Stephen Cox - All Rights Reserved Disclaimer: This is an paid advertorial. The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.


© 2005-2018 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in

6 Critical Money Making Rules