Best of the Week
Most Popular
1.North Korean Chinese Proxy vs US Military Empire Trending Towards Nuclear War! - Nadeem_Walayat
2.Researchers Find $10 Billion Hidden Treasure In A Dead Volcano - OilPrice_Com
3.Gold and Silver : The Battle for Control - Rambus_Chartology
4.Asda Sales Collapse and Profits Crash! UK Retailer Sector Crisis 2017 - Nadeem_Walayat
5.Deep State Conspiracy or Chaos - James_Quinn
6.The Stock Market Guns of August, Trade Set-Up & Removing your Rose Tinted Glasses - Plunger
7.Gold Stocks Coiled Spring - Zeal_LLC
8.Neil Howe: The Amazon-Walmart Rivalry Will Determine the Future of Retail - John_Mauldin
9.Crude Oil Price Precious Metals Link in August - Nadia_Simmons
10.Gold and Silver Precious Metals Nearing Breakout - Jordan_Roy_Byrne
Last 7 days
The Stock Market No Longer Cares About Trump - 21st Aug 17
The Coming Boom Of Productivity Will Get Our Economy Back On Track - 21st Aug 17
Buffett Sees Stock Market Crash Coming? His Cash Speaks Louder Than Words - 21st Aug 17
This Could Be The Biggest Gold Discovery In History - 21st Aug 17
Stock Market Correction in Full Swing - 21st Aug 17
Seeking Confirmations – US Stock Market - 21st Aug 17
The changing demographic of online gamblers - 21st Aug 17
Gold is a coiled spring… the breakout is here, fundamentals are in place, technicals are compelling - 20th Aug 17
A Midsummer Night's Dream: Buy Gold and Silver - 20th Aug 17
Gold Mining Stocks 2017 Fundamentals - 20th Aug 17
EIA Weekly Report and Crude Oil - 19th Aug 17
4 Insights for Adjusting Your Portfolio in a Rate-hike Environment - 19th Aug 17
Gold Direction Indicator - 19th Aug 17
Historical Inevitability and Gold and Silver Ownership - 19th Aug 17
You Are Being Lied To About “Low” Gold Demand - 19th Aug 17
This is Why Cocoa's Crash Was a Perfect Setup - 19th Aug 17
Gold, Silver Consolidate On Last Weeks Gains, Palladium Surges 36% YTD To 16 Year High - 19th Aug 17
North Korea Is Far From Being Irrational… It Has A Plan - 18th Aug 17
US Civil War - FUNCTIONAL ILLITERATES TRYING TO ERASE HISTORY - 18th Aug 17
Bitcoin Hits New All-Time High Over $4,400 As It Catches Paypal In Total Market Cap - 17th Aug 17
3 Psychological Ingredients behind Great Web Content - 17th Aug 17
The War on Cash - Rogoff, Orwell and Kafka - 17th Aug 17
The Stock Market Guns of August, Trade Set-Up & Removing your Rose Tinted Glasses - 16th Aug 17
Stocks, Bonds, Interest Rates, and Serbia, Camp Kotok 2017 - 16th Aug 17
U.S. Stock Market: Sunrise ... Sunset - 16th Aug 17
The Next Tech Crash Could Delay Your Retirement by a Decade - 15th Aug 17
Gold and Silver Precious Metals Nearing Breakout - 15th Aug 17
North Korea Showdown: Pivotal Market Turning Point - 15th Aug 17
Tech Stocks DOT COM Bubble Do-Over? - 14th Aug 17
Deep State Conspiracy or Chaos - 14th Aug 17
From the Trans-Atlantic Axis and the Trans-Asian Axis - 14th Aug 17
Stock Market Intermediate Correction Underway - 14th Aug 17
The Islamic State Jihadi Pivot to Asia - 13th Aug 17
Potential Pivots Upcoming for Stocks and Gold - 13th Aug 17
North Korean Chinese Proxy vs US Military Empire Trending Towards Nuclear War! - 12th Aug 17

Market Oracle FREE Newsletter

3 Videos + 8 Charts = Opportunities You Need to See - Free

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: 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.


© 2005-2017 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

Catching a Falling Financial Knife