Most Popular
1. It’s a New Macro, the Gold Market Knows It, But Dead Men Walking Do Not (yet)- Gary_Tanashian
2.Stock Market Presidential Election Cycle Seasonal Trend Analysis - Nadeem_Walayat
3. Bitcoin S&P Pattern - Nadeem_Walayat
4.Nvidia Blow Off Top - Flying High like the Phoenix too Close to the Sun - Nadeem_Walayat
4.U.S. financial market’s “Weimar phase” impact to your fiat and digital assets - Raymond_Matison
5. How to Profit from the Global Warming ClImate Change Mega Death Trend - Part1 - Nadeem_Walayat
7.Bitcoin Gravy Train Trend Forecast 2024 - - Nadeem_Walayat
8.The Bond Trade and Interest Rates - Nadeem_Walayat
9.It’s Easy to Scream Stocks Bubble! - Stephen_McBride
10.Fed’s Next Intertest Rate Move might not align with popular consensus - Richard_Mills
Last 7 days
Stocks, Bitcoin and Crypto Markets Breaking Bad on Donald Trump Pump - 21st Nov 24
Gold Price To Re-Test $2,700 - 21st Nov 24
Stock Market Sentiment Speaks: This Is My Strong Warning To You - 21st Nov 24
Financial Crisis 2025 - This is Going to Shock People! - 21st Nov 24
Dubai Deluge - AI Tech Stocks Earnings Correction Opportunities - 18th Nov 24
Why President Trump Has NO Real Power - Deep State Military Industrial Complex - 8th Nov 24
Social Grant Increases and Serge Belamant Amid South Africa's New Political Landscape - 8th Nov 24
Is Forex Worth It? - 8th Nov 24
Nvidia Numero Uno in Count Down to President Donald Pump Election Victory - 5th Nov 24
Trump or Harris - Who Wins US Presidential Election 2024 Forecast Prediction - 5th Nov 24
Stock Market Brief in Count Down to US Election Result 2024 - 3rd Nov 24
Gold Stocks’ Winter Rally 2024 - 3rd Nov 24
Why Countdown to U.S. Recession is Underway - 3rd Nov 24
Stock Market Trend Forecast to Jan 2025 - 2nd Nov 24
President Donald PUMP Forecast to Win US Presidential Election 2024 - 1st Nov 24
At These Levels, Buying Silver Is Like Getting It At $5 In 2003 - 28th Oct 24
Nvidia Numero Uno Selling Shovels in the AI Gold Rush - 28th Oct 24
The Future of Online Casinos - 28th Oct 24
Panic in the Air As Stock Market Correction Delivers Deep Opps in AI Tech Stocks - 27th Oct 24
Stocks, Bitcoin, Crypto's Counting Down to President Donald Pump! - 27th Oct 24
UK Budget 2024 - What to do Before 30th Oct - Pensions and ISA's - 27th Oct 24
7 Days of Crypto Opportunities Starts NOW - 27th Oct 24
The Power Law in Venture Capital: How Visionary Investors Like Yuri Milner Have Shaped the Future - 27th Oct 24
This Points To Significantly Higher Silver Prices - 27th Oct 24

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

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.


© 2005-2022 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