Solar Cycle 24 August Update.

This more of a technical look at the solar cycle with each dot, it represents the previous month’s sunspot activities. Last month was pretty dead as we had long stretches where the face of the sun was blank.

This is normal as the same thing happened back in 2008-2009.

The first peak in late 2011 matched the gold peak after which the secondary peak happened in early 2014.  2011 matches the gold and silver mania peak which is not a coincidence.

They do alternate, repelling and attracting prices here on earth.

The sun is what controls climate change, not some invisible CO2 gas that all the experts claim. The world is freaking out as more and more countries scream “Climate Emergency”.

Much of Canada is claiming a climate emergency, but yet they want to let in many climate refugees.  Wow, what a contradiction and when you are faced with a contradiction then at least 1 or more of our premises is wrong!

This is so true with any wave count we can produce as well. In the TV show, Jesse Stone solves a triple murder by going over the premises over and over.

Right now, it may take until 2021 for solar cycle 24 to end, but solar cycle 25 will already be in the mix. Solar cycle 25 should be very bullish for stocks but the next few years should tell us more.

 

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DOW Mini Index Review

I have gone over the entire bull market since the 2009 bottom and I may have missed an extension. Also since the December 2018 bottom, a set of 5 waves developed also containing an expanded pattern after which we had a July peak after which the DOW started another bearish move.

Expanded patterns show in 4th wave corrections frequently, so that also fits better. If our present move is a wave 2, then there should be no more new record highs. Many more gaps show up with this chart so anyone of them can get closed in the next few months or so.

This is all coming down to the wire but all it takes is the wrong kind of news and the DOW will make another leg down.

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Silver Weekly Chart 2011-2019 Review

One reason that not too many wave analysts work on silver as it just does not play well with gold. It is a difficult task alright as the choppy waves overlap dramatically.

When that happens then diagonal wave structures are in force like they are in “All” commodities.  Silver didn’t even get past the Aug 1, 2016 high of $20.76, while gold left silver in the dust!

Last weeks spike peak which I look for are my sell signals, regardless of how they might say silver will go to.  Catching up to silver seems to be the battle cry most of the time, but the same thing happened at the 2011 peak.  I have returned to silver as a 4th wave rally which I have used for some time before.

A new zigzag should form but that impending zigzag should take out all double bottom support. Just by dropping down one degree pushes any “A” wave in Primary degree into the future in the next year or so.

Any drop in the silver price below $13.50 would confirm that silver was just a bear market rally. All silver needs to do is drop a bit more than $6 from today’s highs.

From 1980 to about 1999 silver was in a 19-year bear market, so don’t expect a 10-year bear market to finish a Cycle degree bear market just yet.

 

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Gold Weekly Chart 2011-2019 Bear Market Review.

Well, folks, in the last week I printed out many charts like this and switch back and forth to line type settings.

The gold rally ended Sept, 5 at $1555. Is $1555 going to hold for the high of the year, will gold still soar like many of the talking heads say it will.

At the gold peak, many aggressive gold forecasts were made, just like they have done many times before.

I think gold is fooling us with its bullish pattern while silver showed us it couldn’t care less. By making the 2011 decline into diagonal decline, makes the 2015 bottom only a wave 3 in Intermediate degree.

Readers know I have done this before and a switch works best at the turning of a month.

Gold needs to show us another zigzag decline in Minor degree which could take more than a year and it moves the Primary degree “A” wave into the future as well.

Dropping the gold bear market down by just one degree sends the Primary degree “A” wave back into inventory. Gone by the stroke of a pen.

There is no price support here because I question support for what? Just because gold had a very bullish run does not mean a true bull market is in play or has started!

I’m sure the day will come when gold crashes below $1400 again, but any move now has to show us that a zigzag 5th wave in Minor degree is going to start.

We have had about 8 strong bullish rallies since the 2011 peak and most of them failed and when it wants to gold’s price could drop $50-$100 at a time.

I can make the silver wave count work better as a 4th wave decline, so silver may end up giving us an early clue when the “New” “A” wave in Primary degree appears.

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