HUI 2000-2011: Another “C” Wave Bull Market?

 

This wave count is different than anything I have publish as I changed the 1980 peak and the 2000 bottom in the HUI is a Primary Degree “B” wave bottom. Before readers freak out and think this can’t happen, then you don’t know the diagonal wave structure. The entire commodity Submillennium wave 5 sequence is diagonal based. Evidence of that fact also shows up in the pre 1920’s of the DJIA as for 300 years or more the entire world was based on commodities, with coal being the main low cost energy source that built all early England and America. Of course the rest of the world also benifited. The Roaring  20s is when the stock markets invented other financial instruments to invest in, after which the DJIA no longer acted like a commodity.

I though long and hard already about the “C” wave bull market, and I’m very confident it will not do any damage to my present Cycle degree wave four bear market.

What it can change is wave 5 in Cycle degree as it may also be another huge zigzag bull market. The entire world of wave analysts are stuck in impulse mode, as they count everything that goes up as an impulse. Trying to force 5 waves into a bull market like all the experts do, goes against my grain of not forcing wave counts.

I will slowly switch all my gold and silver ETFs to a Primary degree “C” wave peak for 2011. If we do some quick math then this Primary degree zigzag was 31 years long.  I already made up a gold wave count containing a zigzag in Primary degree but I will not post it for a little while longer.  All my work is between Cycle degree wave positions, which is a minimum of two degrees lower than the rest of the waver herd in the rest of the world. Cycle degree comes before any SC degree can happen, so if I’m wrong I will be the first to know about it as well.

I also calculated another Gold/Hui ratio today, which was about 7.3:1. This is only a little cheaper than the April, 1, 2018 ratio of 7.05:1.  A cheap Gold/Hui ratio would be around 10:1.

 

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