One thing about silver is that it walks to a different drummer than what the gold pattern has created. The same “B” wave triangle was a rising “B” wave. Even the gold stock ETFs were pointing down much like silver, and not gold. When we pay too much attention to gold, we are being brainwashed and ignore silver in the process. This silver cash is only about $1.80 away from breaking a new record low which would be below $13 which is a Fibonacci number. In order for silver to be very bullish, it would have to surpass and exceed all those inverted zigzags I show presently.
Any triangle always forces a wave position to change degree levels, which can be 1 or even 2-degree level changes. In this case an Intermediate degree, and a Primary degree bottom at the same time.
The US dollar hasn’t died yet, as it just wants to keep pushing higher, keeping all gold related investments subdued at best. Silver had a very choppy rally that defies any impulse specifications, so I see this as just another bear market rally fooling the majority of investors.
What the majority of gold investors don’t understand is that the 2011 peak was a 30-year “mania” commodities peak counting from the 1980 inflationary peak, with a ± 1-year error rate. So 2011 was 30 years plus 1! Your next Supercycle commodities peak will come in 2041, which I will never see, but my grandkids will certainly live and invest in.
Diagonal wave structures dominate commodities as they have been doing that for the entire Submilllennium degree wave 3. I have created a template and an idealized chart in a very large format like 24×55 inches. 2 for diagonal wave patterns and 2 for the impulse wave patterns. These were professionally scanned by wide format scanners so the originals will print out 24×55 inches if so desired. Postage size charts just won’t cut it with me, as even 8×10 printouts are better than the shit we inside our computers.