On quick posts I will not fill in every little fricken wave, as I count during the day all the time with my finger and eyes! When you see any wave counting analysts fill in every little wave then that wave count is feeding you a bunch crap! I may be nasty about this but I’m sugar coating it for sure. The gold bulls are ignoring silver and it is just $2.50 or so away from a new bear market low. The magic number is $13 and as soon as silver hits below $13, then the 3 year bull market comes to an end! The gold bulls call it a bull market!
I call it a bear market rally and they always have to retrace themselves. It may take another month and when it does how do you justify silver to go to new record lows and gold soar? Give me a break! It will be silver that will drag down gold. We have a Cycle degree zigzag to go through so silver could hit $8 and when it gets between to the Cycle degree wave 4 low then silver and gold bullion will be in a major Buy&Hold that will last to the next SC degree wave three top in 2041 and 2071, and 2101. $400 for gold. I can give you the two most important wave positions for gold and silver but I always have to visualize it first for months and then draw it out by hand and white board to make sure it has a very tight fit. 2101 is Submillennium wave 3 top in gold and silver. So you can understand how important it is to test Cycle degree wave 3 as it will be the base for the next hundred years that the younger generation of wave analysts may be able to use. The 30 year cycle is real and it is so reliable you could set a watch on it. Mind you it would have to be a grandfather clock!
I have to see my patterns first before I count them out, as wave counting is only the secondary act to confirm what you see.
If the entire crop of wave analyst do not see a bear market rally in silver then it is a good idea to short their views. The market is not always right, as it’s a liar and a cheat, and it will rip you off with it’s mood swings. It is the wording that I use when somebody says that the “markets are always right”
It is the job of Cycle degree wave analysis to become the bullshit detector which I think it does an excellent job.