I've recently read a book by Svensmark and Calder called "The Chilling Stars". Also looked up the pilot study of cloud formation by cosmic rays by the CERN CLOUD experiment.
http://www.atmos-chem-phys.org/10/1635/2010/acp-10-1635-2010.html
It seems that the flux of cosmic rays drives the low level cloud cover on Earth. More cosmic rays means more clouds, because the rays provide charged particles (muons) for nucleation. The more clouds, the cooler is the Earth.
The flux of cosmic rays is modulated in small degree by the Earth's magnetic field, which is weakening, and more so by the Sun's magnetic field, which is also weakening, albeit from a very high strength.
But other factors also come into play. The Sun orbits the Milky Way every 240 million years, wanders in and out of the 4 galactic arms and bobs up and down through the plane of the galactic disc. This affects the count of cosmic rays, and these motions are associated by Svensmark with warming and cooling periods in Earth's history.
The strongest cosmic rays are thought to originate in exploding stars called supernovae. Formations of new stars and exploding old stars vary from time and place in the galaxy. According to Calder and Svensmark, the cosmic conditions right now are such that we might be able to look forward to relatively stable climate for some time, and that a new ice age, while inevitable, is some way off.
Respectfully submitted,
Steve