Thursday, September 6, 2012

Silver ~ Update ~ 6 September 2012

It's been a very long time since I've posted an Elliott wave count for silver (early 2011: https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgg-JtHkHVw6C_1NbuThy542HEdgB2e6t3OG7K3X4QcGcy4p9hZ5KTy0g1AQsvigJGF-YHX62KC2S2_UbzfxDuSh9H2zz45ujtw1gjvJh4s2cHlShjRBBsGfxlaavsMWytTflAer_sloIE/s1600/silver01022011a.jpg).


Thus it's time for an updated count:



If 26$ is indeed the low of wave IV, wave V to new highs should now follow.

Interestingly, during wave I and III silver rose about 430% (433% in wave I and 427% in wave III). If we get another 430 % rally during wave V, the target would be 138 $ (!).