Economic Crisis Survival Board

[OldPro]

been waiting for silver low...

and following EW theory and Alf Fields. This guy tries to pick up where Fields left off since Fields hasn't posted for a while. He thinks silver has likely bottomed and heading much higher.

"Comments (25 April 2012): There are a number of indicators that today was the low in silver:

1. Climax selling volume.
2. Elliott Wave has reached the -21% level.
3. Spike low and an extremely bullish DRAGONFLY DOJI on the daily chart.
4. Price behavior nearly exact inverse of topping (37.58) action.
5. Mining stocks gained rather than continuing fall.
6. Gold/silver ratio gap at 54 closed.
7. One-year anniversary of silver high at 49.82.
8. No more FOMC until June.
9. Most importantly, this chart demonstrates that silver reached a key Fibonacci level.

Low point will be confirmed when silver breaks out above the two downtrend lines (currently near 31.60 and 32.50). Price targets will then be gold 2100 and silver 50 via inverse H&S. "

http://www.xaviercromartie.com/2012/02/tracking-silver-elliott-waves-major-iii.html