Red Metal Banter, page-127

Avi has 2 counts. The green count and the purple count.

The green count is negated if silver drops below $22.77 (purple horizontal line on chart) and the purple count becomes the primary count. Until $22.77 is broken to the downside, meaning the green wave 2 low is not broken, then it is possible that green wave 3 of iii is about to commence. If $22.77 is broken to the downside, then wave ii of iii is still in progress and the price target is the blue box on the chart in the zone $20.20 to $21.62.

Silver needs to break above $23.75 (purple wave 1 low) to suggest that the green count may be playing out.

Avi's expectations are that whichever counts play out, he expects confirmation that wave iii has commence by the end of the month.

The purple count low seems unreasonable but it must be stated that the current decline in purple is a (c) wave. C waves are crash waves and should be as large of a decline as the (a) wave (A=C) which would correspond with the top of the blue box. The bottom of the blue box would be a 1.618 extension of wave (a).

If silver breaks above green wave 1 then that is confirmation that wave 3 of iii is in progress.

I just received a long trade for gold from ewt as I type. There are four high impact announcements tonight, so these will determine the immediate trend for PM's. US CPI and unemployment claims next Thursday will also impact the PM's. Times for announcements below are QLD time zone.