It is thus perhaps significant that some of those who base their forward principles on Elliott Waves are indeed looking for a sharp upturn in precious metals prices sooner rather than later. Back in May we published a report on one such analysis from WaveTrack International’s Peter Goodburn. Goodburn was then predicting a sharp downturn in precious metals prices to appear, perhaps by the end of Q3 this year, which would then be followed by a massive reversal in prices which would take all the major precious metals up to new highs probably by early 2016.