According to Peter Goodburn of Elliott wave analysts Wavetrack international, Friday’s punch higher for many of the mining ETFs, indices and equities broke key overhead resistance levels that now confirms the November/December ’14 lows as the finalising levels of the multi-year counter-trend declines that began from the 2008/09 and 2011 highs. This also confirms, reckons Goodburn, that gold and silver bullion have also ended major counter-trend declines that began from the highs in year-2011 at the Nov/Dec.’14 lows of 1131.85 and 14.51 respectively.