Can't give exact pointers if I don't know what opponent you use it against. For Elders, you -only- need speed. However, going with the theme, here are some general improvements (as I see it).
I'd get two Fog Shields over PA and Ice Shield. Much faster to get out and will thus reduce more damage in total. This is medium speed, after all, not a stall. No need for Anubis when Quint is cheaper and you only need 2-3 Fire Eaters out. You also don't need Quint against Elders. Two Lycans and Momentums are enough; you want to reduce the deck size to make it faster and more consistent.
Morning Star is too expensive. Take 1-2 Arsenics or Vampire Stiletto's instead. Against Elders, you rarely need perm control, but creature control is useful, so take 3 Rage Potions instead of 4 Deflags, or keep 2 Deflags and get 2 Rage Potions. Up to you.
Now, if you want to speed it up even more (which will skyrocket your win % and electrum gain against Elders), you can either go mono-fire Lava Golem rush or Rainbow Lava Golem rush. The No Land Stompy in manaboy's second link, Turns to Win Study, is an example of the latter. The best example there is, currently.