Where predicted: Initial interview was with South African Broadcasting (to 67 countries) with follow-up interviews among several newspapers and radio stations including those in the United States
Price on date of prediction: $265.00/ounce
Projected outcome: Gold would rally after September 27, 2001 and cross $300 with a few months. By 2004, it would cross $450 and by 2008 with would be over $1,000.
Outcome and dates: Gold bottomed on exactly September 27, 2001, crossed $300 in January, 2002, and crossed $450 in November, 2004
Accurate Predictions - EUR/USD
Date of initial prediction: September 8, 2001
Where predicted: Initial predictions appeared in the Sunday Times of Johannesburg (South Africa) with follow-up interviews with South African Broadcasting and other newspapers and radio stations throughout the world
Price on date of prediction: $0.83 against U.S. dollar
Projected outcome: Euro would rally to par ($1.00) within one year and eventually it would move to $1.36 within three years
Outcome and dates: Euro reach $1.00 against the U.S. dollar in May, 2002 and topped out at $1.3620 in December, 2004 (It was at this time that he predicted a strong dollar rally and substantial weakness in the Euro, which is currently in process of occurring)
Accurate Predictions - Nasdaq
Date of initial prediction: March, 1996
Where predicted: Standard Newspaper in Kenya with follow-up interviews with Asian Age in London, England and various other newspapers and radio stations throughout the world*
Index value on date of prediction: 695
Projected outcome: Technological and Telecommunication stocks (representing the primary nucleus of the NASDAQ average) would lead the largest rally in history in the NASDAQ by several hundred percent by December, 1999.
Outcome and dates: NASDAQ surpassed 4,000 by late 1999 and ultimately topped out at just over 5000 in March, 2000. At the end of 1999 and early 2000, he predicted a major crash would occur and everyone should dispose of all of their technology investments. The NASDAQ began falling sharply in March, 2000 and ultimately bottomed out in the 1200 area in September, 2002. Shortly before this, he recommended aggressive acquisition of technology shares.
Accurate Predictions - Crude Oil
Date of initial prediction: January, 2002
Where predicted: Daily Nation Newspaper in Kenya and follow up interviews in June on Jeff Rense radio show in the U.S. and various other newspapers and radio and television stations throughout the world.
Price on date of Prediction: $21.80/barrel
Projected outcome: $55.00 to $60.00/barrel in next four years
Outcome and dates: Oil hit a high of $58.50/barrel in April, 2005, surprising much of the world and has led to a substantial increased following by financial institutions and hedge funds of Mahendra Sharma’s work
Accurate Predictions - Coffee
Date of initial prediction: May, 2002
Where predicted: In 2002, 2003, and 2004 World Financial Prophecies books published by Mahendra Sharma and on his website, coupled with other world radio and newspaper interviews
Price on date of prediction: $48.00/contract
Projected outcome: The price will more than double in the next three years and in the 2004 edition of World Financial Prophecies stated it would now move to $150/contract.
Outcome and dates: In December, 2004, the price of coffee reached $102/contract and in March, 2005 reached $137.80/contract.
