Gold toward $775, and dollar may bottom around 93.50
Dear Members,
Gold refused to move above $1250 as predicted last month, (A time when many were predicting it to move higher). In this week’s newsletter and Daily Flashnews we constantly recommended selling gold around $1139 and buying DUST. This week from Wednesday onwards we have been recommending selling gold, silver, copper, platinum, and palladium and our advice has done well. Most of you are aware that the lower side targets in gold according to this year’s predictions are $993, $886, and $777 so plan your strategy well. In next week’s newsletter we will put a trading strategy, and if our view comes accurate then many should surely do amazingly well.
Dollar Index is selling around 98.00 to 100, and has done well with the target of 95 to 93.50; we are almost there. Many emerging market currencies gained handsomely; especially Real, Peso, Rand, Rubble, and Israel Shekel gained over 10%. Rupee also gained which helped reducing commodity prices in Rupee terms. In the Rupee terms, Gold can fall towards 18000 to 14000 in the coming time from the current value of 28000. For last two months we have been predicting that gold won’t go above 30000. We highly recommend Indian investors to get out 100% from physical holding positions.
Our buying recommendations in oil at $27.71 with the target of $42.00 has done very well, and our higher side target has been achieved. We feel lucky that we have been able to predict every move in oil for the last 15 years.
S&P gained from the predicted price of 1812, and the targets of 2038 to 2062 have been achieved. We are now at a very crucial point. We will try to provide a clear strategy in next week’s newsletter.
Many investors request us to put some predictions for metals and the market on website for free. I don’t quite understand this sentiment. Traders are ready to lose thousands of dollars while trading, but the same people and not willing to pay a fee, and go looking for free advice and help. You have to pay a fee in any form to gain anything in any area of life. Those who look for free advice don’t gain, they just remain stagnant.
Our new service for day traders has received an overwhelmingly positive response, and traders are putting out very positive feedback. Subscribe to the Day trading letter if you are just day trader. If like to read overall our view with day trading, then Daily Flashnews is great service. Since last fifteen years our weekly newsletter is most favorite of investors. We added small part from this week newsletter on our homepage: http://www.mahendraprophecy.com/latest-news.php?id=1051
Today we are also announcing that the price of the physical book has been reduced by 25%. We understand that with technology everyone just prefers to read anything on a screen (Tablet, computer etc.), but print books will never lose their novelty. The feeling of holding a book in your hand and turning the pages is wonderful and reading on screen cannot compare. Imagine looking at a soft garment on a computer screen, as compared to holding it in your hand, feeling its softness etc. Therefore, we decided to make the print book more accessible to those who are interested in it.
Thanks & God Bless
Mahendra Sharma, 1 April 2016, Santa Barbara