Friday Flash News (unedited copy)
Gold below $1000 in few trading sessions, if India bans import!
Dear Members,
USA market was closed on Thursday and will open on Friday for half trading sessions. Let me tell you that I am having too much fun with writing my new book “2017 Financial Predictions”, this will be very short book to the point and gave more importance to behavior pattern of metals, stock markets, energy, currencies and bond, grains, softs monthly cycles. I always write lengthy book but now time is changing very fast and people just want to know how market will behave, up or down? Hardly anyone has interest in reading details.
Gold and silver prices lost big value, on other hand Zinc and copper trading at yearly high and they are not in mood to giveaway in gains. Gold achieved our important lower side target of $1179 level which was predicted last month when gold was at $1348. Silver prices also trading close to important support levels. Gold lost almost $200 from high of 2016 and we are sure our recommended trade of buying put options in gold of February 2017 must have made you prudent returns on your investment. HUI also corrected sharply from 284 to 174, DUST moved in multi folds. From March 2016, we have been predicting gold will start falling from 22 August which proven very accurate. Since last six months we have predicting gold toward $775 level so watch this prediction closely. If India puts banned on gold import then gold shall move below $1000 in few trading sessions. Must wait for next week's weekly newsletter.
Now metal traders will be focusing on Italian referendum as any surprise can play some support role for gold but I am not recommending to speculate on that. Focus on our weekly newsletter, and we are sure you will able to make right decisions.
Markets are moving higher as predicted, we are not recommending any short term short-sell bet but surely soon we will have lot of fun in trading markets. Crash will come in market so wait for our instructions to sell market aggressively.
Time is coming to sell Zinc, and copper. Two months back buying copper at $205 recommendations have done well, watch $272 level for copper.
Soy oil buying recommendations predictions have done very well, and we are keeping same prediction of soy oil.
Emerging market currencies are trading lower, but turnaround is right at corner. Rupee will be great bet.
Get ready for 2017, as we shall have lot of fun trading market, commodities and currencies.
In 2016 financial predictions book we predicted that Dollar Index mat test high of 106.25 level, still this could be possible.
Here is what we mentioned in “2016 Financial Predictions” book on page 59, and page 30.
Tenth Cycle for metal market:, from page 59, book “2016 Financial Predictions”
From the 7th of October to 17th of November 2016 - Once again precious metals prices will fall sharply lower during this cycle so one should book profit before this cycle starts, or close your positions if you are holding any in metals. Sharp corrections in metals futures prices and metals stocks will surprise many because this fall will happen without any major news taking place in the metals market. This is purely a bearish cycle and we recommend short positions in metals.
Eleventh Cycle for US stock market, from page 30, book “2016 Financial Predictions”:
From the 7th of October to 17th of November 2016 - This will be the cycle where a turnaround will take place in the market and we see the market recovering very sharply. We won’t be surprised at all if the market moves towards an all-time high during this period. This is a great time to buy stocks, indexes or short term call options as most of the sectors will move up aggressively (Biotech, tech, financial, industrial etc.). In short, this will be the most bullish cycle for the market.
Must read Kitco article of what we stated before Diwali:
This is what we mentioned on last Monday, 8, August: 11th August is our date for metals to enter into bear cycle. One prediction so far has started following our astro indicators and that is Thirty Year Bond; we predicted that from 12th July 2016 Thirty Year bond trading sharply lower and Bond started trading lower from that day so expect a longer term bear cycle in Bond.
Oil is holding $39.88 level which indicates short term rise and higher side $49.88, S&P is holding astro support level of 2117 and higher we may see 2195 which strong astro resistance level. Gold is struggling to move above $1348/1363 levels as predicted and lower side some support at $1295/1256/$1211, so these are levels to watched very closely, below $1295 gold will enter worst bearish cycle.
All major predictions about commodities, markets and bond will remain the same until 19 December electoral vote be casted and on 20th January 2017; once Trump takes over the office then the new trend will start in markets, commodities and currencies.
Many people are asking to putcomplete Weekly newsletter and flashnews, but we can't do that as you have pay for services. Daily cost of letter is $18.00 and I am sure if you trading market then you can affoard this cost.
Here are the trading strategy and ranges for Friday:
GOLD/SILVER/BASE METALS
As Click here to subscribe daily Flashnews: http://www.mahendraprophecy.com/flash-news-subscription.php
Thanks & God Bless
Mahendra Sharma