Tuesday’s Flash news (unedited copy)
Monday was worst day for metal, but it many more days are like this on the way for metal investors
Dear Members,
Monday proven worst day for metal investors in long time because I haven’t see HUI falling 12% in day. Metals mining stocks got crashed toward 2003 lows, bull etfs were losing value like gold is no longer gold. We still recommend metal investors to stay away as it will lose big value in coming days. Stocks prices traded very silently, we are strongly recommend to keep adding positions in market.
Grains and soft lost value, Thirty year traded mix and currencies also remained bit weaker against USD.
On Tuesday any weakness in stocks should be taken buying opportunity, selling is recommended in metals and avoid any buying in any commodities.
S&P closed above 2118 in second day row is giving clear indications of bullish pattern in coming days and on other hand metals may keep falling.
We started learning this subject in 1982, and we start reaching financial market wave of nature theory from 1987, today we completed 28 years in this subject. From 1995 onward we were able to guide investors with great accuracy and all thanks goes to this subject.
This is what we mentioned on Friday: Thursday most of markets traded positive and it looks like that S&P is getting ready to close above 2118 (most awaited astro figure). S&P has to trade above this level for the three trading days to confirm for it reach 2190 by end of this month. We don’t think anyone on this planate is predicting this.
Commodities traded negative, Thirty year bond traded mix and currencies traded uncertain. Euro and Franc lost value but other currencies gain some value. We are not interested at all in trading currencies or commodities because at this stage our focus is on stocks and indexes.
Jupiter changing is creating miracle, it is like building hurricane against negative technical chart of S&P and other global indexes. Hardly people are buying or have any big positions in market and this can be most regretted decisions if investors are not invested in market.
Gold is hanging around $1142, we are sure you must be following what we are stating for gold.
This is what we mentioned two weeks ago on Wednesday (20th of May): Gold have been trading in range of $1225 to $1142 since one year after coming down from high of $1900 in 2011 which we predicted and since then we have been not recommending investing any money in metals and metal stocks. We are planning to recommend buying metals later this years which we already mentioned last year in Kitco interview and our website.
For medium and longer term traders trading range: Major support on down side will remain at $1180 and $1142, on higher side $1205. Breaking either side will confirm end bear of bullish trend.
Oil is trading positive and energy stocks are trading mix to negative as predicted. We still believe that oil will have touch time to cross $63.88 as predicted.
Cut or cover all shorts in grains and softs as tomorrow is our final day for ending bear trend in grains and softs.
S&P will move in the range of 2118 to 2088.
Thirty year bond trading as predicted, but short term traders should close positions in TMT, TBT, and TTT. Also close positions in put options in futures markets.
This is what we mentioned on the 22nd of January and are holding the same prediction: Stocks are trading mixed as some stocks are rising sharply and many are falling. We strongly recommend holding positions in the market as well as our recommended stocks until S&P holds 1982. S&P shouldn’t close down below 1982 for more than two days. USA market is volatile but at the same time it has been consolidating around 2000. Tech stocks are performing very well. Precious metals and energy bounced back from lower levels on Monday. Oil held $44.55 level very well. Grains and soft commodities struggled as predicted.
So far S&P is holding 1982, oil $44.55 (these are buying levels) and gold has not been able to hold above $1307, also watch 172 (these are selling level) level for Thirty year.
Here are the trading ranges and strategies for Tuesday:
GOLD/SILVER/BASE METALS
On Monday gold and most of metal prices crashed sharply lower which surprised many but we were expecting this. Our short term target of gold reaching $1082 to $1055 shall fulfill soon. Metals stocks lost big value as HUI closed 12% lower in a day. It is impossible to believe that HUI is trading around $114 from $600. GLL, DUST performed amazingly well, DUST went up from $12.50 to $36.00 in the last two months, yesterday it gains 36% in a single day which was one of the big move. GLL and DSLV also are performing well and buying recommendations doing well in GLL, DUST and DSLV.
Direxion Daily Gold Miners Bear 3X ETF (DUST)
35.42 8.68(32.46%) 4:00PM EDT, After Hours: 36.00 0.58 (1.64%) 7:57PM EDT
Problem is traders and investors have too much trust on gold, and this trust can make many people go bankrupt. Since last three years we have been recommending traders to stay away from gold and mining stocks and this advice proven life saving for everyone those who believed our predictions. Chances of gold going toward $1055, $982 and $882 have open now. Gold is ready to start longer term bear cycle which can continue for many years. Rest of metals like silver and platinum will follow gold prices.
Ignore expert and advisors those who are recommending buying gold or those who are giving hopes of rise of gold, just throw their view in dustbin and stop following their advices. It is always important not to lose capital in hope or love and at this stage many experts are still painting hope picture.
We saw great rise in gold prices in 2001 so we predicted it to reach $1600 and since 2011 we have been predicting negative trend which save our members big money. If what we see that come true than gold may even reach toward $775 to $550 before it bottom out. Read this week’s weekly letter carefully. Our daily flash will help you making short term trading decisions.
This Tuesdays flash we are putting on our website after receiving many emails because still many people asking that I should put my view on website on free sections, some people still want FREE VIEWS from us (They are ready to lose big money in market but don’t want to spend small money on subscriptions…I don’t understand human psychology).
We expected gold break down on Friday below $1142, this is what we mentioned on Friday: Thursday once again gold touched $1142 level, which is major astro support point and it is scary level, at this stage $1142 is holding but Friday we will interesting day because gold may break $1142 level. From Mid-Wednesday to Friday gold astro cycle were bit positive but gold is not acting well which is horrible indications for metals and metals investors.
Remember this what we mentioned on 13 July: Currently $1142 is the most important support level for gold and since the last 30 months it has been holding this level. It will be a testing time for gold during this week as we see a weaker trend to develop from Monday to Wednesday and chances are that gold may retest $1142. There is a very strong possibility that gold may break $1142 and go below. Silver and other metals will follow gold but at this stage negativity is more on gold so trade carefully. Chances of gold going towards $1055 to $988 have been increasing drastically so watch your gold trades closely.
Globally metals investors should watch 14 July to 8 September. If gold trades negatively during this period then chances are that gold may move towards 2005/6 lows. Silver can also fall non-stop.
On Thursday and Friday metals may rebound a bit.
Monday and Tuesday are the most negative days for metals so stay away from any buying on the lower side for both these days. Wednesday evening one can cover shorts or one can buy around the lower sides. Gold and silver not moving in a positive direction on Thursday and Friday will send a more negative signal.
Here is Tuesday’s range: (July 2015 contract):
GOLD: $1108.00 to $1186.00
SILVER: $14.77 TO $14.37
COPPER: $251.00 TO $244.00
PALLADIUM: $618.00 TO $600.00
PLATINUM: $990.00 TO $966.00
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