Current commodity market like a war situation. I shall explore this in more detail in this week’s newsletter. Today may be the final day for copper being high and many other commodities like oil and metals. If they don't fall early next (I see a strong fall) than cover all your short position in oil and copper, so we will watch next week.
DOLLAR INDEX BUY - EACH FALL JUST BUY, DON'T MISS BUYING IN WEAKNESS BECAUSE NEXT WEEK ANOTHER NEW HIGH.
Oil is a different story altogether, and I would like to write about it in more detail.
GRAINS ARE TRADING AS PREDICTED, AGAINST ALL ODDS.
As I said (in 15 to 23 June) the stock market is in a selling range.
As far as gold is concerned, I see very little chance of its closing above $441, but let us still watch IF ITS BREAK that level and trade above for three days than new prices high are possible. I am just advising you to book profit, NO SHORT as June is good months and this what I have been writing since last four months.
I AM WARNING COMMODITY TRADERS AND BROKERAGE HOUSES TO TRADE VERY CAREFULLY. THEY SHOULD TRADE CAUTIOUSLY FOR I CLEARLY FORESEE SOME COMMODITIES FALLING LIMIT DOWN FOR A FEW DAYS IN THE COMING TIME (IN FEW MONTHS). DURING THAT TIME, MANY COMMODITY BROKERAGE HOUSES MAY CLOSE DOWN AND MORE THAN 70% OF COMMODITY TRADERS WILL LOSE ALL THE GAINS MADE IN RECENT YEARS.
OFF COURSE I SHALL GUIDE YOU BEFORE THAT TIME COMES, BUT AS A SAFEGUARD AGAINST THE IMPENDING CRISIS, IT WOULD BE PRUDENT TO TRANSFER MONEY FROM THE BROKERAGE HOUSES TO A SAFE BANK ACCOUNT.
THANKS & GOD BLESS
MAHENDRA