Dear Members,
In this week's weekly newsletter and daily Flashnews, we recommended selling metals at the higher side, like today's higher side selling level is $3330 for gold. Also, we predict Thursday and Friday could be positive days for precious metals, so the lower side covers selling or doesn’t short any positions in precious metals. One thing is clear: gold won’t be able to hit a new high if it trades negatively on Thursday, and on the lower side, it may test $2928 in the coming few months. We recommend that you take very short-term trades in metals; I will update you soon. Yesterday, we recommended buying platinum, which performed very well. Base metals will come on our selling list from next week. Today, let's see whether profit booking comes in metals or not, because we predicted that higher side profit booking would come in metals.
Markets have been performing very well. Thursday could be a big day, we may recommend buying markets on Thursday on any weakness.
Our recommended stocks are performing well. Today, you can add long positions in yesterday’s recommended stock EVLV, EH, and HSAI. TEM will start gaining momentum. Longer-term investors can buy SNOW and AMSC, both of these companies will announce earnings on Thursday. Wait for next week’s earnings predictions, especially NVDA and a few more tech stocks.
Oil will sell at an excellent level of $64.88; natural gas will trade on both sides.
Grains rebounded yesterday as predicted; wheat and corn are in our aggressive buying list.
Softs (Coffee and cocoa) will struggle. Don’t buy these softs, as they are on our selling list, but their volatile trend will continue.
The US Dollar Index is falling nonstop, and most currencies are gaining value against the USD. I am a bit nervous, especially if it falls tomorrow. Today, one can take aggressive short positions in most of the frontline currencies as the USD is ready to rebound in value.
The Thirty-Year Bond has been trading lower, keep adding Thirty-Year around the 112-00 level.
Today, the lower side adds long in UPRO, TQQQ, and TNA, or buy S&P and NASDAQ.
As predicted, Bitcoin trading is positive. If it closes above the $108888 level for three days, we may quickly see $143000 to 148881 in a one-sided rally. Last month we recommended buying aggressively long in Bitcoin around $$78000 level.
Thanks & God Bless
Mahendra Sharma