Dear Members,
Next five letters will be very brief as I am in very remote part of India, just has one bar of 4G network on my cell phone, but I will try my best to guide you in brief letter.
On Wednesday, markets opened sharply lower but closed almost unchanged, which was an amazing sign. After the market hours, the markets went sharply higher as MSFT and META both beat on revenue guidance, and both stocks are trading higher after closing. QCOM came down, and it is a great buy for the longer term. On the higher side, our target will be achieved in S&P and NASDAQ, which are three percent away from here. 11 April turn around of market date proven as accurate as 22 March 2020 and 6 March 2009. Astro cycles are amazing; the rest of the indications keep changing as per data and economic news, but astro indicators clearly provide what is coming in the future without any data or news.
On Wednesday, Precious, base metals, and mining stocks also lost value as predicted. It was a negative astro day. Next astro support level for gold is $3029, and for Silver, it is $29.95. I see silver outperforming gold from here onward, so an interesting era is starting. Gold has outperformed most of the commodities, but now silver era will start soon. Copper short recommendations have done very well at the $491 level, with a target of $453 to $441 in the short term.
Oil lost value and started trading below $60.00 as predicted; our next target is the $57.78 and $53.38. Our bearish call has worked very well for the last three years. Gas traded a mix.
Currencies lost value against the USD, and the dollar started rising from its lower levels. Thirty-year bonds traded mixed. Overall, currencies are on our selling list, and USD is on our buying list. Commodities may struggle. As predicted, the Dollar index is holding at the $97.38 level. We don’t see USD going below this level, and most of the currencies are on our selling list from here onward. Take some aggressive shorts in currencies.
Grains and softs traded mixed, but wheat bottomed out. Book profit in coffee and take short in cocoa, as it will fall 30% more. Sugar will struggle, but cotton will be a great buy from today onward.
Thursday is a supportive astro day; markets are in a cycle of buying or accumulating. Any major weakness should be taken as a buying opportunity.
We mentioned this two weeks back: The US dollar lost a big value on Monday, but it is coming closer to making a lifetime opportunity by buying USD, as we don’t see it going below the 97.38 level.
S&P and NASDAQ fell below 4803 and 16328, even if the 3rd world war starts.
The 30-Year bond lost value, and I don’t see it remaining below 112-00, so this is another lifetime opportunity to make money.
Thanks & God Bless
Mahendra Sharma