Dear Members,
Precious metals have delivered a fantastic move as we have been predicting, and most metals are trading exactly in line with our expectations and the guidance shared in the book. Today offers an excellent opportunity to sell most metals, with the exception of gold, though even gold should be on your selling list at $4848 to $4868.
If metals close positive today, or whichever metals close positive on Wednesday, those specific metals can move further higher. However, the probability that most metals will close negatively on Wednesday is extremely high. Silver’s selling range remains from $95.48 to $97.38. A short-term downward trend in metals is set to begin with corrections of 7-10%.
If metals close higher today, gold and silver could still move 20% higher from current levels.
Please wait for tomorrow’s update.
A bit of market uncertainty has also started to surface. Tech stocks are struggling, except for memory and networking stocks. Software stocks remain in a bear market with deeply negative sentiment and an uncertain future. There is no doubt that AI will eliminate a significant portion of software-related work.
Continue to buy aggressively in our favorite stocks mentioned in the weekly and daily letters. One must hold long positions in MU, WDC, SNDK, and STX, and continue adding networking stocks.
The Dollar and the Thirty-Year Bond will be excellent buys.
Keep shorting softs, and trade in and out of grains.
Thursday will be a great day to buy Crypto and crypto-related stocks.
Thanks & God Bless
Mahendra Sharma