Dear Friend,
Here is small part from this week weekly newsletter.
Betting against own country and family members
Dear Members,
Today’s newsletter letter is important one. Don’t think that I am an enemy of Goldman or many other institutions. However, I am against the philosophy of making money followed by these powerful institutions. You can find many detailed news articles on Yahoo, CNN, Bloomberg or many news channels on the Goldman Fraud so I don’t want to write anything on that but surely, I just can’t help but ask why someone would plan a business by making money at the cost of other peoples’ life savings, houses or school tuitions. What Goldman and any other global financial institution did is purely shameful. Yet they still claim that “they haven’t done anything wrong based on laws and facts”. This is a just one example that how powerful people reap profits by betting against common men.
The Goldman fraud charge is a big earth quake which can expose the insatiable greed of a few powerful people or institutions, which are interested in making enormous profits by first creating the financial craze such as the housing bubble, and then by taking advantage of economic disasters that they first start, such as the housing fall. Never were they interested in the aftereffect of the housing burst on the majority of American population who work very hard to earn money to stay with their families and to give education to their children so they can build their own and the country’s future. Goldman created products that bet on housing burst, so why they did not openly published a report and warned the whole country that the worst period was coming in housing market so stay away from any speculation on housing?
Anyway, Goldman still has time. A bit change on the philosophy would be helpful and they can make money on many other things compared with creating products like CDS that bet against peoples’ lives (which give them every incentive to first create such bubbles). I used to have a large following from the gold/silver community. Although still a large number of people follow me, I ran into some conceptual conflict with some leading voices in the community (mostly die-hard gold bugs), because I never liked their hope to see war or attack so gold can rise. I’ve always said that we don’t want to make money when people are dying or getting killed in wars or attacks. Gold should move up with its own strength instead of on news of war/attacks. Many metal followers were not feeling happy about my comment but I always felt good deep in my heart because we don’t want anyone to suffer and we don’t want to make money by taking advantage of other peoples’ suffering.
I am so grateful to nature that Mr. Obama was elected President of USA. Few might not like him but he is the man who will make changes by thinking of the common men (as well as rich people). Whenever I watch him I feel that he is not only a President but a great philosopher. He is a great human soul and I am sure he will bring new energy sources that free the world from heavy dependence on oil nations. He will bring changes in healthcare reform, invest in education, and bold enough to bring changes in conventional Wall-street thinking.
As usual, I am ending my first part of this week newsletter here. Now let’s talk about this week’s financial market trend and overall outlook.
Last week we mentioned very clearly that when Mars transits from Cancer it takes everything what one has gained or give back everything what one has lost during Cancer transit. From Jan 2010 Mars stayed in the house of Cancer, and it will change house on 27 May. So whatever stock markets gain can vanish. Last week we also warned that huge corrections in markets will ensue any time from April 16 on. At this stage the Goldman story can wreak havoc the current market filled with complacency because it can spread like fire. Many more inside stories can come out and it can shake the whole world financial market. I feel that Friday’s news is just a small tip of the iceberg. I pray that soon market will stabilized but I don’t want to give any big hope before 27 May, after which the greatest bull market for alternative energy will start. So continue to keep your focus on this sector. You will not only make money but you will also invest in building a better future for the world.
Let’s see during this week how much fall will come in metals, indexes, currencies, and energy as well as their trading ranges. Here is this week newsletter from 19-23 April 2010
GOLD/SILVER
Longer term we are very bullish on the outlook of metals but we don’t have any clue how….
COPPER/PLATINUM/PALLADIUM/ZINK/NICLE/ZINC
Base metals also moved down sharply as predicted. This week base metals will…
COFFEE/COTTON
Both of these soft commodities will trade….
SUGAR/COCOA/ORANGE JUICE
Mercury will be favoring…
TREASURY BOND
This week bond prices will move…
STOCK MARKET
If markets start crashing….
GRAINS
This week grain prices will remain….
OIL
Last week oil traded as predicted. Still major exchanges never disclosed the positions of big speculators in oil during 2006-07. We don’t want to name anyone but we all know that big name made fortune out it. In media they created flash of growth story of China and India. If that story was true then why oil came back all the way to $32 from $145 within three months? Yes, we need financial reforms so bury powerful names on Wall-street this time because they have always assumed that if something goes wrong then government will bailout them. Let’s make sure they are wrong this time.
This week….
CURRENCIES
Last Monday Greece’s positive news force USD index to touch recent bottom at 80.03, but then during the week it remained quite resilient, thanks to its positive Astro cycle. Dollar is in a bull….
SINCE LAST TWO MONTHS I HAVE BEEB TOO MUCH CONCERN ABOUT SOMETHING BIG NEGATIVE COMING IN WALL-STREET, AND IT ARRIVED ON FRIDAY. WE DON’T KNOW AT THIS STAGE HOW MUCH ALL MARKET WILL FALL BUT SURELY THEY WILL FALL BIG IN COMING DAYS.
India stock market - We just heard but still we don’t believe: Indian stock market is trading at huge risk because during weekend we heard from few sources that many promoters and few market makers are getting together and pushing their stock prices higher and higher. Number is mind blowing as out of hundred companies eighty are doing insider trading and many financial institutions (both local and foreign) are also involved in this huge scandal. Surprising point here is that even key authorities are aware about whole irregularity but they are keeping silent. I pray that this is false information because I am very much optimistic about future of Indian market. Anyway, we highly recommend investors should avoid for time being because if any scandal related to this can bring huge corrections. Current Astro time is also not favorable for all major markets so why we should take risk, we recommend Indian investors to invest after 27 May 2010, as we still believe that longer term bull market stroy is intact for India.
Stocks, oil and Dollar...
Thanks & God Bless
Mahendra Sharma, 18 April 2010