Dear Members,
I decided to share a small part from the metal sections of the daily Flashnews of Wednesday, as copper gained 17% on Tuesday. Your trading strategy should be:
Tuesday, precious metals traded in a mixed. The Scorpio moon can be very unpredictable, and we saw this as it initially supported gold prices on Monday. However, on Tuesday, it failed to move them, and some consolidation was observed in gold around the lower level.
Silver prices also lost value during the first half of the trading session but then recovered from the lows and settled slightly below the day's opening level. Those who traded in and out as per our recommendation must have done well.
On Tuesday, Trump announced a 50% tariff on copper products, which pushed copper prices 17% higher on the day. This is the first time in 37 years that such a move has taken place in copper in a single trading day, incorporated above our important higher side target of $575 in a very aggressive move. Copper tested $588 from $498 when this news was announced.
This move in copper will squeeze a lot of shorts in the metal. We have not been recommending taking any selling positions in copper as overall this cycle is positive for the copper market as per our book predictions. This week what we mentioned in our “2025 Financial Predictions” book: Third cycle from the 2nd of April to the 25th of July:
This will be a positive cycle for base metals, and a non-stop rising trend will be witnessed. I am not recommending any short positions in the Base metals. Copper, Zinc, and Aluminum will perform well, while the other base metals will struggle. Do not short any base metals during this cycle, even if they move aggressively higher. There is a possibility that most of the base metals may test the high of 2025 during this cycle.
Last week, we had wanted to see copper close above our trading level for five consecutive days, but it faltered, and we still did not see it move lower. We do not see copper mining stocks getting much benefit out of this positive move in the metal, and we see them trading in a mixed trend, so keep this in mind. Those who have been holding long positions in copper can book some profit around $588, but at this stage, do not take any selling positions in it. If copper trades above $588 for three days, then it can move another 39% higher. Must read our book.
On Wednesday, a positive trend is emerging in the metals market, so any downward move can be taken as a buying opportunity. At this stage, we do not recommend going long or short in copper; however, one can buy on weakness. Please keep this in mind. Palladium and silver will hold their value on Wednesday, so do not sell both of these metals at this stage. Stay long in palladium and silver.
Thanks & God Bless
Mahendra Sharma