Dear Members,
After China unexpectedly imposed restrictions on the export of rare earth metals and on companies' use of the material, Trump was angered and announced a 100% tariff on Chinese goods starting from the 1st of November, and imposed export controls on critical software if China did not back off from these restrictions. This brought a significant correction in the market, which has been rallying nonstop for the last 6 months. Friday proved to be one of the worst days for tech since April 2025. Traders started dumping stocks, especially tech, as investors are sitting with huge profits. Also, Trump doubts that he will attend the APAC meeting where he is supposed to see Xi.
Rare earth metal stocks moved sharply higher, and Chinese ADRs corrected significantly. It was one of the worst days for investors who remained long in the markets.
We recommended booking profits in metals on Thursday and Friday, which proved to be great advice as gold, silver, copper, and platinum moved sharply lower from the higher side predicted astro resistance levels. Astro cycle is indicating a volatile trend, so follow our weekly and daily letters to trade metals.
It was a fantastic buying call that we provided for USD at 96.00 when everyone was talking about a bearish trend in the USD. Our view is very positive for the USD in the longer term, so keep this in mind as the USD can test a historic high in the coming years. Don’t play against the USD.
In the last two years, the one currency that has been falling nonstop against most currencies is the Indian Rupee. Neither the RBI, the Finance Ministry, nor anyone in the country is talking about why the Rupee has been losing value nonstop against the 25 key currencies of the world. The rupee is trading at a crucial Astro level that we predicted, and if it falls further, it could bring a disaster. Therefore, observe the Rupee’s trend against the frontline currencies. It lost between 18% to 27% of its value against most currencies.
The Thirty-Year Bond gained value as predicted; it achieved the first target of the 118-00 level and is now approaching a crucial upper side target. Trading above this level could push it towards a new high.
Cryptocurrencies lost a significant amount of value on Friday, but our view remains positive in the medium term. Wait for Monday's weekly newsletter, as we always write a weekly trend for the Crypto market. We have been getting many requests to start a Crypto letter, but I don’t have time to do that. It would be unfair for me to start something where I can’t dedicate sufficient time. However, my son Ronak may start the Crypto letter under my guidance in the near future.
Thursday and Friday were crucial astro-cycle days, and we witnessed intense volatility, which means all my letters for the next week will be interesting and I will try my best to guide you as we have for the last 35 years. We are at a critical juncture for the short term for markets, crypto, and metals.
Thanks & God Bless
Mahendra Sharma