Dear Members,
I reached India 24 hours ago, and the market has been trading negatively and volatilely. I am a bit nervous because the markets are struggling on a positive astro day, which is not a good sign. It will be the worst news for the market if it closes in the negative today. Also, Friday is a supportive day, and the market must close positively; if it closes in the red, it could be a warning sign of the negative time ahead.
Right now, NASDAQ is trading at around 280 points lower, and it must recover during the last two hours of the trading session. The Treasury Secretary just said that they are more focused on the economy than on market volatility, and this kind of statement is not helping the market. If the administration is not worried about the market, where trillions in market cap have been wiped out, how will they build the economy? Analyzing the economy is not my job; I predict what I see, but at this stage, overall, we are in a highly uncertain astro cycle, and it will continue for the next two months. If the market trades this volatile, the next two months could be very tough for investors.
By Monday, I will decide whether to go aggressively short on the market because I have not changed my predictions in the past, but the way the market has been falling is not what we had expected. Yes, we did expect a significant correction in the market, however, the market has lost more than we had expected. and that is a concerning sign. Let's see whether the market turns around today or not, and whether the market closes in the green on Friday. Mondays update will be one of the most important ones, and I will try my best to guide you in the Monday's update.
Our recommendation for buying silver has been excellent. We have been recommending going aggressively long in silver, and so far, gold and silver have not disappointed us. This week was a very positive week for precious metals, especially silver. We recommend remaining long in gold and silver, and we have been recommending buying the ETF AGQ, and call options in silver. If you hold positions in these, you must continue to hold on to them. Do not short silver at all as it can test any level. Wait for Monday's report.
The dollar index is stabilizing, so buy aggressive long positions for any sharp correction today.
Bitcoin has been trading negatively, but as predicted, we do not see it going below 72000. So, on the lower side, you know your risk and plan your investments or trading accordingly.
Grains are trading in the green, meaning the low has been achieved in the grains.
One should book profit in coffee and cocoa, but keep holding positions in cotton and sugar.
Gold is ready to hit $3000, which will happen any time. We have been recommending buying JNUG and NUGT, so keep holding long positions in these ETFs.
Thanks & God Bless,
Mahendra Sharma