In this week Newsletter we mentioned that metals, energy and other commodities would remain weak for Monday, Tuesday but to remain on safe side I recommend you to cut short position in metals, energy, grains and in soft commodities. Currently gold at $814, Silver at $13.03 and oil at 112.90 and they are good price to cover short. Wait for another update tomorrow morning because we are expecting a important trend to form on late Wednesday and Thursday.
Short-term dollar will top at current price $77.75 and from here bit downward trend will come. Buy Euro at 1.4565 and Australian dollar at 0.8480.
Grains will remain weak.
Stock market will rebound strongly.
Thanks & God Bless
Mahendra Sharma, 26 August, Tuesday, 5.00 PM Mumbai,
Our members got saved from recent crash in metal, oil and grains prices, in fact we recommended selling oil at $145, gold at $970, silver at $18.80, copper at $386, platinum at $2100, euro at $1.5800, Aussie at .9625, Pound at 1.97 and all other currencies against US DOLLAR. Also our recommendation was to sell corn, soy bean, bean oil, wheat, cotton, coffee, orange juice and sugar has paid huge returns. In fact, we were very negative on all commodities as we saw drastic fall in them. Still this is not yet over.
Find out when commodities will bottom out! Will gold hit $645? Silver will fall to $9.80? oil will reach to $83? And will Dow hit 16000 by year end? I will be talking about all this in the next few newsletters. Risk you take in market is nothing against what you pay for the weekly newsletter subscription fee. We have given the most unique predictions in the last 21 years, and we never made big noise about our predictions. Also many world known financial institutions, banks, fund managers are members since last many years and they have been following our work very quietly.
At this point, I must mention Bill Murphy. He silently supported my Dollar prediction and two months back he said that he couldnít disagree more with me on the US Dollar. He is truly a man of vision and I thank him for his support.
Finally, one needs to trade with caution in all commodities and shake off the hangover of the last six years commodity bull market. I warned about emerging markets (
Note: I shall send you an update this week.
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