Dear Members,
On Tuesday, metals moved higher as predicted. Monday and Tuesday were very positive astro days, and metals acted positively, indicating that metals follow astro indications completely. We recommended selling metals around the higher sides in yesterday's letter and weekly newsletter. Sell gold, book profit in the rest of the metals. A negative trend will start on Wednesday, so sell on the higher sides.
Markets traded negatively, which is not good news, but we expected a positive trend to start from today, but still, volatility will continue. Short-term call options in indexes and bull etfs should be in your buying list. What a great time to buy TEM and add more SOUN (everyone discarding this stock, but it is in our top buying list). This one will also move at least 500% higher in the next 18 months. If markets close higher from Today to Friday, that will be the most bullish news for the market, and I won’t be surprised at all if markets hit a new high in the next seven weeks.
The US Dollar lost value, and on Wednesday,, we see a sharp upward movement in USD as predicted in the weekly letter. Keep building long in USD, and short in Peso and Real, as well as frontline currencies.
Oil prices rebounded on Tuesday, which indicates that oil may hold $57.78, it will be a short-term astro support level until oil doesn’t fall below this level for three days.
Grains traded negatively, and a negative trend in oil will continue, so stay away. Softs will trade negatively, so stay away from any buying, add more shorts in cocoa and coffee on any rise. Cotton and sugar will gain in the coming time.
Keep adding Thirty-Year Bond, it will make you a great amount of money in the coming time.
Important note: I still see 55% chances of the FED cutting the rate today by 25 basis points, if not, then in the next meeting, the FED will cut 50 basis points, and the chances are 98%. If the FED fails to cut the rate today, then short-term selling may come into the market, but nothing serious, and you should take weakness as a buying opportunity.
FED decisions won’t impact the USD significantly, keep adding USD after the rate decisions.
The thirty-year bond will move higher after the FED meeting, so add aggressively.
Metals will trade negatively tomorrow, so today any opportunity should be taken as a selling opportunity. If Silver closes higher on Thursday, it will be the most positive news for silver investors. If that happens, then I recommend buying long in silver with a price target of $41 and $55.
Three hours ago, India attacked a few Pakistani terrorist camps. In the last two weeks of letters, we have been predicting India will attack terrorist camps between 9 to 19 May, and tense situations will be at their peak until 8 June, so keep this in mind if you invest in India. I expect volatility to continue in the Indian market.
Thanks & God Bless
Mahendra Sharma