Friday, 12 June 2009
ONE OF MEMBERS NOTE:
Dear Mr. Sharma,
The arrogant, self opinionated graduate students and economists on the
economics blog told you about, who were making fun of your predictions,
now in the early morning hours of MONDAY 8TH JUNE, are subsiding into a
frightened, intimidated silence, as they are 90% invested in gold! Hah hah
hah !!
They know that for several weeks I have been insisting that they would ALL
be wrong, and Mahendra would run circles around their logic.
This is just the beginning, but plunging gold and soaring USD are beginning
to show their true colors for this summer.
I am a recent arrival to your followers - but I recognise a very special
visionary in you. Indeed - it must be observed, that in the first week of
June, 2009, there was no other analyst in the world who stoutly and firmly
predicted the massive rise of the dollar, except Mahendra Sharma.
Luke Sterling - I am going to stick to you like glue. I am making my
arrangements now to cancel other subscriptions and begin one with you. My
only concern is that I don't know how to execute trades.
So I must grow my trust in you ever more, and hand over an account to your
management. I am not a trader. But you have BEATEN all of these over
confident arrogant people already, and your prophecy is only just
beginning. With every month now that I watch your moves, I gain new insight
into the quality of your work.
Astonishing performance. Bravo! A tour de force!
Respectfully, Luke Sterling
The arrogant, self opinionated graduate students and economists on the
economics blog told you about, who were making fun of your predictions,
now in the early morning hours of MONDAY 8TH JUNE, are subsiding into a
frightened, intimidated silence, as they are 90% invested in gold! Hah hah
hah !!
They know that for several weeks I have been insisting that they would ALL
be wrong, and Mahendra would run circles around their logic.
This is just the beginning, but plunging gold and soaring USD are beginning
to show their true colors for this summer.
I am a recent arrival to your followers - but I recognise a very special
visionary in you. Indeed - it must be observed, that in the first week of
June, 2009, there was no other analyst in the world who stoutly and firmly
predicted the massive rise of the dollar, except Mahendra Sharma.
Luke Sterling - I am going to stick to you like glue. I am making my
arrangements now to cancel other subscriptions and begin one with you. My
only concern is that I don't know how to execute trades.
So I must grow my trust in you ever more, and hand over an account to your
management. I am not a trader. But you have BEATEN all of these over
confident arrogant people already, and your prophecy is only just
beginning. With every month now that I watch your moves, I gain new insight
into the quality of your work.
Astonishing performance. Bravo! A tour de force!
Respectfully, Luke Sterling
********************
Dear Members,
The trend in dollar came yesterday because of the auction of 30 year Bond. This trend will have a short life and US Dollar re-bound was it lost yesterday. Dollar has bottomed out last week and it will remain in bull market. Keep trust on the planetary movement because the planets are giving a great buying signal, AND these signals are the only reliable indicator in world financial market.
From the 15th of June Jupiter will retrograde and this reverse direction will last until the 12th of October 2009. This is very dangerous sign as this move can take all the stock markets and commodities toward new lows. We don't have any doubt on rise of dollar towards three digit by the end of the this year.
The most unique trend in the market is ready to develop so get ready.
Friday's trade:
Buy dollar
Sell metals - Gold and silver (metal stocks have come down sharply during this week and more weaker trend is pending). We still believe that gold won't be able to cross $964 and silver $15.57.
Grains are trading higher, we expect an upper trend on Thursday and Friday so one should start selling.
Buy Treasury bond from next week
Natural gas moved up sharply yesterday so one can hedge position buy buying gas and selling crude oil. Oil has topped yesterday around $72.30 and this is a great opportunity to selling.
Trading note: Don't fear when market moves aggressively for few hours because the powerful traders want you to get away from market when they are on top or bottom.
Thanks & God Bless
Mahendra Sharma