Tuesday, 07 April 2009
Dear Members,
On Monday gold, silver, bas metals, stocks, oil and other commodities traded as predicted. We still hold our prediction of falling metals and base metals from current level so our members should hold short position in metals as well as metal stocks. Any rise in gold and silver should be taken as a selling opportunity. Our first target of gold $872 and silver $12.09 has been achieve, now next target is $838, and $11.32.
Base metals will have major correction from Thursday. Build short position.
Soft commodities came down sharply on Monday as predicted, and we don't recommend any buying or short covering at this stage. One should hold short position.
Monday oil came down as predicted, now next target is $45.80 so hold you shorts.
Grains will move down sharply from Thursday.
We recommended buying dollar on Monday because we see sharp rising from current level. US dollar moved up sharply yesterday and today, we still see positive trend from current level. Next target for Dollar index is 90.
I am at my spiritual place, I will be here for another three days but still I will try my best to guide if any volatility come.
Thanks & God Bless
Mahendra Sharma