Thursday, 26 March 2009
Dear Members,
Monday, tuesday and half day of Wednesday metals traded weak as predicted. Thursday we expected bit positive trend in metals and at this moment they are up, gold is around $945 and silver at $13.68. This is a final phase of up trend and from here we expect sharp corrections any time. One can hold their short if they are selling today because late evening lower prices are possible. We recommend selling here. (Maximum side gold can go upto $949 and silver $13.72)
Sell Copper around 187.10 and platinum around $1155 as we see 30% fall from here.
Oil should fall sharply from here so one can take sell at current price $53.70. Hedge position with buying Natural gas as we see upward move in gas.
One should book profit in stock indexes, but all our followers should look for quality stocks to accumulate at this level because biggest stock bubble of history is on the way. I expect Dow to come back to $7480 in few days.
During this week Grains and soft commodities moved down as predicted, one should sell on rise of today and tomorrow.
BEST TRADE: Dollar has bounce back from last week weak trend. Today is a great day to accumulate dollar between 83.80 to 84.30.
Thanks & God Bless
Mahendra Sharma, Thursday 10.00 am New York