WEEKLY LETTER FROM 21 TO 25 OCTOBER 2007
Today I am not able to write the newsletter in detail as it is my ninth day of water fasting. I am therefore going to forward you some of the updates in the course of the week.
What we have been saying for the previous two weeks concerning the stock and commodity markets was finally proved right on Thursday and Friday last week. My warning and request still remains intact, and thereís therefore no need to risk your money in any buying position in the current market. Those who have taken a short position should hold the position and always remember to partly book profit. Meanwhile, my dollar prediction is struggling and I am sure that it is overdue - I will be very satisfied once the prediction is fulfilled, with all currencies losing 30 to 40 percent against the dollar in the longer term from current levels.
GOLD / SILVER
This week gold and silver will trade with huge volatility. One should buy gold and silver on Tuesday if they decline, for they are poised to thereafter rise rather sharply in the last 90 minutes of
I do not recommend any buying to carry forward from next week for the short and medium term, therefore take a short term trading opportunity.
PLATINUM / PALLADIUM / COPPER
Platinum is trading in a very dangerous zone and it is a lifetime opportunity for selling it as a 30 percent fall is on the cards after this week. Copper and palladium will also stay weak after Thursday. However, they may rise on Tuesday and Thursday. The medium term outlook for these metals is that they are entering into bear market.
Many stock markets around the globe have had a rough time and the decline is not yet over. One can therefore hold a short position in the Asian market. The European and the
I am quite negative concerning the European market for the medium and longer term. Furthermore, the 30 percent correction in the Asian market is still not over yet and it would therefore be advisable not to buy at this stage.
Thursday and half day of Friday we may see short term rally in markets.
COFFEE / COTTON
Both soft commodities have been trading according to planetary guidance and it is now time to buy coffee and cotton. One should therefore commence buying from late Tuesday or early Wednesday morning.
ORANGE JUICE / LUMBER / SUGAR
There will be a sharp correction in orange juice from this week. Lumber has been trading at the lowest levels and it will stay weak or in a sideways trend for several more weeks. One can buy lumber on Wednesday for day trading as it may sharply rise, though this shall merely be a false rise. Meanwhile, the time has come for buying sugar, therefore go ahead.
There will be a sharp correction in soy bean, soy oil and soy meal. Consequently one should sell the three products and hedge the position by buying corn. Avoid trading in wheat as it is still inclined to move downwards. Big fall in grains is on the way any time from Thursday.
Each rising should be taken as a selling opportunity for crude oil, RB gas and heating oil during this week. They have all achieved their tops and I thus perceive a sharp correction coming from here. It is therefore time to make money especially since planetary movements indicate that the month of November will not be favorable for energy trading. Fall in oil will start from Mid session of Thursday.
I have a persistent thought each passing day: that many people will unfortunately be forcefully thrown out from their dollar positions. This is so because all indications currently spell doom for the dollar and everyone is talking negatively about it; and consequently people donít see hope for the dollarís future. For some reason I am extremely confident that there will be a strong dollar trend, but I am also apprehensive that 99 percent of traders will miss this short term, medium term and long term move due to the current blinding noise.
Buy the dollar and Japanese yen and sell each and every other currency.
Warning Ė Australian and Canadian dollar to have free fall, They not only in negative astro wave but they are in -50.00 points so whenever this stage come we can see only horror in that markets.
Alternative energy stocks have made tidy amounts of money for my members and they will perform well in the longer term. However, a short term correction in the market may bring down the stocks a bit this week. One should thus look for a buying opportunity this Thursday on each fall but buy gradually for the next three weeks as the stocks decline. THURSDAY IS DAY TO SELL ALL CURRENCIES EXCEPT YEN AGINST US DOLLAR.
IF SUPPOSE, I HADNíT WRITTEN ALL THE DETAILED PREDICTIONS, THEN THIS WOULD HAVE BEEN MY BRIEF NEWSLETTER OR FINAL NOTE:
Trades from Thursday:
SELL OIL, RB GAS
SELL COMMODITY CURRENCIES
THIS WEEK METALS AY FIGHT FINAL BATTLE BEFORE THEY MOVE DOWN SHARPLY
GRAINS WILL FALL
BUY COFFEE, COTTON AND SUGAR
HOLD SHORTS IN ASIAN MARKETS
My personal note - Please don't forward newsletter to non-subscriber, we can give one week trial if some one interested in subscription. Thanks for your kind support and trust.
Thanks & God Bless
Mahendra Sharma, 20 Oct 2007