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Today's Trade & News

Glance at last weeks newsletter, yes US dollar is King, oil killed its own destiny...

Hi Friends,

Here is part of last week, weekly financial newsletter and I am sure you will enjoy it.

 

Dear Members,

Time has come for us to meditate and begin a new chapter in life as we now have the kind of opportunity that only comes but once in a lifetime. I am talking about the USA stock market, whose stock prices have declined to levels that are hard to believe. However, once prices begin to recover, they will initially move up sharply and then trade at the bottom of the “U” before giving way to a historic trend. Times are indeed different as you can now pay 10% or less of what you would have paid a year ago for some stocks. This means that the current slump in the stock market is 10 times greater than in the real-estate market. Indeed, today you can even get into some good companies for five percent of their former price, with $100 stock trading around $5. I therefore don’t see why one would still not buy at such incredible levels. If a house worth $100,000 is going for $5,000, would you buy it or not? I think that there is too much news floating around, and the media is confusing real investors. There is fear everywhere and decisions are therefore being made in panic other than based on sound fact and careful consideration.

 

My advice is that one should watch out not to be saturated with negativity. It is therefore important not to think negatively too much or read too much depressing news. One should be firmly in control and consider the larger picture while making decisions. If I am wrong for a few days or week, this shouldn’t make one lose faith because we are in rhythm with planetary movement and are closely walking with the astro cycle. Once again, time has come to begin taking position in good stocks. We should however know that economic news and fundamentals will keep changing according to new developments. For instance, when oil was trading at $130, economic indicators showed that it could move further up, but this was not to be. The economic indicators never indicated that oil would head towards $50 before year end.

 

My experience of the last 23 years in the financial market shows that economic indicator start floating once an event or trend takes place. This means that very few people are able to see the future trend and adjust accordingly. Most people simply predict by following current trends or news. I feel that I am one of the lucky people because I learnt astrology, which I follow diligently. I predict without fear even though I have had rough patches once in a while. My strong faith in this subject has been eventually vindicated as astrology has proved to be accurate. Astrological indicators have clear signals of a bottom out in most stock prices in the USA. Looking at Friday’s move in the HUI and XAU (metal stock indexes), it is apparent that we are very close to a massive upward trend in stock prices. Many stocks will rise more than three hundred percent from here before stabilizing. A very unique journey will then commence.

 

FINANCIAL PREDICTIONS FOR 24-28 NOVEMBER

 

GOLD/SILVER

Thursday and Friday’s trend in metals last week was very important. If metals had traded weakly, it would have caused massive damage to gold and silver in coming days. Silver could easily have gone to $5.5 and gold to $5.50 as well, but that is no longer the case.

 

This week gold and silver will remain positive, therefore those who bought last week can hold the position or one can buy on Monday and hold position in metals and metal stocks. Any sharp rise on Tuesday should be taken as selling opportunity or when gold reaches to $839, while any sharp fall should be taken as a buying opportunity on Monday morning or Tuesday morning. The market is therefore likely to trade on both sides as the Moon is directionless from Wednesday. The best advice will be to buy during weakness.

 

From Monday to Friday, metals are poised to remain positive. The trading range for gold will be from $798 to $839 while that for silver will be $9.32 to $10.48.

 

 

COPPER/PLATINUM/PALLADIUM/ZINC/NICKEL/LEAD

All these metals will trade positively this week and one should buy and book profit on Friday. There is no need to watch your computer screen everyday as prices will move up continuously.

 

The best trades will be in platinum, zinc, nickel and lead. One should look for a ten percent rise these commodities, which is like 100% in stock rise. We should expect platinum to reach $880 as well as the other commodities.


COFFEE/COTTON

Both these soft commodities will remain sideways and we still don’t expect much of them. Any rise in these commodities should be taken as a selling opportunity during this week. 21 January will be the right time to accumulate coffee and cotton.

 

COCOA/LUMBER/SUGAR/ORANGE JUICE

These commodities will drastically move down towards new lows, therefore no money should be invested in this field. Sell on any rise during this week.

 

STOCK MARKET

It has been a nightmare on Wall Street. Global markets are following Wall Street and they are shrinking fast as well. We still hold our prediction very strongly that the DOW will hold 78000 and anything around or below this price should be used for aggressive buying in the stock market. Once again I would like to remind all investors not to buy any international markets if one does not have a position in the USA market or the dollar. The DOW will outperform all international markets until Jupiter turns in their favor. Time has now come for one to start putting 50% of their money into alternative energy. Buy companies like FSLR, STP, SOLF, SPIR, JASO, HOKU and USU.

 

This week all major markets will remain positive, therefore look for a 5 to 6% gains. The most powerful trend will take place in the stock markets from 13 January 2009, and this will be the day to invest 100% in stock markets. As I have mentioned earlier in this newsletter, prices are too cheap and even unrealistic. We should all remember that after every bear market a new bull always starts. Similarly, a bear market will always come knocking after a bull market.

 

Monday to Wednesday morning stocks will trade positive some weak trend will start from Thursday.

 

GRAINS

This week grain prices will remain sideways or a little positive. I expected wheat prices to move up after September but they never moved up. Time is not encouraging for grains at the moment and I therefore don’t recommend any position in grains. One should sell grains upon any rise.

 

Monday to Wednesday grains will move up but from Thursday, they will fall. I see another 30% fall in grain prices from here and one should therefore take advantage to sell on any rise.

 

OIL

Last week oil finally came down to $51.80 within our predicted low target, and it will take some time before it bounces back. I have been stating that oil won’t bounce back to $80 in 2008, and it looks like this prediction will be fulfilled.

 

Oil is trading below $51.80 which is scary, and it will be very unsafe if oil continues to trade below this level. If oil trades below $51.80 on whole day of Monday, then it could touch $44.80. I am however sure that on Monday oil will bounce back and there will be a sharp rise from late Monday. Natural gas, RB GAS and Heating oil will trade with oil.

 

Trading range of oil will be $50 to $56.80. Oil will trade positive from here so hold position until we don’t get negative Moon.

 

CURRENCIES

Once again, we are in the final week to take advantage of the buying opportunity in the US dollar from Thursday. Planetary positioning indicates that you should load up the US dollar against the Australian dollar as it will come down to $55.50 before the second week of December.  

 

One should also sell the Euro as I see it coming down 1.1880 against the USD in the next three weeks.  

 

The Canadian dollar will also be in decline and come down to 0.7280, while the Mexican Peso will fall up to .68000.

The above targets indicate that the Dollar is on the way to make record gains in the next twenty days.

 

The Yen will remain stable but surely this week it will trade weak against all currencies. If you have a short position in the Yen against other currencies, then you should cover by Thursday.

 

The Pound and Swiss Franc will remain stable, but the Pound will surely touch 1.3880 in the next three weeks.

 

All currencies will trade positive against US Dollar till Thursday but after Thursday one should start accumulate US Dollar.

 

This week will be the best opportunity to buy the dollar and FINISH BUYING BEFORE FRIDAY. One should carry forward the dollar buying position to the following week.

 

This Monday, I have been invited to attend Nuclear conference and I will write in my next newsletter on this. 

 

Thanks & God Bless

Mahendra Sharma, Sunday 23 November

www.mahendraprophecy.com