Dear Members,
Precious metals continue their relentless ascent, driven by a medium-term mixed astro cycle and a short-term highly positive one. Notably, even on a few negative astro days last week, gold, silver, and platinum posted strong gains—signaling a powerful trend in motion.
As highlighted in our weekly newsletter, this week is expected to bring a sharp upward move in metals. So far, performance has been impressive:
- Gold is up by 3%
- Silver by 7%
- Platinum by 5%
Given this momentum, avoid initiating short positions at current levels. However, consider small shorts or put options if prices reach:
- Gold: $4138
- Silver: $49.39 / $51.15
- Platinum: $1800
- Palladium may test $1468
- Copper could reach $551 if it closes above $518 for two consecutive sessions
On the equity front, U.S. stocks lost momentum on Tuesday. Many of the frontline stocks witnessed profit booking, but I still do not recommend any shorts in the US market. Therefore, on the lower side, one can take a long position. The earnings session starts next week, and we are sure to have a lot of fun predicting the earnings outcomes of our favorite stocks. Still, AAOI, SOUN, NVDA, AMD, ANET, NBIS, DELL, MRVL, AVGO, and MSFT are top picks.
The Dollar, traded as forecasted, began trading higher, holding the $96.00 level and potentially heading toward our first target of 98.98 and further higher in the coming time. Our view is positive for USD.
The Thirty-Year Bond remains in a sideways pattern, showing signs of accumulating weakness.
In other sectors, crypto and quantum computing stocks saw profit booking. We recommend staying on the sidelines for now. While profit-taking is wise, avoid shorting these areas; another 10% upside is likely. Any dip in cryptocurrency today should be viewed as a buying opportunity. Buy SOLT, GLXY, ETHU, and BITU can move further higher.
Stay tuned for tomorrow’s Flashnews and next week’s newsletter—it could be one of the most pivotal updates yet.
Thanks & God Bless,
Mahendra Sharma