Dear Friends,
Here is Mondays Flashnews which I would like to share with you as important time ahead.
Thanks & God Bless
Mahendra Sharma
Dear Members,
Three important things we have mentioned in this week newsletter and these were:
USA market would outperform each market in shorter period of time but yes weakness will also start in USA market from late Tuesday and correction will remain for th few weeks in all other markets so stay away until 27 May. Asian and European markets ready to tank big from late Tuesday to Friday.
Last week base metals corrected big as expected, this week also we see huge correction in copper, platinum, palladium, zinc, aluminum, nickel and base metals stocks to nose down big so watch this carefully, hold short position in base metals. This week newsletter we mentioned that great time to accumulate base metals short ETF’s and base metals stocks. Don’t cover or buy back until Mars turn positive so wait for our indication which may come in early June. Watch SMN, GLD, DTO, EDZ and FAZ.
Monday precious metals traded as predicted but from Tuesday we are expecting huge correction and I don’t know where this correction will end (surely not before 27 May) so stay away from metals. Still 20 to 30% correction can’t be rule out as there was powerful Astro indication that is why three months back we mentioned gold could reach $750. Trade carefully in metals and metal stocks as metals will pass through worst Astro cycle. This Tuesday to early Friday we see metals falling sharply.
Coffee is one of our favorite now after dollar, Monday it moved up sharply, any corrections should be taken as buying opportunity.
Grains to remain side until 15 May, short term traders should buy Soy and corn on Thursday.
In this week newsletter we also predicted sharp fall in oil from mid Tuesday so watch this prediction, Fall will continue for whole of this week.
This week we are very negative on commodity currencies, also pound and Euro will fall. Tuesday is good day to buy Yen. Dollar index should hit 2010 high during this week. Keep accumulating dollar on any weakness or around 82.20.
This week - We are expecting gold and silver to fall up to five percent. Oil will fallow metals. Our first target in gold $1123 and silver $17.12. Oil will easily reach $81.20. Currently gold is at $1186, silver $18.71 and oil $86.35. My astro calculations says that big crash in base metals, metals, oil, and stock will happen from Tuesday and dollar will be only one on rising side (it will be on fire).
Thanks & God Bless
Mahendra Sharma, Monday 23.30 New York