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Today's Trade & News

Here is my view - Year is ending and time to rectify mistakes..

Dear Members,

This is the last week of 2005. Time never waits or stops. It is always in motion- ever accumulating. Indeed our own life is time that passes in way of days, months and years; subtly passing through that we hardly ever realize it.

 

Year 2005 was quite volatile especially in regard to commodities. Oil made history while also issuing a clear warning to look for alternative energy sources. This is the time to embark on this quest, as ten or twenty years hence may be too late. Meanwhile, the ascendance of China and India has changed the face of the commodities market with their demand while raising concerns over availability of adequate supply in the future. Rising prices of oil and metals will motivate the mining industry to work even harder to meet the rising demand. With the higher prices, they shall definitely strive to achieve this.

 

In the last century, sharp rises and falls in the metals market never attracted regular inflow of money from big institutions or business houses. However, time is now changing and we have noticed that since 2002, metal prices have been gradually increasing. This is attracting many new genuine investors and major corporations as they now get a whiff of the money in this area. The long term out look is positive and those who will get into this sector will not regret in the long run.

 

This century is for nature and natural products. Being part of nature, oil and metals are unique and they shall rule the world. However, caution is necessary as they can also destroy the world economy. I am sure that economists are carefully monitoring the situation as these two commodities can change the face of world economy and economic data. This could exert pressure on inflation and interest rates. We shall examine more of this in the New Year.

 

Unprecedented damage has been occasioned by natural calamities in the last few years. Last year, the Tsunami occurred. This year, Hurricanes devastated the USA East coast as well as the gulf region. In Pakistan, the country is still trying to recover from the earth-quake disaster. 

 

For the time being, terrorist activity is decreasing and this is a good sign. We must thank leaders and nations for their efforts and the important roles they are playing in order to eradicate terrorism from this beautiful planet.

 

Let’s talk about the final week of 2005

 

PREDICTIONS FOR 26 DECEMBER TO 30 DECEMBER

 

THE BEST RECOMMENDATION IS NOT TO TRADE ANYTHING DURING THIS WEEK AS THERE ARE NEGATIVE PLANETARY COMBINATIONS. FURTHERMORE, HARDLY ANYONE COULD GAIN FROM TRADES DURING THIS WEEK. THAT NOTWITHSTANDING, IT IS STILL MY DUTY TO PROVIDE YOU WITH A NEWSLETTER, SO HERE IS THIS WEEK’S:

 

GOLD

This year gold finally crossed the magical figure of $500 after which it remained quite volatile. In the last quarter, metal stocks also had a great performance. Throughout the year, metal investors have had good returns in metals and they shall see many more years like this in coming time.

 

In the previous week, gold remained range bound though last Tuesday’s weak trend will surely spoil this week’s trend. If gold had been positive on Tuesday of last week, I could have predicted a most powerful next thirty days but let see. 

 

This week gold will once again remain in the range of $512.80 to $494.80. Metals will be weak from Monday to Wednesday. One should therefore sell gold on Monday opening and cover back on Thursday.

 

PALLADIUM/PLATINUM

Both metals have been falling sharply in the last week and I expect the same for this week. Once again, the top has been formed and one can buy put in platinum for next year. Palladium may not fall much but I still don’t recommend buying.

 

OIL

In the last week oil was weak and it looks like the rising power has ended. Where are all the oil buyers? What happened to Goldman Sachs analysts? It is shameful that these analysts predict for their own personal gain. My intention is not criticism, but the truth is that only a handful of analysts and advisors are doing it fairly: most have a personal interest.

 

I will never do that: I would better stop writing my newsletter because I hate faking or doing wrong for my own personal gain. It has taken time for me to prove my work and the hard work has paid even though I have been wrong many times on a few areas.       

 

This week oil will also trade in the negative direction and you should therefore avoid trading it. During the week, oil could touch $55.10 (good price to buy for short period) with unleaded gas, heating oil and natural gas following its trend. Next year’s trend will be interesting for oil and we therefore trade accordingly.

 

CURRENCIES

In the last week, the dollar index made handsome gains and I expect it to rise even during this week. This year the dollar index has moved up more than fourteen percent, a clear indicator that Saturn and Jupiter have been on its side and wish to continue supporting it.

 

I cannot name anyone, but a few key traders from a leading banker have openly confessed that they made a major mistake earlier this year by shorting the dollar. As a matter of fact, they did not like my bull prediction about the dollar and even contemplated cancelling their subscription. However, they are now very much thankful to my ‘wave of nature’ theory.

 

I feel encouraged to receive this kind of comment especially from leading institutions and big trades. Trading is an art that one has to develop; do not rashly buy when I recommend. Take time to study and watch the trend and then you can confidently start trading in my favourite or recommended areas.

 

Last week the Australian and Canadian dollars remained weak as predicted. They should actually fall continuously though all currencies will also fall. Once again, the dollar will emerge victorious. My ultimate target is not $94 but $98.8 and above $100. However, this journey promises to be very tough and I shall do all I can to guide you. I shall have to apply my best knowledge of astrology in the year 2006.

 

As we come to the end 2005, I would like to ask for forgiveness if I hurt your feelings or suffered because of me in 2005: please forgive me and I shall do my best to work hard in 2006 to provide more accurate financial prophecies.

 

I wish you a Merry Christmas and a Happy New Year. May the New Year bring you great success, happiness and wealth. We pray for a peaceful world where each one of us will live in joy, love and harmony; ever mindful and helpful of each other.

 

From the first week of 2006 we shall unveil the new look of www.mahendraprophecy.com. You shall all be able to log-in and read the newsletter. NOTE THAT THIS IS THE FINAL WEEK IF YOU WOULD LIKE TO EXTEND YOUR SUBSCRIPTION AT CURRENT PRICES.

           

We must all have worked hard and many might have achieved more than they anticipated. Just as many must have been satisfied, others are still working hard to achieve what they planned. On the other hand, many went wrong as matters took the opposite direction in 2005.   

 

I SHALL PUBLISH DETAILED PREDICTIONS IN THE FIRST WEEK OF 2006, WITH MY VIEWS ON FINANCE, GEO-POLITICAL SITUATION AND THE ROLE OF NATURE.

 

Thanks & God Bless

Mahendra 24 Dec

www.mahendraprophecy.com