Dear Members,
In this week's weekly and daily newsletters, we recommend holding long positions in gold on Monday and Tuesday, and taking some sell positions on Tuesday across all metals. Don’t carry any long positions in base metals; close all long positions in base metals on Tuesday. The Middle East crisis won’t be able to push metals further higher.
One can take some short positions in base metals, but don’t short gold; close long and take some put options, but some more volatility is still pending in the next week.
The US Market recovered on Monday, as predicted in the daily and weekly newsletters, and the same trend will continue on Tuesday. One of our favorite stocks, AAOI, performed very well, but our top pick, CRDO, has been acting very negatively. It closed in red on Monday after earnings, which is a very surprising sign. I will be very disappointed if CRDO closes in the red on Tuesday.
I recommend buying AMPX, which will announce earnings later this week.
Starting Wednesday, a crucial period is underway, but I am not worried about the market after the middle of next week.
The dollar index rose, and on Tuesday it will gain some more. The dollar should top out this week and close all long positions in USD next week.
Energy prices are holding value, and on Tuesday, we may see a supportive trend, but close long in oil on Tuesday.
Grains and softs will struggle.
Our buying recommendations in Crypto from last week Friday have done very well, and we are still recommending staying long in crypto and crypto stocks. Buy more CRCL, MSTR, ETHU, SOLT, and GLXY.
The thirty-year bond lost value, but buy on weakness on Tuesday.
Thanks & God Bless
Mahendra Sharma