Thursday, 11 September 2008
Dear Members,
As per our newsletter we expect small recover from late Thursday in commodities and currencies. Though I don't expect any major rise in commodities but surely they will rebound from low.
I am expecting a small rebound in oil and metals. Euro will rebound from $1.39, Pound 1.74 as well as Ausi and canadian dollar but metals and oil closing in red can be worst news so lets hope that they recover today as moon supprting for short period.
Gold is at $747.8, silver at $10.81 and oil is at $101.80. If they break these level and trade below for two hours will confirm that metals and oil moving toward lows. I will write alert on Friday or in Sundays weekly letter.
USA stck market will rebound from 11050.
I will send one more update around closing time.
Thanks & God Bless
Mahendra Sharma, Thursday, 7.00 AM Santa Barbara