Published on: 5th March 2009, 10:00 PM Pacific Time
Dear Members,
In this week newsletter we recommended cover short at lower price on Thursday in metals and we saw recovery from yesterday. Today we see a great opportunity of selling in metals because soon worst cycle is starting for gold, silver, copper and platinum. We expect 50% fall in metals from here.
Maximum side gold can touch 948 to $953. Even at current price $943 is good opportunity of selling. Silver trading at $13.49 now and from here it can rise up to $13.60. Big fall in copper and platinum is on the way so get out 100% from metals on today and on next Monday as well.
Oil is trading as predicted and it should trade positive today, we expect $47.80 from here.
Rise in grains should be taken as a selling opportunity on Today and Monday.
We recommended cover shorted in currencies against USD, and that proving right but great opportunity of buying USD from late today in New York or early Monday.
US stock market is went below over predicted price but 7 March 2009 was our deadline and we expect strong rebound from 6500 level. We expect 1000 to 1500 point rally in DOW Jones in the next two weeks.
Best trade: Sell metals on rise today as today rate we won't see in the next four years. They are entering in most worst cycle of history and downward trend will be quiet nasty one.
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Very old interview with Derek and others..
Thanks & God Bless
Mahendra Sharma