Dear Members,
Short-Term Market Outlook:
Markets experienced a sharp decline following President Trump’s announcement of a 100% tariff on Chinese goods and his potential withdrawal from the upcoming meeting with Xi Jinping. This uncertainty triggered intense selling, particularly in tech stocks. Despite the volatility, our weekly letter advised taking long positions, and we remain confident in a strong rebound.
We continue to recommend aggressive buying on Monday, as we expect a sharp recovery. Stay long or hold your positions—NASDAQ and S&P are poised to rally at least 6%. Avoid shorting the market, even if it surges today, as momentum could carry it higher throughout the week.
Short-Term Metals Outlook:
Gold, silver, and platinum moved sharply higher. We advise staying long for now, but be prepared for our upcoming aggressive short recommendations. Silver is on track to test $51.00, and gold is approaching $4138.
Copper is likely to gain further—close long positions around the $518 level. Prepare to sell platinum and palladium as they near resistance.
Other Asset Classes:
- Energy: Oil, heating oil, and RB Gas are trading near their bottoms.
- Currencies: A major collapse is imminent—stay cautious.
- Bonds: The Thirty-Year Bond is set to gain significant value—position accordingly.
- Buy these stocks: UUUU, MP, USAR, CRML, TSM, CRM, CRDO, SOUN, ALAB, TSM, MSFT, and AMD.
Thanks & God Bless,
Mahendra Sharma