Sunday, 30 January 2005
Here are a few new changes from Jan 2005:
I have started writing a separate monthly newsletter for free with weekly newsletter which comes out in the first week of each month, which provides all my members a brief outlook of market.
3295345 (3.3Million) visited on mahendraprophecy.com. Thanks for your support and love from about 110 countries.
There is the Jan newsletter which was sent on 1st of Jan 2005 to all my memmebrs and Febuary monthly newsletter will be out on 1 Feb.
Here is overall view form 3 January to 31 January (Monthly newsletter)
During the month of January gold will remain directionless. Those who like to buy for long term can wait low prices. One can make trading plans, like three percent rise from the current price can be taken as an opportunity to sell and two percent drop can be a opportunity to buy. So this whole month you should get in and get out on small profit because I am not expecting it going to roof in this month. My weekly newsletter will guide you on short term movement.
During the month of January silver prices will remain stable compared to gold. Those who want to make long and short term investment can wait because after that it will rise quite strongly. Avoid trading in second week of January because prices may drop quite fast (artificially) for three days.
Don't trade in platinum in the month of January. I recommend selling in it.
Price range of $170 to $185 can be great buying range. Palladium will be best performer in metal sectors in the month of January.
High volatility is indicating in it during this whole month. I see prices of copper touching a new high in early January but it will also fall quite fast in near future (I will write on that), so be careful trading in copper.
Trend of oil and natural gas will remain down. Rise can be taken as a selling opportunity.
I see dollar getting stronger after 7th of January so trade accordingly in all currencies. My weekly newsletter will guide on this.
All major stock market will have a downward trend from the 13 January and they will continue decline in a small way but it will have a major fall from the third week of February (I DON'T KNOW THE REASON FOR DOWNWARD).
From the second week of January coffee prices will move up again and will remain strong in the range for the whole month.
During the second week of January all grains (Soybean, corn and wheat) will remain very volatile so avoid trading in it but from 15 January they will have a rise so one can accumulate in small way.
Except the first week of January prices of treasury bond will move up continuously for the whole month. One can buy even it at this level for speculation.
IMPORTANT NOTE: CHINA MAY ANNOUNCE NEGATIVE NEWS ON IT'S GROWTH, THAT MAY HURT COMMODITIES FOR SHORT TERM.
Thanks & God Bless
2 Jan 2005