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Today's Trade & News

SMALL PART OF THIS WEEK NEWSLETTER...

Dear Members,

Last week gold traded at a new high while silver also moved up above $8.00. Both metals remained strong from Tuesday to Thursday whereas Friday had a mixed trend as predicted. This is a clear indication that the metals are trading by the direction of planetary movements. Once again I was wrong on the stock market and off track about copper and grains as well. Let the December contracts expire, after which the real picture should emerge about the trend to follow. One can however short, at least for the short term.

 

Oil traded below $57 and the dollar index remained strong. A year ago, I mentioned that a time would come when big money would follow the commodity market; which is what we are seeing at the moment. I shall talk more of this in my book.

 

Let’s see what is indicated for this week:

 

PREDICTIONS FOR 21 TO 25 NOVEMBER

 

GOLD

I am happy to see the friendship between gold and the dollar; they are both walking together and this is of course a new chapter for both of them. This new golden era is fine for the USA but not a positive one for other countries. Inflation is a reality, and on average, commodity prices have gone up in the last two years and especially 2005. Are rising commodity prices (especially gold) good for the middle class investor in developing countries?    Will the common man be able to buy gold at these prices or will a continuous rise push away the middle class and others from having gold?! This is a different issue and of course a good point to debate, but at the moment let us dwell on this week’s trend.

 

Last week gold touched a seventy year high. Oil money moved into gold as a positive short term planetary re-alignment occurred for gold. This is nothing compared to what will happen in future. Though not next year, gold will at one point go as high as $800.

 

On higher side may push it towards $496.80....

 

IMPORTANT NOTE: GOLD SHOULD NOT TRADE NEGATIVELY AS THIS IS A POSITIVE WEEK BUT...... 

 

I shall provide an important message or alert in the next seventy two hours because this week’s trend will determine next week’s movements: Indeed, I expect some drastic developments and shall therefore be closely watching for any changes.

 

SILVER

.........my next target is $12.80 if it trades above $8.00 for twenty one days. This week silver should be volatile and may remain in the range of ..............

 

COPPER

Today I am putting copper in the third position as it is very important: a lot of short sellers have been stuck in it. A few powerful traders have been buying it continuously and making a big killing. Tuesday will decide the future fate of copper. Any negative trend on this day will be a confirmation that the short, medium and long term top has been formed. Last week I mentioned that the maximum it can go up is $198.80 and I still hold the prediction.

 

WAIT FOR MY ALERT ON TUESDAY ON THIS.

 

PALLADIUM/PLATINUM

Once again, I recommend booking profit in both metals. Palladium may make another new high, but not so for platinum.

  

COFFEE

Coffee went down as expected in the last week and this week prices should remain range bound. I do not recommend any new shorting in it.

 

COTTON

Last week cotton prices were a bit weak but this is a great opportunity to buy.

 

TREASURY BONDS

Last week bonds move up as predicted. This week, they should similarly rise. No shorting is recommended for the thirty year bonds.

 

OIL

For the previous week oil started trading below $57. This is actually a short term buying opportunity. One should buy oil on Monday and await my Wednesday alert. If oil doesn’t move up by Wednesday, this will be confirmation that oil’s strength is over and that it should touch $48.90 on the low side.

 

Wait for my alert on Wednesday.

 

My website may soon have a new look while finally, any one as well as current members can extend their newsletter subscription at current prices before there is an increment.

 

THANKS & GOD BLESS

Mahendra

www.mahendraprophecy.com