Let us now see what this week indicates:
PREDICTIONS FROM 7 FEBRUARY TO 11 FEBRUARY
On Friday last week, gold prices remained stable even though the US dollar was gaining. This is the sign that I have been talking about but which shall soon be proven. One can start accumulating gold from Thursday and it will rise strongly on Friday. Get out next week on its weakening (though I see this being for only 36 hours) and then you can buy again. During this week, gold will trade in the range of $410.80 to $422.20.
DON'T IGNORE SOUTH AFRICAN METAL STOCKS ONCE THEIR EARNINGS ARE OUT. THE PLAN OF INVESTMENT SHOULD BE FOR ELEVEN MONTHS.
It is poised to take over power and all commodities will troop behind it. Finally one can start buying from Thursday and trade according to the movement. After 21 February, silver will rise without any obstacle and one must therefore have finished accumulating by then.
Silver stocks like CDE will have a great rise in the near future. It is currently trading around $3.60.
During this week, palladium prices will rise continuously but a strong upward movement will be witnessed from the third week of February.
Stay away from both of them for the first three days and one can buy for a short period on Friday morning.
On Monday or Tuesday of this week, there will be a false rise after which it will go down again in next week. Stay out of buying positions and those who are short should remain short.
The rising movement shall remain continually for another week. A great time to short the market is soon coming on top high and it will be like Jessie Livermore’s right selling day back in 1929. Within 20 days, you may receive my alert to "GO SHORT" because I see an end of an era for the
The Dollar will rise continuously from Tuesday, with Monday being quite stable. The Euro, Pound and Yen will move down till mid-week and there will be a rapid downside movement from Friday in the South African Rand. The first downward move in the Euro will end at 1.2580 and a short can therefore be covered around that price. The Pound will reach 1.8380 in the first down wave.
As predicted, it will finally hit a new high of $111.75 on Friday. Patience has finally paid off huge returns for those who bought at my recommendation when it was at $65.
In the world financial market, you can reap 30 times or more of returns in a year if you chose two top commodities that are favoured by nature and continuously trade in them but two things should watched, 1. over speculation 2. greed because both these are not favoured by nature).
What you are waiting for? Go ahead and buy in part on Thursday and Friday. I see a great rise coming from next week.
Corn could give stable returns in the year 2005. Buy it at around $195. Wheat and soybean may also go up in but my favourite is corn.
From Tuesday of this week bond prices will come down and one can therefore sell. However, buy back before Thursday’s closing because they will rise again from Friday. Furthermore, I still hold my prediction of a long term rise in the bond prices.
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Thanks & God Bless
Mahendra 6 Feb 2005