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Today's Trade & News

This week newsletter & 50% increase in newsletter prices from next week..

Dear Members,

As predicted, the dollar was strong during the last week. When a good time comes for any commodity or currency, reports concerning it become positive and everybody gradually starts commenting on that subject. Five months ago, no one thought that the Euro could go down like it has, but time or the wave has made it happen. Negative news against the Euro slowly started floating and its holders and buyers soon began losing faith as well as money. Well, it doesn’t matter whether millions of people hold it or buy it; the wave is capable of breaking each and every barrier. Some of the questions in peoples’ minds today are whether the Euro will survive, how much further it will go down and if the correction over.

 

I shall write briefly concerning this in the currency section of the newsletter.

 

Let us now see what this week says:

 

PREDICTIONS FOR 6 JUNE TO 10 JUNE 2005

 

GOLD

Last week, gold went up on Thursday as predicted, a positive sign on a positive day. The US Dollar has also been moving up though its impact on gold has not been too negative in the last two months. The signs are therefore encouraging though the time factor for the medium term isn’t in favour of gold. Indeed, gold’s short-term outlook for the month of June as well as its long-term are remain positive. However, the same cannot be said for the medium term (three to nine months).

 

For this week, gold will trade on weak side but not have much changes in prices overall by Friday. Gold will be down from Monday to Wednesday though one can buy on Thursday and Friday.

 

Always bear in mind that the performance of gold will not be good for 2005. It looks weak after June and half of July and I shall update you if any changes occur.

 

This week Gold will move in the range of $426.80 to $419.80 (spot price).

 

SILVER

During the previous week, silver traded as though it had no relation with gold and the US Dollar. Indeed like I always remind you in the commentary, my long-term outlook for silver is very positive.

 

Silver will be sidelined this week or trade down till Wednesday. One can buy on Thursday or Friday.

 

Next week will be very important for metals and I shall do my best to guide you on how to plan for June and half of July.

 

This week’s low side will be $7.29 and if it breaks this level, then it could go to $7.20. 

 

COPPER

For the most part of the last three years, I have been more than 90% accurate on copper. However, the last three weeks have been inaccurate and this alerts me that there may be something else. Today I have done a detailed study on copper and it seems as though it will have a sharp decline before Wednesday’s market close. If this doesn’t happen, then I shall recommend that you cover all short positions in it on Wednesday before New York’s closing.

 

Please therefore WAIT TILL WEDNESDAY FOR THE NEWS ALERT FROM ME.

 

PALLADIUM/PLATINUM

Both commodities will be range bound though one can start accumulating Palladium from Friday. No new buying is recommended in Platinum.

 

OIL

Oil went up quite strongly during the last week and I remembered that in March I had recommended buying oil from 19th May. On 18 May oil was trading around $47 and it would have been great buying at that price. I however missed that and recommended shorting it last week.

 

All my major predictions on oil in the last three years have been fulfilled.

 

This week oil will be weak therefore new selling RECOMMENDED but cover it around $51.10 and wait for my predictions next week.

 

Oil will trade in the range of $48.10 to $56.90 in the month of June.

 

I don’t see any rise in unleaded gas, heating oil and natural gas so please don’t buy them or hurry to cover your short.

 

COFFEE

Last week coffee prices moved up. This week, July’s contract will trade above $130 and I am therefore recommending buying on down ward.

 

COTTON

This is a good period to accumulate cotton once again from Tuesday and I am therefore recommending new buying for the short period BUT sell on rising because second half of June and July is not that positive.

 

COCOA

This week cocoa prices will move up till Tuesday and then they shall fall, therefore trade accordingly.

 

STOCK MARKET

Last Friday’s trend confirmed that the USA and European markets will fall. Please therefore go short in all major indexes from Monday. You shall witness the unique power on Nature from Monday, as it will be very volatile on both sides, eventually ending on the down side. However, don’t be scared of any upward move.

 

This will be a great week to short all major stock markets.

 

I still recommend alternative energy stocks (FCEL, BLDP, MCEL, DESC, PLUG, ESLR, MDTL, ENER and few other area USU, WMC, USEG) can be good buying for 2005/6.

 

SUGAR

I see a very strong rise coming in the future market of sugar and one should therefore hold or buy at this stage if you don’t have it in your portfolio.

 

TREASURY BOND

In my news alert, I recommended selling bonds on Friday. They went up and then a sharp decline occurred. For the short-term, one can short the bond because they may fall up to 115, though bearing in mind that my long-term outlook for the bond is very positive. Many traders that have been trading in the bond market for many decades are still not convinced about my long-term view. Well, I always leave everything to time as it unravels all answers.

 

GRAINS

Last week grains were quite volatile. Corn and wheat remained down though soybean looks as though it will fight back.

 

On Monday and Tuesday of this week, grains should remain very volatile or down. My recommendation is that you accumulate grains on each fall and ignore expert news as well as weather conditions because nature wants to take them up but weather will try to play negative. Indeed, it will take the necessary steps required for grains to move up.

 

CORN IS MY MOST FAVOURED AND COULD SOON CROSS THE 300 MARK ON ITS WAY TOWARD 400. July contracts are currently trading around $218. The down side risk is three to four percent.

 

CURRENCIES

The US dollar index is moving like a Tsunami wave. It is 100% in the grip of nature. The down side risk is 1.5% while there is no limit on the upside.  Why therefore not with the rising nature wave. In the whole process of the dollar’s rise, the Euro was the most wounded. I see it stabilizing around 1.1880 and trading in the range of 1.1880 to 1.23.88 before moving down towards 1.12.

 

For the medium-term, all currencies shall steadily lose the battle against the US Dollar.

 

From Monday to Wednesday of this week, the dollar index and indeed all currencies will remain very volatile. Only active traders should trade, as price movements shall be very fast on both sides.

 

The dollar index should touch another new high this week. From Thursday, the dollar will assert its dominance once again.  

 

The dollar index will soon trade above 90.00 after being involved in a war-like situation with other currencies.

 

I sold part of my dollar index holding on a high last week and will buy again on weakness during this week.

 

I SHALL BE IN ZURICH (SWITZERLAND) IN THE LAST WEEK OF JUNE REGARDING MY PLANS FOR A FUND.   

 

 

ONCE AGAIN – THE PRICE OF MY NEWSLETTER WILL BE INCREASED WITHIN TWO WEEKS. THOSE WHO WANT TO EXTEND THEIR SUBSCRIPTIONS STILL HAVE A CHANCE TO DO IT NOW. JUST SEND US AN EMAIL REQUESTING THE EXTENSION.

 

I HAVE FAITH IN YOU NOT TO BE FORWARDING MY NEWSLETTER TO OTHERS. THIS IS A PAID SERVICE FOR YOUR SOLE USE.

 

Thanks & God Bless

Mahendra 5 June 2005

www.mahendraprophecy.com