I am certain that you shall concur with me that patience is a virtue whose value cannot be gainsaid. Indeed, as the age-old maxim goes, patience always pays, if you are on right path. I believe in having a long term outlook as it is vital for success. A random consideration of people who have attained success and the great investors reveal that a long-term vision is crucial for one to triumph in the market. Do not examine your portfolio value each passing day because one day will present excitement while the next one will be full of disappointment. This can sap your energy levels and destabilize your capacity to focus properly. A long term perspective can help you traverse the rough patches while gliding over the smooth ones. Another important factor is that one never plays against the power or the wave of nature. History shows that no-one has won if he or she went against the flow or wave of nature.
For the last more than twenty years, I have sought to flow in harmony with nature and I have always found myself fortunate. Astrology is nature and I simply try to understand it concerning any area on which I make predictions.
Those who made long term investment in metals and metal stocks way back in 2001 must be doing very well. I try to understand nature and always share my knowledge concerning upcoming events through my website, the annual book edition and also through my newsletter. Let us see what is hidden for the next week...
Prediction for 1 November to 5 November:
In a television interview in 2001, I announced that this century would be ruled by gold, which would take over control of the world financial system. I also said that oil would play an important role in world economy because both come from nature and are a part of nature. For the last three years, both gold and oil have been slowly but surely marching onto the progressive path.
Last week was interesting because gold played a hide and seek game with investors and opponents. It finally appeared on Fridays last hour trading session and closed strongly.
There is a big discussion currently going on, with some experts on one hand saying that there will be a great fall in gold prices from the current level. On the other hand, some declare that there will be an upward movement. Understandably, the big question in all investors minds is whether to sell at the current high levels or to stay put and hold.
Here is what my reading indicates:
From the current level of $428.20, gold should rise to $438.80. On the downside, one can expect a price of $424.20.
If it breaks either of these prices, then it could have a rise or fall of two percent above the prices mentioned above. I am also expecting the attainment of the $448 mark, which could occur this week if gold breaks $438.80.
I see a big fluctuation in currencies and oil and this could impact gold prices, but only for the short term (48 hours). Do not short even if the dollar gets stronger. In fact, that will be buying time because gold is now ready to gain against all major world currencies.
Like a few months back when I said that $400 will be history, I still hold that prediction.
I expect silver prices to remain volatile during this week. Once it crosses $7.45, then I expect it to reach $7.78 during this week.
Any fall in price should be taken as a buying opportunity. On the downside, prices could go down to $7.19 and in worst case $7.05
Copper prices will remain very volatile. Though you all know that it will touch $190, I won't recommend buying at this moment. Just wait for my call on copper.
Though it is not rising, I am sure that Palladium will fulfil my prediction by reaching $400 soon. Hold your investment in it.
Platinum prices will cross $1000 in few weeks time. One can buy a small quantity.
There is a major downward trend. Though experts are saying that the market will rally if Bush wins, I discern that it can only rally for two days. Please just avoid the market. Nobody is making money in the
The dollar is in a big problem. The Euro, Pound, Yen and Swiss Franc will gain handsomely and the YEN IS READY TO BREAK the 100 LEVEL- I see this occurring soon. If Bush wins, there will be a rise of the dollar for thirty six hours, after which the worst crash of the dollar will occur in 10 days.
I still expect coffee to go above $98 but for the short term, I recommend that you sell all your positions in coffee IF prices don't close above $77.80 during this week. I shall write more on this next week.
Corn, wheat and soybean will each rise more than five percent. Don't wait-start buying from Monday.
Don't hold positions in oil. I expect an upswing of three percent and a downside of six percent for this week.
Except metals everything will be very volatile during this week. So please therefore reduce your positions in the stock market, oil and currencies. As mentioned earlier, volatility in currencies could impact gold for 48 hours.
Thanks & God Bless
I have given a lot of thought to the election prediction and the final conclusion I have arrived at is that destiny might still want President Bush at the helm of the
Maybe Kerry winning could have altered all my major predictions on the world financial market including gold reaching $1600, silver $11 to $18, stock market crash, the Dollar becoming valueless and the unfolding of a major crisis in the
I fully accept the decision taken by Destiny or Nature but we must also pray that President Bush gets the right advisors and that the world goes onto the path of peace and prosperity.
So once again, I wish him good-luck.
Thanks & God Bless