In the previous week, grains as well as oil declined substantially.
Hundreds of people are dying in
I was against the war even before it started when I foresaw it eighteen months in advance. Accordingly, I warned the world leaders to try and avoid it: if there is a fire on highway, one just needs to change the route and take another that will lead to the same destination! Today, politicians in the
I know that many members may question why I raise these kinds of issues in my weekly financial newsletter. One may also wonder why I am a non supporter of the
President Bush made the right decision in waging war against the Taliban and the Bin Laden empire. Indeed, the entire world was with him and the
Let me just leave this topic but we pray that world leaders get wisdom and think collectively about what can be done to foster peace and harmony in this beautiful planet. They are leaders and they wield enormous power. They must use this power in a meaningful way to effect positive changes for the good of mankind and the world. If a son or daughter or student is not behaving properly, we always try all possible means of making him/her understand and embrace the right way- we never eliminate the problem by killing him/her.
Let me start this week’s newsletter:
PREDICTIONS FOR 25 JULY TO 29 JULY
During the last week gold prices remained stable and didn't fall below $419.8. I am therefore changing the outlook on gold for the next nine days. This week I see gold trading in the positive range. One can buy it on Tuesday and sell on 3 August. This therefore means that gold and gold stocks will have a positive time for the next nine days. During this period I see it moving up to $433.80 while the downside will be $421.10
Buy silver on Tuesday if you didn't buy on Friday. Silver will remain around $7.09, which is very positive news for silver investors. Downside it can go to $6.95.
BUY SILVER FOR THE NEXT NINE DAYS, AS IT MAY REACH THE FIRST TARGET OF $7.41.
Last week, palladium and copper went up and I expect the same to continue till Thursday. In addition to corn and silver, palladium is another commodity to watch very closely in 2005.
Avoid any buying Platinum.
I have made three new divisions on world indexes and put up a new theory that shows:
The Asian market (including
The European market will see a major downside from this weekend (Friday) and may fall over five percent in the next eleven days.
I don't trade silver at all and therefore in addition to grains, I will make money for my fund in the market in the last quarter since a very sharp fall may limit down and I am confident the Dow will go down to 5600 soon by end of next year. So please save money to short the market and don't get confused by this short-term rise.
CURRENTLY, YOU CAN SELL THE EUROPEAN MARKET FROM FRIDAY.
I shall be monitoring my new theory of predictions very closely and try to update you on a regular basis.
This week, Wednesday is an important day for the market and I shall therefore write then.
Last week coffee bounced back from $96. I bought and am holding it and shall be adding more. It won't surprise me if coffee prices touch $148 to $179 during the last quarter of 2005. This week over all prices will move up with scary down ward trend but hold your position.
In the last week, cotton prices moved up from low and they will continue to rise. Buy cotton if you don't have it in your portfolio. The next target is $62.80.
Keep adding position in sugar because it should move higher to a new level during this week. However, get out from it after two weeks. (move in new high zone)
During this week the bond should remain weak but don't short it as I expect it to inch towards a new high for 2005 in the last week of August. On weakness, please add a small quantity.
In the last week oil fell quite sharply and it should remain weak even for the current week. One can sell if it rises one dollar that is around $60. On the downside, I expect it to touch $55.10 in coming week AND if it breaks this figure than it should touch $51.90. Sell oil from Wednesday or Thursday.
Grain prices will remain stable this week and even gain some ground from Tuesday to Thursday. However, they may remain very volatile on Friday.
DON'T SHORT GRAINS.
You all knows that I am targeting very high prices for grains for 2005.
Last week China announced revaluation of it currencies. Resulting this Dollar moved down on Thursday but same time I came up with an a alert "buy dollar". Friday we experienced a strong up move of dollar because nature is with dollar and I follow the nature. Stay long with dollar and may you don't have to do any thing.
During the first three days, all currencies will move in a small range and this might frustrate a lot of currency traders. However, those with long positions in the dollar should hold on with patience.
This week is good for day traders as currencies will move be on both sides.
TRAVELLING - I am travelling to
LAST MONTH I MENTIONED AND I HOPE YOU REMEMBER.
Please don't forward newsletter to other people or your friends because this is only for you. Let them subscribe. Doing this you will support my work.
You are keeping faith in me and I do same.
I am currently holding:
Dollar index (Bought at $81)
Short on Euro (started shorting at $134)
Short on oil (sold at $57 and buying at $52).
Buying small qty grains- corn, wheat, soybean, soy-meal and soy-oil
Coffee- started buying at $65 and sold at $136, bought again at $112 and sold around $130 and waiting to buy again.
Out from matels
It has been confirmed time and again that gains can be unlimited when you trade with the wave of nature. Here is this week's newsletter, whose cost per day is equivalent to what one spends on coffee.
Thanks & God Bless
Mahendra 30 April 2005
Thanks & God Bless