Dear Members,
According to the astrological combinations of this week, we predicted a bullish trend in precious and base metals on Monday and Tuesday. Last Friday, we recommended buying metals and carrying forward positions. Don’t short metals at this stage at any price, but read the weekly letter carefully. If gold and silver start trading above an important astrological resistance level of $3488 and silver at $35.29 in the short term, then we can expect a significant rally.
Copper will struggle to close above the $494.88 level; closing above this level for three days will push prices sharply higher by 6%.
Markets should be on your buying list on Monday, on weakness or on the lower side.
Currencies will gain value; the higher side will take short positions. A significant turnaround in currency markets is expected on Wednesday, so get ready to buy USD.
Morgan Stanley predicted a 9% fall in USD, which is helping metals and other commodities, but on Wednesday, I won’t be surprised if all major commodities turn around on the downside, so wait for Wednesday’s update.
Take aggressive shorts in the energy market in the coming days, grains and softs will struggle.
The Thirty-Year Bond will trade positively; be prepared to buy long positions on any weakness.
Today’s top pick is CRDO, buy call options as it will move higher after earnings reports.
Don't short Bitcoin and cryptocurrencies.
Thanks & God Bless
Mahendra Sharma