I am in Zurich and enjoying time here. I am happy so I am putting here my this week newsletter here for free again.
We occasionally need to ignore some movements for a couple of days to retain focus on the future. This serves to prevent being clouded by the prevailing situation and more often than not, it reveals how interesting the future really looks. In the long run, success can never be achieved through greed or wallowing in regrets. Many might feel that an opportunity is lost since gold run $10 in the last week. However, that is not the case; it is merely the clearing of a path for the future. Many may have felt the same way when oil moved from $21 to $30, yet those who grasped the clue that- it looks interesting- bought even at the $30 mark with no regrets. One of my friends and well wishers (Mr. Nanik from
I have been writing on metals since the last five years and I foresaw goldís rise when trading at $262. I am therefore not upset that it rose ten dollars last week for as you know, I expect it to march even higher and reach $1000. I donít want recommend anything in excitement: if planetary movements donít clearly indicate, I shall not give a buying signal. At the same time, when a commodity fails to act as anticipated, I seek more details and write again. That is what I am doing about metals as last week should have had a weak trend but did the exact opposite. I have an interesting clue in the gold section.
I am very happy to see silverís movements; however, trade cautiously.
PREDICTIONS FOR 10 TO 14 OCTOBER 2005
Last week gold prices rose above my predicted price in addition to being positive on two negative days. I was very closely watching all this as it unfolded and this could be the last week in which to make a final assessment concerning goldís immediate future. Will gold ascend to $575 in the next three months or not? Well, I am examining its prospects to determine whether or not it is going to surge ahead without break and shall write in more details on Friday or in next weekís newsletter. Meanwhile, letís see what is indicated for this week and how to judge goldís future moves.
On Monday gold will try to hit a new high but will show negativity on Tuesday and Wednesday. The three-day trading will decide the trend of goldís movements for the next four months.
During the week, gold should trade between $481 and $472.10. The breaking of either point may bear pressure on that particular direction, though my belief is that gold is unlikely to trade above $481. However, that is not the last word; let us therefore wait and watch.
If the weak trend I have mentioned fails to materialise, then I shall issue a very strong alert for buying gold futures as well as options.
In conclusion of this section on gold, let me say that I know that the statements above may seem to be confusing. However, they are not at all confusing; just carefully consider them and you will have a clear direction about goldís future moves.
The disconnection of silver from gold is very important for its getting to $12 and $18. I am now convinced that with the backing of the Moon, attainment of the new prices is quite possible.
Two times in the past, silver has falsely moved above $7.95 only to sharply fall, thus occasioning major losses to many silver investors. These are distressing situations to which I have been witness. In fact many members were quite upset with me as I was unable to provide them correct and timely direction because I was over confident on silverís move.
This time we shall once again watch the $7.95 price as it is a very important target. Indeed, silver has to pass and trade above it for twenty one days before one can go in and make major buys. Till then, I will book profit on my options- which I always keep. I am sure that I have recommended many times that one keeps long term options as compared to futures buying.
This week silver may hit $7.95 if it breaks $7.81, while it could reach $7.52 on the down side. Please note that all the figures that I write have no connection to technical charts as they are derived form astrological calculations.
One can buy at $7.52 AND IF IT FALLS BELOW THIS, IT WILL BE A GREAT BUYING OPPORTUNITY. Silver stocks will also move higher as silver is clearly disconnecting from gold. It was not easy for many to believe that gold would disconnect from the dollar and that they would move up alongside each other. However, time has vindicated the wave of nature and time has now come for silver to fulfil the same.
Planetary movements indicate that gold could soon fall in the near future. This will however not be the case for silver and one can therefore start accumulating long term silver options on each fall.
LAST WEEKíS TREND CONFIRMED SILVERíS ENTRANCE INTO A POSITIVE TIME FRAME. DONíT SHORT IT EVEN IF YOU CANíT BUY AT THIS LEVEL.
In the last week palladium moved up over 4% and it should continue to rise unhindered. I have always recommended that one should have a small position in it.
The long term target has been fulfilled. I saw and mentioned several times in the last year that it could reach a maximum of $180.80. However, this year I recommended selling after $152 but since then it has been steadily going up. On Friday it touched $180.80 and this could be a great shorting opportunity. However, if it trades above $180.80 for four days, one should cover all short as there will be no limit as to how high it might go.
Either Tuesday or Wednesday will be the most negative days for copper for this week, during which it should fall sharply (there is a 99.99% likelihood of its falling). If this however doesnít occur, then one must cover short positions since Mars will still be with this metal. As a matter of fact, the next target could then be $198.80.
WAIT FOR MY COPPER ALERT ON THURSDAY. Falling copper on Tuesday will confirm over of bull run.
For the last twenty days it has been moving around $935. As far as its long term prospects are concerned, I donít see a good future for platinum. My recommendation is not to buy it. In addition, selling the long term option call is highly recommended.
Oil remained week in the last week and it seems like there were no buyers. For this week, oil should move higher from Tuesday to Friday and one can therefore buy a small quantity on Monday for short term trading.
The trading range will be $60.20 to $64.80.
They have been remaining weak since last two months. I never recommended Soybean and wheat but I did recommend corn. Corn moved up more than 23% in the second quarter of 2005 but has been falling since then. I recommended buying again at $222 and it is now down around $10%. It should rise quite strongly any time now and that is why I am buying long term calls. Grains should make historic high prices in the next 14 months. One of the key predictions for 2006 is that they may actually go up more than 200%.
Last week moves confirmed that coffee doesnít want to trade below $90. This week it may touch the $100 mark again. Donít short it.
Cotton remained stable last week. The next two months look especially interesting and one should therefore remain in buying position. It should touch $56.20 this week.
On Friday last week I recommended buying. Those who have not yet bought can do so on Monday.
For the first time after a long while I was accurate the last week. Oil moved down and the stock market remained down as predicted. For this week, the stock market will be without direction and one can therefore hold short position.
In the next week, a major downward trend will start for all world financial markets and you should therefore trade accordingly.
On Thursday we saw a false move of the US Dollar. Everyone is declaring that the dollarís run is at an end but I beg to differ: I see the dollar still moving higher and higher. There is talk of higher interest rates, higher inflation and many are concerned about deflation. Many also predict that the Fed wonít raise interest rates now.
Well, as far as I am concerned, all these points do not amount to much since it is time that shapes and controls the trends of the future- we just give names to what time decrees.
The dollar will move higher for another nine months and I therefore warn those that recommend selling the US Dollar.
According my predictions, the Dollar index should have reached $94 by the end of this week but it looks like for the short term, that may not be fulfilled after all. However, it will soon reach the $94 mark (probably in another few weeks).
Last week the Rand, Canadian, Australian and other side currencies remained weak and I predict a similar trend for this week. The British pound and Yen could fall sharply during this week. REMAIN IN BUYING POSITION IN THE US DOLLAR OR DOLLAR INDEX.
Some members might feel that I am arrogant or proud and lack understanding of the market in which many old time people trade. However, I can say quite frankly that I donít have the qualities mentioned above. Let it suffice to state that it is very difficult to express in writing what I feel and see. Nonetheless, I am willing and ready to come to any part of the world in any public gathering so as to explain and raise awareness about my work.
BEST TRADE COULD BE:
∑ BUYING COTTON
∑ SELLING COPPER ON MONDAY AND COVER SHORT IF IT DOES NOT FALL ON TUESDAY OR WEDNESDAY
∑ BUYING OIL ON MONDAY AND GETTING OUT ON THURSDAY
∑ SELL THE STOCK MARKET ON RISING
IN ADDITION, KEEP IN MIND THAT WE ARE A STEP AWAY FROM A TURN AROUND IN GRAINS
In conclusion, let me request that you donít forward my newsletter to others as it is strictly meant for SUBSCRIBERS ONLY. Unauthorised circulation is a violation of your subscription and could lead to its cancellation with immediate effect. The daily cost for an annual subscription is just $3 and I am convinced that anyone trading in this market can afford it.
I predicted that the last quarter of 2005 will be the best for most of my members and I am trying for that.
Thanks & God Bless
Mahendra 9 Octwww.mahendraprophecy.com