Dear Members,
As promised to update you on Wednesday, here is update;
Metals have been trading very volatile on Monday and Tuesday. Both these days were very positive for metals but metals never able to take full advantage; in fact gold sideways move was very disappointed. Silver made new high of $37.18 and after that it has been consolidating.
Wednesday and Thursday still trend in metals should remain positive, on higher side hold once again can touch $1438.80, silver $36.39. At these levels we will recommend intraday profit booking or sell short. Down side is unlimited in gold because gold is not acting well on astro positive days. Those who trust gold should buy gold in April, not at this stage as we see corrections in gold.
Base metals have been trading weak, nickel, copper, lead, aluminum and zinc prices came down huge. Palladium and Platinum also traded weak. We still hold our prediction to sell all these base metals, and those we are already short can hold position. Add more position in copper around $439 and target $410.
NOTE – Until XXXXXX 2011, metals should remain weak, currently oil and Libya situations is helping gold and silver but we still recommend to stay away as this support from Libya will proven short life, yes from XX April gold and silver will move up huge so that will be time to buy. We still don’t recommend any buying in gold and silver at all, we advise selling at higher prices today, as gold can fall big because currently (this week) gold is not able to take full advantage of positive planetary movement.
Last few weeks we have been advising avoiding oil due to Libya problem. Over all planetary position is not supporting oil, currently oil at $106.10. Heating oil and RB gas will trade weak. Today is great day to buy gas around $3.83, higher side target $3.98.
Grains have been trading weak, next three months grains prices will remain weak so hold your shorts in grains.
Soft commodities are still very volatile, cotton and cocoa will trade weaker so those who are shorts can hold positions. Coffee and sugar will move up for the next two days. Coffee may touch $305.30. Sugar may make double top around $33.80 but selling time in soft commodities.
Stock markets are trading sideways, uranium stocks have moved down in the last two days. We recommend buying S&P and uranium stocks at this level. Next ten days S&P, Dow and European markets may move up to new high after few days volatile sessions.
Last two days Dollar index has been performing very well, today it can make higher of 76.89 to 77.10 and lower side 76.61. Hold your position in dollar, sell Swiss, euro, Yen, and Pound.
Thanks & God Bless
Mahendra Sharma
Tuesday 12.00 am Santa Barbara time