Page viewed 14522836 times
Alerts:
Ignore experts those saying negative for S&P as we see biggest bull market of all time is on the way...14 Dec 2011. Yen crash is coming..predicted in Oct 2012...Oil could fall toward $30 and dollar Index could rise 90.00 to 98.00..Predicted July 2014..India Nifty touched 7800 and next target is 9165 predicted Nov 2016.. S&P would start falling from 2407 level or bear market to start from 8 April 2017 predicted on 21 Feb 2017...Mahendra Sharma
download  iOS APP   Android APP

Weekly Financial Letter

Get detailed weekly outlook for all markets.
View Details

Daily Flash News

Receive daily trading range and strategies before the market opens. View Details

Updates & News

Read Website updates & news by Mahendra Sharma
View Details

Corporate Clients

This service is only for corporate and business houses. View Details

Uranium Newsletter

Receive monthly outlook of uranium & alternative energy. View Details

Consultation Services

consultations from Mahendra Sharma.
View Details

Personal Clients

This service is only for high net-worth and corporate clients.
View Details

Advertisements

 


Here is small part on metals from last week..

Dear Members,

Many asked to put some outlook on metals as gold moved above $1265 level. This is what we mentioned on 21 May in our weekly newsletter about metals.

This week’s weekly newsletter from 22-26 May 2017:

GOLD/SILVER/BASE METALS

Last week gold acted positively but the rest of the metals traded negatively. Copper bounced back on late Thursday and Friday and gold held value very well. Let me give you very brief predictions without writing long explanations.

There is no doubt that weakness of Dollar and uncertainty in the White House is surely the key supportive factor for gold. I am sure that gold will able to help silver but not base metals because our view on base metals is very negative. Don’t buy base metals if gold moves higher on uncertainty. At this stage buying gold and selling base metals will be a great hedging and safe money making trade for metal investors.

If gold fails to take advantage of the current uncertainty and weakness in USD then surely gold may enter the worst historic bear cycle.

GOLD WONT ENTER a BEAR MARKET AS LONG AS IT HOLDS $1195 ASTRO LEVEL. Once it starts trading below $1195 then it will achieve $775 very quickly. On the higher side once again remaining and closing above $1263 will surely be a positive and bullish sign for gold, which can push gold towards $1339 in the coming uncertain time. At this stage remain a spectator and take trades once it starts breaking on either side. Our medium and longer term view is still not very positive for gold but lets see what role this short term uncertain time cycle can play for gold.

Silver, copper, palladium, zinc, lead, and nickel will remain in a bearish trend so we are not recommending any buying in these base metals for the medium and longer term. These base metals will collapse with the market fall.

We are recommending selling base metals on any rise from Monday to Wednesday, and carry these short positions into next week. This week gold will hold value of $1238 and on the higher side watch $1265. Trading in and out with buying at lower levels from Monday to Wednesday may provide you profit.

Sell copper around $260, silver $17.35, and palladium $782. We are not recommending buying metal mining stocks. Stay long in DUST and JDST at this stage.

Important note: If gold fails to remain in the green from Monday to Wednesday, that could be the worst news for gold traders.

Thanks & God Bless

 

Mahendra Sharma

© 2012-2016, MahendraProphecy.com. All Rights Reserved.