Dear Members and Friends,
Wild fire in California is spreading very quickly, and new evacuation order release for residence of Santa Barbara. We pray for everyone and people should move to safe places, we also pray for animals because so far, this fire has taken life of wild animal as well pat’s like horses, dog and cates.
I am traveling so I am out SB, but my house is there, my dog is with one of my friend, so I pray for everyone.
Last week on most important day gold, silver and platinum traded negative which is very negative sign for precious metals. Also last week recommended traders to get out if gold trades below $1263, so provided stop-loss at $1257. I am sure you must be out. Gold failed to move above $1298 which was very important level, and lower side $1263 which was most important support level, so buyer should be very careful because we stated if gold breaks $1263 then next important support level will be at $1188 level, and silver/platinum could fall further 5% or more.
In this week newsletter we recommended traders to sell gold, silver and platinum on any rise or get out 100%.
Bitcoin has power to run more throughout this year.
Energy prices will come down, so start selling oil around at $57.88, and gas may test $2.48 level as predicted last week.
Grains and softs will remain in mix directions.
Currencies will lose shine against USD FROM MIDDLE OF MONDAY.
Equity markets will hold value from Monday to Wednesday but from late Wednesday interesting time will start.
Bitcoin may keep moving till 8 January, so don't short, there are chances it may reach $18775 to $25000.
This week’s weekly letter is most important one if you are traders in metals, Index, oil and bitcoin because we tried our best to provide detail strategy of trading from this week to year end.
I wish you everyone good luck.
Thanks & God Bless
Mahendra Sharma