Dear Members,
This is what we mentioned in Metal sections of this week's weekly newsletter 13-17 May:
Here is this week’s newsletter from 13-17 June 2019:
GOLD/SILVER/BASE METALS:
Last week metals traded mixed. Gold, Silver, and Platinum remained in both directions. Base metals remained in a negative direction. Metal stocks struggled.
This week Monday looks positive for precious metals from USA opening so buy gold and silver around lower side in Asia or Europe, and positive trend will continue Tuesday in precious metals, so lower side buying is recommended. On Monday and Tuesday Base metals will remain in a negative direction.
On Wednesday we are recommending profit booking in Precious Metals on the higher side, and aggressive shorts are recommended in base metals.
Thursday and Friday are negative astro days for precious as well as base metals, so avoid any buying. Higher side selling is recommended.
On Monday and Tuesday metals ETF’s will rise, so one can take short term trades. On the higher side gold will struggle to close above $1307, so profit booking is recommended between $1301 and $1307.
A great opportunity to sell Palladium on Tuesday, and a great opportunity to keep adding positions in Platinum on Monday. The higher side in copper will be very limited.
Monday’s astro combination recommendation – Buy precious metals on lower side and stay short in base metals on Monday.
Monday’s trading range: (July 2019 future contract):
GOLD: $1293.10 to $1279.50 June (Spot ranges $1292.20 to $1277.00)
SILVER: $14.90 TO $14.68 (Spot ranges $14.88 to $14.63)
COPPER: $280.95 TO $274.95
PALLADIUM: $1369.00 TO $1328.00
PLATINUM: $873.00 TO $855.00
Thanks & God Bless
Mahendra Sharma