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Today's Trade & News

Gold and market trend...small part from Fridays flashnews...

Dear Members,

On This year market, currencies, oil and metals predictions really have guided traders to move in right directions. Gold bottomed out predictions at $1281, Silver $14.61 with higher side target which got achieved few months back as predicted. On other hand Pound, euro and other currencies bounced back from the lower side astro support levels. Bullish trend in S&P and semiconductor stocks have really done very well. SOXL have really performed amazingly well from $106 to $232 level.  

I am still in Indian, I was going through emails and always make me wonder how investors and traders psychology works, here is email:

 

4:35 PM (29 minutes ago)

 

to me

Hello Sir 

Greetings of the day !

I am A... from Indore,India and i have been a big follower of you from past 1 year and have been regularly visiting your website for market related updates.

I truly admire your research for the market and also taking clues from your Lode TV Interview video dated 25th july i am having a huge pile of long positions in gold at the moment.I have been buying gold lots from 38500(around 1500$) levels and it has presently reached 37500(1460$) levels.

I just request you to please suggest me whether i must hold these long positions or liquidate them? Is it the bottom or gold may tank more from this point? Is it the right time to be long in gold? 

Sir please help me out as i have lost a substantial amount of my capital and you are the only one who can help me out from here.

Waiting for your reply.

Thanking you

 

My reply:

Brother, 

You should be subscribing services...before you are putting huge money. You are ready to lose so money in gold but not ready to subscribe or invest in services, so I don't understand people psychology. 

Yes, some more weakness is pending in gold but longer term is long, I don't know how much risk you can take on lower sides. 

Thanks

Mahendra

 

Many time you will find some arrogance in me but that is not really arrogance, it is frustrations because visitors will read few update on website without following daily basis and they will put blame or say that Mahendra, what shall we do now? Yes, I recommended gold buying aggressively in early 2019 around $1281 but two months back I recommended closing long around $1545 and silver $19.81 levels.  Since last one month we have been stating to remain short term trader by selling around $1518 and covering around $1481. Our daily and weekly advice have been working very well. This week also we recommended selling gold, with lower side target $1481, $1461 and $1451. Anyway traders take huge open risk so keep astro strategy will surely minimise risk or will get right directions about future coming trend.

This week S&P achieved 3089 level and have been hanging around this level, but Thursday failed to close above this level on positive day which is bit negative news but we shall watch trend closely on Friday.

Currencies remained in the mix trading pattern dollar gained further value as predicted. Bond prices crashed as predicted, it was fantastic trade of last two weeks.

Coffee performed well, Gas struggled to close above $2.88 and oil have been performing well.

Friday will mix day for markets, currencies and commodities, I will recommend to trade in and out in metals, currencies and Indexes. Humble request, don’t forward letter to other people, tell them to subscribe their own services because it is law of nature.  

USA companies are sitting with huge cash in books, in fact many companies hold cash more than 70% of most of global countries GDP. Best time for USA is yet to come.

Click on subscriptions to subscribe to or to read complete todays report...

Thanks & God Bless

Mahendra Sharma