Today's Trade & News

Dear Friends,

I am putting here an important part of my newsletter which I didn't include in my 24 April commentary.

Let me unfold this week from 26th to 30th April:

GOLD:

Monday gold will  start with positive trend and in Europe and USA it will move both side. Tuesday and Wednesday prices of gold will remain stable but very strong upward I see in gold prices from Thursday or Friday.

Testing time on my short term prophecy - First time I am predicting on short term - Thursday will be very appropriate day for buying for those who want to make quick money within 24 hours.   

Short term: Hold position and add more at this level ($394)

Medium term: UP - Strong BUY

LONG term: UP - BUY, BUY, BUY

RESULT TILL 2004: PREDICTION OF $433 FULFILLED AND WAITING FOR $448 IN THE MONTH OF MAY.

MAJOR SUPPORT LEVEL FOR 2004:  At $392 any thing below great buying opportunity.

HIGH AND LOW PRICE FROM APRIL 2004 TO DECEMBER 2004: $392 TO $545 

SILVER:

May stable gold price will help silver to remain stable. I predicted long back that around $7.95 will be best to sell silver for short term. Till first week of May silver will remain very volatile on both side. We may see sudden rise and fall. Be careful if you are trading in this metal on short term basic. Get in on TUESDAY and get out on Friday will be right planning during this week.

Short term: Uncertain trend and Volatile, Stay away

Medium term: UP - Buy around $6.18

LONG term: Very Strong UP - BUY, BUY, BUY

RESULT TILL 2004: PREDICTION OF $7.95 FULFILLED

MAJOR SUPPORT LEVEL FOR 2004:  At $5.80 

HIGH AND LOW PRICE FROM APRIL 2004 TO DECEMBER 2004: $5.90 TO $12 

PALLADIUM & PLATINUM:

Since last four weeks I was not recommending investments in this both metals, infect I recommended selling. For this week I will still recommend to stay away till 17th May.

Short term: Volatile, Stay away

Medium term: Sideway - Buy Palladium around $245 and Platinum around $820.

LONG term: Palladium looks very Strong UP - BUY, BUY, BUY

RESULT TILL 2004: PREDICTION ON BOTH FULFILLED.

HIGH AND LOW PRICE FROM APRIL 2004 TO DECEMBER 2004:  PALLADIUM $245 TO $495

HIGH AND LOW PRICE FROM APRIL 2004 TO DECEMBER 2004: PLATINUM $805 TO $1245 

STOCK MARKET:

After doing detail astrological calculation I see during rising of US, Asian and European stock market. So Monday will be right to cover short if you have done any or you can buy.

Short term: Up ward trend

Medium term: Sideway, sell in range of 10690 to 10795.

LONG term: Down

MAJOR SUPPORT LEVEL FOR 2004:  At 8730.

HIGH AND LOW PRICE FROM APRIL 2004 TO DECEMBER 2004: DOW 10795 TO 7200 

RESULT: 2003 RISE IN TECHNOLOGY STOCKS FULFILLED, WAITING FOR COLLAPSING OF MARKET ANY TIME FROM 21 JUNE 2004.

CURRENCIES:

I am not coming right since last six week in Euro, Pound and Franc but Jen prediction partly came right. For this week still I hold another downward trend for US Dollar.  Those who have bought other currencies against the US Dollar during last week on my recommendations will see some profit during this week.

Short term: Downward trend for US Dollar.

Medium term: Downward trend for US Dollar.

LONG term: US Dollar will move up or down on very 8% rise or fall.

RESULT: ALL PREDICTIONS ON MAJOR CURRENCIES FULFILLED IN 2002 AND 2003.  

THIS YEAR: WAITING JAPANESE YEN TO REACH 80 AGAINST THE US DOLLAR. ALSO YEN WILL GAIN DRASTICALLY AGAINST ALL MAJOR CURRENCIES.

MAJOR SUPPORT LEVEL FOR 2004 AGAINST US$: EURO 118, POUND 1.74 AND YEN 109.

OIL:

First time during last week I made negative prediction on oil for a week. This week oil will remain still uncertain so stay away or one can sell holding positions in OIL.

Short term: Side-way, may go up to $34.80

Medium term: Side-way

LONG term: UP - Best buying  if its fall to $32.10.

RESULT TILL APRIL 2004: PREDICTION FULFILLED

MAJOR SUPPORT LEVEL FOR 2004:  At $31.10 and upside $48.80.

COFFEE:

Last week I recommended buying coffee and those who have made investments will not regret. Mars changing house from 27th April so coffee investor's must watch this date because Tuesday will be deciding day but I still see upward trend.

Short term: UP

Medium term: UP

LONG term: UP - Best buying  at $67.

RESULT: WAITING TO FIND ACCURACY

MAJOR SUPPORT LEVEL FOR 2004:  At $67 and upside $180.

WORLD EVENTS:

I still hold bad period for world till 15th May 2004. We have been seeing many deaths and causalities in different incidence in Middle-East as well as Iraq. Many more incidences like North Korea will occur. This period is not good period for safe world and we may see many more accidents, attacks and natural disasters till 15 May 2004. We pray that our leaders (Bush, Blair and Sharon) get wisdom to promote peace and peace can be brought only by love, sacrifice and forgiveness but not by force. Killing anybody is worst deed whether they are civilians from any part of the world, soldiers, Iraqi's, Palestinians or North Korean and will only create more enmity and hate amongst each other, also young generation will grow with hate and revenge.

THANKS & GOD BLESS

MAHENDRA SHARMA

www.mahendraprophecy.com