Dear Members,
Precious metals losing big value from today morning, though today was not negative day but precious metals traded lower and they are close to important astro support level now. Gold is trading around $1951 and silver $27.00 which are great level to buy but we also have to remember that overall this week’s view for precious metals is mix as mentioned in weekly newsletter. We recommended taking aggressive long positions on Friday so keep this in mind as well.
Base metals will be great sell around higher side today as mentioned in letter.
Markets are moving sharply higher, Russia just announced that they have Vaccine, but we don’t know whether FDA will approve that so be aware about it.
Currencies will e great sell on higher side against USD, so get ready.
Important note: Still bull market in precious metal is not over yet so be aware, lower side buying is recommended, gold may not go below $1938 and silver $26.69.
Thanks & God Bless
Mahendra Sharma