Dear Members,
From this week our view on gold and metals for the short term became negative so be aware, no major long recommended. We are still recommending or believing that Gold won’t fall more than 5% from the current. Read this week newsletter and our book to get clear trading strategy. Our longer term out will remain bullish but now in this time frame short term volatility and price movements are very important. Like last five months our trading ranges for gold trading between $1305 to $1357/1364 worked very well. Our weekly newsletter provided best advise to member and most of metal members done very well.
On other hand oil is ready to crash, it failed to test our higher side level and now wait for $65.88 level for the future strategy. Follow our weekly newsletter for oil strategy.
Coffee started moving up as predicted from $116 level, now it is getting ready for mega trend, hold long positions. We are recommending aggressive sell in Lumber and cocoa from today at $550 and $2800.
Grains traded as predicted, selling or booking profit in cotton done well. Cotton prices crashed on Tuesday.
Thirty Year bond traded lower as predicted, rate will rise but don’t fear. Bond will test 137-00 level.
Dollar index and most of currencies traded as predicted, follow or weekly and daily flashnews.
On Tuesday USA market traded sharply lower, so far short-term trader remained winner on any sharp rise and fall trend in the last three months as predicted. Our advice to trade in and out remained very prudent. Our predicted ranges worked very well.
At this stage S&P will hold 2611 level, and in the worst-case scenario it may test 2588 but chances of happening this is very limited. On higher side 2661 and 2688.
Important note: We reduced book price from $351 to $295 after some request, we are sure you must have bought because prices will be back from $295 to $375 level.
Thanks & God Bless
Mahendra Sharma