Weekly Newsletter from 4-8 Jan 2010
Sunday, 03 January 2010
Dear Members,
2009 passes smoothly, we all aware that nature has created our world with mixer of joy and pain, good and evil but still we must thank nature for its kindness and giving us support and we must humbly request nature to give us vision and wisdom in 2010, we pray that all of us remain in good health, with full of joy and happiness. We also pray that God give wisdom to evil people (terrorists) so they stop killing innocent people, we hope that our world will become better place to live once everyone has job, enough food and place to stay.
In early 2009 whole financial system came under threat, there were only dark cloud but early March came up with hope, slowly market started recovery and by end of year world financial market once again made a point that if they fall they have power to rise again.
Metals made new high in 2009, gold became darling among all kind investors, just fighting and losing battle against native time frame from December.
Early this year, oil traded made new multi years lows, fighting with destiny now because better future is moving away.
Grains started showing good strength, goring population; growing multinational companies and new food product line keep pressuring grains prices. Most important factor is planets and they are were remain pro with grains.
Currency market remain in volatile trend in 2009, early 2009 dollar was shining but in middle of year it started losing value but December gave huge up move again. Japanese yen was our favorite and over all it did perform very well in 2009.
Soft commodities remained in upward trend by growing demand, planets are supporting and will support in coming time.
I wish you good look for 2010, and here is this week newsletter:
Predictions from 4-8 Jan 2010
GOLD/SILVER
Gold and silver has been trading as per the planetary movements. This week see positive trend on Monday and Tuesday, so short term traders can acquire some position in metals on Monday opening.
Wednesday and Thursday metals will fall again but Friday gold and silver will move up in volatile trend.
If gold and silver doesn’t move up on Monday and Tuesday then we don’t see any positive trend during next six week.
COPPER/PLATINUM/PALLADIUM
Side metals won’t able to take advantage of positive trend of precious metals. We recommend selling palladium, copper and platinum on Tuesday and hold selling position and these side metals will fall sharply from Wednesday onward.
STOCK MARKET
We have been mentioning about two eclipse falling in fifteen days, and first was on 31st December 2009 and second one will be 15 Jan 2010, on the day of first eclipse 31 Dec Dow came down and this should be taken as a warning sign, second eclipse will be on 15 Jan and between this fifteen days period markets will trade uncertainly with fake volatility and after that they tank big so get ready to take big selling position in all major stock markets.
I will highly recommend buying puts or selling calls during next two weeks. This week we may see rise and fall in markets and they will end up with weak trend. Monday and Tuesday stock prices will remain sideways but fall be there on Wednesday onward.
Nikkei rise has proven very accurate but now weak trend is starting so great time to take sell position in Japan. One can start building sell position in all other markets from Wednesday. Friday all markets will remain positive. Next week will be final week before major fall take place in all markets.
COFFEE/COTTON
This week coffee and cotton will remain in sideways trend; I don’t see any major activity taking place in both of these commodities. Monday and Tuesday some positive trend will come but then after they will move down. Get ready to buy coffee by end of next week, if I forget then remind me to recommend as I see sharp up move in coffee on the way.
SUGAR/COCOA
This week both of these soft commodities will remain weak, I won’t surprise if sugar falls down sharply more than ten percent so take a opportunity of selling sugar on any rise of Monday. Cocoa to remain sideways and we don’t recommend any trend but those who are holding shorts can hold their positions.
GRAINS
Next two week grains will remain in consolidate zone, we highly recommend build up position in grains by 14 Jan (before second eclipse take place) because after 14 Jan we see huge up move in grains. Next two weeks one can keep adding call option positions. We don’t see any aggressive move so hold your position in grains.
OIL
Last two weeks buying call in oil from Saturn proven very accurate, now oil will enter again in weak trend so take selling position in oil on late Monday or Tuesday. Natural gas will also remain weak so avoid energy area as focus will be back on Metals for the short period of time.
One can buy oil on Thursday on fall and carry position as next week we see little bit up move again before its move down big.
CURRENCIES
Dollar will come under pressure from middle of Monday so it is clearly indicating that some profit booking will come in dollar but what a great opportunity of buying for those who missed rally. Buy fearlessly as dollar is ready to move toward multi year high.
Monday morning, Wednesday and Thursday USD will remain positive. Tuesday and Wednesday and Friday some booking will come.
Great time to build selling position in Australian and Canadian dollar on Tuesday or early Wednesday, as these both commodity currencies will perform horribly during middle of this week.
Euro and Swiss Franc will gain against all currencies; British pound will lose value against all currencies.
Dollar index will trade in the range of 78.78 to 77.29
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Thanks & God Bless
Mahendra Sharma, 3 Jan 2009, www.mahendraprophecy.com