Dear Members,
It looks like the “2022 Financial Predictions” book may become one of the most favorite predictions books I have ever written if what I see comes true for many commodities, currencies and markets. We predicted a historic bull market for precious metals and many base metals like Nickel, copper and Aluminum. Lately Nickel, copper and aluminum just tested new highs.
On other hand coffee tested multiyear higher and gains are gaining momentum.
Commodities are not afraid at all of March hike, and just imagine if FED is unable to hike then what will happen to commodities? I see a small hike which is irrelevant and that may boost commodities prices. I will talk in detail about this in next week's weekly newsletter.
Silver is a sleeping giant and I don’t know what price it will stop on the higher side, but at this stage wait calmly for the next few months because you go aggressively in. We highly recommend you to follow our book or weekly/Daily metal letters.
The Sell in dollar Index at 97.45 to 97.75 level proved amazingly well. I two weeks back I found myself standing along Wall-street calling weakness in USD. It was an amazing call to sell USD and buying EURO, POUND and most of emerging market currencies specially Brazilian Real, it was a great call to sell USD at 5.70.
Globally markets are trading as predicted, astro cycles are guiding us very well, and I am sure you must be doing very well. We are approaching a short term profit booking level but those who like to buy for the medium term can keep accumulating our favorite stocks and sectors. This week our earnings recommendations in ACLS, TFII, DDOG and many other our favorite stocks in the chip sector did very well.
When everyone lost hope on TESLA stocks in 2018, we believed that Elon would become the world richest man and TSLA would make many new billionaires, this was an amazing prediction.
Even though we are predicting great commodity era in 2022 but still we don’t see oil remaining above $91.88 level for the more than one week.
Some profit booking may come tomorrow in commodities so late today or tomorrow book profit.
Thanks & God Bless
Mahendra Sharma