Wednesday, 12 April 2006
Dear Members,
The reason that I was not able to send an alert last week is that I am at my Guru's Place, which is located a very remote place in India. Indeed I am sending this brief newsletter from an internet cafe.
The reason that I was not able to send an alert last week is that I am at my Guru's Place, which is located a very remote place in India. Indeed I am sending this brief newsletter from an internet cafe.
Metal markets are absolutely contrary to what I initially saw concerning the overall trend for 2006, and this is making me very uncomfortable as my advice is not fruitful at this stage. Until I am right, I don't recommend aggressive trading based on my advice in regard to metals.
This week's newsletter - Predictions for 9 to 14 April 2006
Gold
Gold's trading was mixed during the last week though it hit a multi year high of nearly 24 years. This week should trade up on Monday though Tuesday will be the right time to sell gold.
Gold's trading was mixed during the last week though it hit a multi year high of nearly 24 years. This week should trade up on Monday though Tuesday will be the right time to sell gold.
A weak trend is indicating from Wednesday to Friday.
I see a similar trend for silver and all other metals.
WARNING - Though I have been off track on metals, traders should remember that if any fall occurs in the metals market, then it will be a very nasty one.
OIL
Crude, unleaded and heating oil should trade weak during the whole week, therefore sell on Monday.
Crude, unleaded and heating oil should trade weak during the whole week, therefore sell on Monday.
STOCK MARKET
All major stock markets touched a new high. I have also been wrong in regard to the stock market but once you see a weak sign, then don't wait for my alert to sell the market.
All major stock markets touched a new high. I have also been wrong in regard to the stock market but once you see a weak sign, then don't wait for my alert to sell the market.
GRAINS
This week grains should trade strong especially Wheat and Corn. Soybean will also trade positively. Indeed, I should be adding more position during this week.
This week grains should trade strong especially Wheat and Corn. Soybean will also trade positively. Indeed, I should be adding more position during this week.
CURRENCIES
For the last few months all major currencies have been trading directionless and traders (buyers/sellers) are very nervous. I am holding the dollar and will soon add some more this week.
For the last few months all major currencies have been trading directionless and traders (buyers/sellers) are very nervous. I am holding the dollar and will soon add some more this week.
All the fundamentals are negative for the dollar but I am still not negative. This week the Dollar will rise again against all second run currencies. The fall of the South African Rand is on the cards and it could reach $6.80 in a short period.
Finally, I am having a spiritual time but will still do my Karma. I shall try my best to send you more updates during this week.
Thanks & God bless
Mahendra
Mahendra
9 April 2006