After the USD, Saturn is next set to take control of the
I have been constantly worried about financial problems on wall-street and main street but more worried about international scenario as many countries and many key world currencies can collapsed like any thing.
Point to be note: USA market as well as USA financial industries is in turmoil but why US Dollar is not collapsing? why it is still around 78? there are many hidden reason behind this that is why we were buying USD and we are holding USD. If I write reason here many will take retirement from all markets, even from metal market (so called safe haven). Any way this is a small update so lets see here once again:
In this week newsletter we predicted fall in oil, metals and other commodities from Monday and except gold (even gold will fall) everything has fallen down as predicted, side metals have came down sharply. Silver and copper are ready to fall big from Tuesday.
I don't recommend to hold or buying in metals position at this stage because even metals can move down as predicted in newsletter from Today. Gold is not trading safe, it is just moving volatile on the news of financial termoil, today low was $865 and high was $920. Don't buy gold at this stage, if you want to sell metals then sell all side metals. Those who wants to short gold must put stoploss around $933. Down side soon gold will see again $800 but before that any thing is possible on upper side in financial termoil news. I will sell gold here but with stoploss.
Oil has touched low side target as predicted in newsletter and our next target is $81.80.
Grains and all side commodities will fall as mentioned in newsletter.
Sell international market and buy US market as hedge position because in term of currency you will gain lot by end of year because of USD. We called Dow to bottom out around 10500 so one should load position in Dow from Tuesday.
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Thanks & God Bless
Mahendra Sharma, Monday, USA EST 6.12 PM