Wednesday, 22 December 2004
Dear Friends,
I am again publishing this week newsletter here. In the first week of Jan 2005 I am increasing my weekly newsletter price.
Dear Members,
I was just doing study on market trends of 2005. I am not feeling well but after receiving a few emails from members regarding the market and metals as well as newsletter speak lot about Fridays but on Friday all markets are closed, so I want to clarify few points here.
The time I was writing my newsletter I didn't know that market are closed on Friday.
METALS: Today metal prices remain uncertain as expected and tomorrow will also remain directionless (For detail read below this week newsletter). I recommended same as newsletter but I will write in detail on next week move.
Next week all currencies will have a strong rally against the US Dollar but I will write in detail in my newsletter, so trade accordingly.
Grains look very strong. (Holding same prediction as per newsletter)
Recommended selling oil and still I hold that prediction so don't buy oil.
Long term traders should hold position in coffee, downward trend came as expected.
Soon cotton will come in my buying list, todays downward is giving signal of buying.
Stock market - (Holding same prediction as per newsletter),
Enjoy your holidays.
I will try to send newsletters as usual on time.
Thanks & God Bless
Mahendra
December, 22
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Dear Members,
Last week many of my members were confused but it is not their fault, the market was moving with no clear trend. My suggestion that trading should be avoided in this kind of period. In the year of 2005 we are going to see this kind of trend on regular basis. I WOULD LIKE TO KEEP THIS NEWSLETTER SHORT AND SWEET TO THE POINT WITHOUT TALKING TOO MUCH ON OTHER ISSUES.
PREDICTIONS from 20th to 24th December 2004
GOLD
On Monday and Tuesday gold will perform very positively. Wednesday and half of Thursday it will remain in an uncertain direction but in last hour of trading on Thursday it will bounce back and Friday it will remain up. So over all this week trend shows upside direction and this will make gold reach a new high. On down side I don't see a negative wave so it is clear that gold may not fall much below last Friday close.
During this week range will be from $440.30 to $453.80, If it cross $453.80 and trade above it for 4 hours than I am expecting new high.
During this week US Dollar will try to gain on Wednesday and Thursday but short term rising in US Dollar will not able to put negative impact on gold. Rise of gold early this week (Wednesday) should be taken as a selling opportunity but buy it back on Friday morning hours in New York.
DON'T TRY TO MATCH ALL MAJOR CURRENCIES MOVEMENT WITH GOLD BECAUSE GOLD WILL RISE WITH THE WAVE OF NATURE.
I am sure gold will fulfil my second target of $478 to $492. Soon gold will say bye-bye to $450 mark.
SILVER
After a major attack last to last week, silver was trying to heal as well as trying to stand up after great fall but thank God it stood up on Friday. My last week higher side target didn't fulfilled so let it first reach that price ($7.42) than I will write a new price target.
BUY SILVER BEFORE THURSDAY CLOSING AND SEE THE MAGIC OF THE WAVE OF NATURE OF FRIDAY.
Strong rise in silver will start again from next Tuesday (28th December).
COPPER
In this current period copper is on the top of my recommendation list. Soon in few weeks it will trade above $150. One must add a small quantity of copper in their portfolio for long term.
PALLADIUM/PLATINUM
This time is to buy palladium not platinum. PAL stock is moving up nicely and will move up continuously. SWC and PAL will be out-former in 2005.
STOCK MARKET
According to my work stock market rise should end and market will move downhill continuously. After many years this is first time, I have to wait till the final day to see that if my prediction is coming true or not. If this fall is not starting in next two weeks than one shouldn't short market till 19 of February 2005.
CURRENCIES
One should cover 80% short position of US Dollar by Friday, but I am not giving buy signal in Dollar yet. I see all major currencies will remain unstable for a few weeks.
OIL
Sell oil position on Monday or Tuesday for the time being. Avoid buying oil because we may see a major volatility and price may see sudden fall.
COTTON
Soon cotton will bottom out after one small fall which is on the way. In 2005 one should add cotton in their portfolio.
GRAINS
They are in my buying list. One can slowly start adding them. Soybean and Corn look good but not wheat.
US TREASURY BOND
After working on this, first time in my career I am predicting on Bond. I see they should rise very strongly from Tuesday or Wednesday. My work shows that one shouldn't short US Treasury bond at this level.
IMPORTANT NOTE:
Most investor's invest or trade according to charts, they put stop-loss or buy after prices break a certain level. Big crowd come to sell when certain price level break that create an external impact and you all know that I have been saying that external impact lasts for only a few days. According to me this is the only thing which is not helping investor's in return because price breaking down changes their view or confidence. I am not saying that you shouldn't follow the chart but please keep long term trend in mind. I hope this might help in your performance.
TRADE SAFELY DURING NEXT 39 MONTHS OF HIDDEN AND INVISIBLE PERIOD
Thanks & GOD Bless
Mahendra 19 December