Metals recovered on Tuesday before closing and had a sharp u-turn, but gold is still not trading above $584.80, and that is not a good sign. One should therefore not buy, till it trades above $584.80, BUY above $584.80 with stop-loss.
Silver is also trading weakly or sideway and should trade on the side for a while longer. Selling is recommended on higher side. $11.88 is an important figure for silver, and one can buy if it trades above $11.88 for two days.
All side metals (Platinum/palladium/copper/zinc/aluminum) are going down everyday and they should continue to move downwards. Copper is near to having a major downturn. We must thinks to astrology as we have done great in metals, stock market, oil, grains and currencies. We achieved over hundred percent return in the last fifty days and hope to do same if planets support same way.
The stock market will trade towards a new high therefore don't short for a few days. However, I recommend selling a part of one’s holding before Friday, as next week it should trade weakly.
Coffee is trading higher and should to do so, but remember that a major bull market will only start after $110.80. We shall therefore wait and add more buying position if it trades above $110.80 for more than forty-eight hours.
Treasury bonds will trade weakly for the rest of the week, therefore get out from buying position.
Corn and Soybean are trading towards highs and wheat is also moving up. If you are still holding, then book profit today as tomorrow is Thursday and I see little chances of their going up. I see a sharp correction in grains starting on any time on Wednesday. If shorting, then one should short with strict stop-loss or to reduce risk in the volatile market, you can buy next year’s put.
OIL traded positively yesterday and should trade sideway for this week. This week is a mixed one and the planets don’t give a clear direction. I won't therefore trade, and will instead look for a price around $54.80, after which I will add some contract in buying. Higher side sell.
Currencies are trading sideway and the dollar index is resting with the FOMC meeting. We should hold our buying position ahead of the meeting without any fear, since the dollar should move towards recent highs. The Pound and side currencies should trade weakly, while the Yen may try to gain.
This below paragraph is not a part of update as I just added this one -
Thanks & God Bless
Sharma Mahendra, Wednesday 6.30AM New York.
On Monday metals traded as expected but are a bit weak today, and I don’t understand why. Nevertheless, they should move up bit during the middle of the day BUT if they close weak (which might happen), then the weakness will still remain and I won't recommend to buy any position.