Respected Members,
THIS WEEK’S NEWSLETTER- SUMMARY:
PREDICTIONS FOR 7 TO 11 AUGUST
GOLD
For this week, major planetary movements indicate that gold should make a top on Monday and should end the week without a major upside. However, we are approaching a historic bull market in gold, and this period should start after a few months. The last one year has been amazing for gold and it kept making new highs, even THOUGH it wasn’t really in a great cycle. We should still wait for a while and get a better price before re-entering into gold.
Monday
Gold should trade positive on Monday in the Asian market as well as in Europe- with volatility. I however won’t recommend trading on Monday, as Tuesday is an important day for gold. It looks very difficult for gold to break $652.80 on the upside, and I am confident that it will correct from this level.
Tuesday and Wednesday
If gold starts trading negatively on Tuesday, this will confirm a sharp downward trend on Tuesday as well as Wednesday. During both days, sell in Europe as well as in the USA on the opening bell, but buy back on closing. One should take advantage of selling on intra-day recovery during these days.
Thursday and Friday
Both days are not positive but one must cover selling position during a weak trend on these days.
If on Monday gold corrects from $651.80, then it could go down more than four percent.
SILVER
Monday
Silver prices should move up on Monday though it very unlikely that it will hold on to the gains. Most technical analysts are in favour of the silver as technical charts look attractive, but I would like to watch Tuesday’s trend. On the higher side one can sell on Monday and buy back during closing. Silver can make a high of $12.49 on Monday and should correct from this level.
Tuesday to Friday
This period doesn’t look promising for silver but I would like to see the trend and it will be amazing news for silver if it gains. Tuesday’s trend will dominate the whole week’s trend and the price movements will behave accordingly, therefore let us wait and see Tuesday’s trend.
COPPER
The period between Monday and Friday doesn’t look promising, but Mars will support this red industrial metal. On Monday it may reach $369.80 and should come down during the USA trading. However, I would still like to watch Tuesday and will send a report on the same day (Tuesday).
PLATINUM/PALLADIUM
The trend of both metals for this week will not depend on other metals as Venus might give a new message after three weeks. Monday will have a positive trend, but it will be time to sell and buy on Wednesday for a short period, if it trades weakly.
Right Trade: For a few weeks, we should remain positive in Palladium compared to platinum.
WHY THIS WEEK IS IMPORTANT FOR ALL METALS: IF A FALL DOESN’T TAKE PLACE DURING THIS WEEK, IT WILL BE CONFIRMATION THAT WE ARE CLOSE TO A MAJOR BULL MARKET IN METALS, WHERE IN ONE YEAR PRICES OF GOLD CAN REACH $1090; SILVER MORE THAN $28; COPPER MORE THAN $500, PALLADIUM $700 AND PLATINUM $1800.
WARNING: BEFORE YOU JUMP IN, LETS FIRST CONFIRM THE TIMING FACTOR. IF A WEAK TREND STARTS WITHIN TWO WEEKS, THEN METALS WILL FIRST TOUCH A LOW OF JUNE AND REMAIN DEPRESSED FOR A FEW MONTHS BEFORE THE BULL PHASE STARTS.
STOCK MARKET
Last week the markets remained directionless or unwilling to move ahead, which is a sign of decreasing support from Saturn. This week, the markets will remain directionless though the USA market will still perform better in the longer term compared to other major indexes around the globe.
Once again, Asia will remain weak this week with huge volatility, and will end in the red.
All major European markets will trade weak and it is a great opportunity for selling, therefore don’t miss to sell on Monday.
South American markets will remain weak too therefore trade accordingly.
From Monday to midday Wednesday, the USA Market will trade weak. Thursday and Friday will be days of rising.
SHORT ALL MAJOR EUROPE INDEXES AND HEDGE THE POSITION OF LONG USA MARKET FOR TWO WEEKS.
…………………………………………………………….
Sharma Mahendra
mahendrapropehcy