Money is pouring from all angle in metals due to every fund manager and website are recommending buying gold and metals. My members must be thinking that what kind of advice I provide them? Because gold have been rallied.
In December, we stated that there is astro support for gold at $1125 level, and stated that gold would have touch time trading above $1188 level, and $1239 would be high for 2017. Gold broke $1188 and today it close above $1239 level. I know gold sentiment is very bullish at this stage, but still I am holding my sell recommendations.
On other hand, we are predicting negative trend for market is on the ways and dollar weakness, so why still I recommend members to stay sideline because weakness in market and dollar supports gold’s.
I did astro study again, and let me tell you my final verdict:
From here gold can move up to $1253 level, if any disaster happens then gold can test $1278 level but astro cycles are still showing gold going toward $777 level. Today, I don’t know what will be the reason for this fall but because astro cycle are showing drastic sudden fall so I can’t recommend buying for three to five move on higher sides. Maximum positivity can remain until 2 March 2017 so please plan according and I leave trading decisions on you.
Last year I sold gold and I recommended selling gold, I covered shorts at $1125 and same I recommended to book profit. I have been buying put from $1188 level and every $10 move I am adding small positions. I am buying December 2017 put options.
On Thursday, previous and base metals will trade mix or both sides, we still see minimum 30% fall in base metals, maximum 1% to 3% on higher side risk from current level in gold, silver and base metals. Base metals van hold current value for the next seven trading days but after that they will start falling non-stop.
Early last many were very upset about BRZU buying recommendations as it kept moving down, now most of you are upset with DUST recommendations, we see DUST moving toward $75.00 to $100 in the 2017 so hold positions.
Gold will struggle to close above $1239, so sell gold $1239, silver $17.97, palladium $773, copper $273 and DUST will hold $25.00 level. (Don’t take leverage positions, otherwise it will be difficult to hold trade on any sharp move, plan PUT options in metals)
This is small note from 3 October: We are not recommending any buying in silver and platinum as well as metal stocks. Medium and longer term traders must hold shorts in gold, platinum and silver. Gold trading below or closing below $1295 will push toward first target $1256, and silver from $18.15 to $16.75 level. DUST is great buy so don’t miss opportunity of buying on Tomorrow. Gold won’t go above $1348 level in any worst-case scenario.
Remember this what we stated on 22 September: Most of positive astro time have ended and small positive astro combinations is there which will going to end on 1 October and gold will enter in to 100% worst negative cycle from 1 November. At this stage trade in and out and keep building longer put options in gold and we are sure you will make future in 2017 by remaining bearish in gold.
Every analyst on this planet is recommending buying gold except me. Copper traded positive and stay long in copper, buying copper at $205 was good call. Sell more palladium and silver, stay sideline in platinum on Friday.