-->Today is a last day for down-trend. Gold is now at $331.30 will recover before closing and go up from tomorrow.Yes, May Big panic for short term speculators, but I am not worried, infect this is buying time. At $331.30 today we are getting, big auction and sell, tomorrow session will over. Good luck to all metal investors.
I just came in and I found few emails. I gather from these emails that metal investors are behaving like gold has gone valueless. As I announced in the last week's news letter that I Gold will move up any time this week, the week is not over yet and my day is Friday 14th March 2003. Gold will form a new bottom around $342.80. From here gold will start a journey to $400. So I am holding prediction of $400 in next 29 days and I am confident like I was in December for gold to touch $350. Silver will also cross $5.00 in the next two weeks.
In last week's news letter prediction on Platinum and currency, I said Platinum will touch $700 and it was the last week for the Rand and the Swiss Frank to remain strong against the dollar and very soon their value will drop. All this is happening now.
The major stock market will remain weak in the long-run but they will bottom out next week for short-term rally. As I have been saying for the last 3 years that Dow will touch low 5950 in 2003 except key Technology stocks which will perform excellent in 2003. There are no other areas I see for investment, that is why I have been recommending investors to hold their positions in metal stocks and they can buy few Technology stocks.
The Dollar will remain volatile but many other key currencies which were going stronger against US Dollar will fall sharply in short term.
Thanks & God Bless
Mahendra Sharma

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