Gold to be directionless in Q1, start accumulating silver

Gold market will remain directionless in the first quarter of 2012 while it will be a memorable period for silver, according to Mr Mahendra Sharma, renowned financial astrologer based in USA.

In his latest book, 2012 Financial Predictions, Mahendra Sharma advises investors to accumulate gold as it has already neared its bottom. Investors should start accumulating silver by third week of January, he said in his book.

Silver is controlled by the Mars. “The Mars represents water and water means instability or always moving even with a small blow of air,” Mahendra Sharma said in his book.

Platinum and palladium will rally in 2012  and both are controlled by planet Saturn which is in a positive phase.  Investors should build positions during weaker Astro cycles and can also invest in Palladium stocks.  The first quarter of 2012 is highly favourable   for palladium as the planetary positions indicate prices can move up by 30 to 50 %.

Among base metals, he expects a wonderful year for copper and aluminium. Aluminium will perform far better than zinc, steel, nickel and lead.

Mahendra Sharma began publishing his Financial Predictions from 2012 and says he has made accurate predictions on the collapse of USSR, terrorists attacks in USA and India, collapse of Argentina economy, fall in prices of dolar, gold, oil and several other commodities.

Overall 2012 will be very positive for most of investors as globally stock markets will be constantly moving up. Currency markets will remain less volatile and commodities will surge higher for the first half of 2012 after a shaky start in January 2012, according to 2012 Financial Predictions. – BullionStreet

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Posted by Silver Guru on Jan 21 2012. Filed under Silver Analysis. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry