Many Predicted Names Have Made Their Final Warning For Gold:

The horizontal course in gold and dollar continues for now. Meanwhile, Money Markets Specialist Islam Memiş made a surprising prediction. According to Islam Memiş, this date is the last month to buy gold and dollars.

Islam Memiş gave a date for gold and dollar

Islam Memiş, an expert in gold and money markets, evaluated the messages of the Fed and the Stock Exchange. He made critical statements for gold, silver and cryptocurrencies. He said that September is the last opportunity for gold and dollar in his striking predictions. cryptocoin.com We have conveyed the sharp price movements of gold for the last 3 weeks. Memiş, on TV100, ‘What do the messages of the Stock Exchange and Fed mean?’ He describes the current environment in his article titled:

In the last three weeks, we have seen serious rallies in bank stocks. While there is a trend that does not get enough of the record, we see sales due to abroad today. Although it was not a sale for foreign reasons, technically it had to make a correction anyway. While the ready sales have arrived and the excitement has waned a bit, it is necessary to sit down and think.

Memiş explains why he should invest in a basket of shares of different companies:

“Where is the banking sector in Turkey, am I doing the right thing, are there any alternatives, where to go, where to buy etc. I don’t think the initiators know how long the rise will continue. If they knew, they could clearly share it with their customers. We know that banking profits also melt in the face of inflation, it is not known how long the inflation pressure will continue and it is difficult to account for it. Especially the profit pressure is effective in opening the margins. Their job is not easy, as they are under the control and monitoring of the election process. For this reason, it is the most logical decision to make a basket with the shares of different companies. For example; At the door of the world energy crisis, geopolitical risks are increasing, the information sector is being renewed. Energy, defense industry and technology companies can be alternatives.”

“At the door of the world energy crisis, geopolitical risks are increasing”

After the US inflation data, hard sales continue in cryptocurrencies. Memiş interprets the data from the Fed as follows:

What message did the US inflation data convey? The US inflation data announced at 15:30 yesterday came in worse than expected. Consumer inflation in the US was 8.3 percent on an annual basis in August. The expectation was 8.1 percent. The rate hike of the US Federal Reserve (Fed) by 75 basis points on September 20-21 was also finalized. The general expectation before the data was 50 basis points. Bad data changed expectations. The data that exceeded expectations caused a decrease in risk appetite, and the global stock market, commodities and cryptocurrencies also caused a sharp decline. In other words, high inflation hit the markets.

After the US inflation data, the price of gram gold fell below $ 1,000. Islam Memiş says that September is the last opportunity for gold and dollars:

While the Fed’s 75 basis points interest rate hike was considered certain, the 100 basis point jumbo increase came to the fore again. The markets, which were waiting for new rallies yesterday, started to talk about new lows today. The balance has changed in an instant! For one last time, we may see stock markets, commodities and cryptocurrencies suppressed. By October, central banks are out of the field, the market writes its own stories and prices. September could be the “last bearish month” for EUR/USD, gold, silver, cryptocurrencies. There is no problem in pricing against TL. Head up. Where the dollar goes, they go there. The message of the stock market is “I don’t know what will happen either” Fed’s message is “Final”

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