Gold and money specialist: 35 lira will skyrocket

SAFAKNA TURKEY – Money market specialist Islam Memish made new predictions about the markets.

Memish, who warned small investors ahead of the central bank’s interest rate decision, said they should be careful.

Here are Islam Memish’s statements in his TV100 column:

We will follow the decision of the Central Bank of the Republic of Turkey (CBRT) on interest rates in domestic markets.

The Monetary Policy Committee (MPC) of the Central Bank of the Russian Federation will announce the final decision of the year on Thursday at 14.00.

I assume that the Central Bank of the Russian Federation will not change interest rates.

If you don’t think so, you can consider the following two possibilities:

1- If there is a decrease in the interest rate, there may be a regression in the stock market. Technically, I waited two weeks for a correction, with or without interest rate effects. I have already made this prediction. I assume that it can be pulled to the level of 4400 points before a quick rally.

2- Fluctuations in the dollar/TL exchange rate should not be expected regardless of changes in interest rates. They are under control for months and do not allow sudden movements.

The dollar index (dxy) may decline.

Perhaps it can recover to 102.50.

Although this is where the upward reaction comes from, it can be fickle.

When the attacks come up, the dollar holders must make a decision!

Because I expect it to fall below the 100 level in the first quarter of 2023.

Not from here, but when the response buys come, this may be the last opportunity to switch to all instruments against the dollar at parity.

The positive outlook remains for gold and silver.

In the price of an ounce of gold (xau/usd) 1 thousand 830 dollars and the price of an ounce of silver (xag/usd) the levels of 24.20 can be broken up.

“Gold will cost 1115 lire”

In any case, there are no problems with grams.

The target is 1,115 lira per gram of gold and 15 lira per gram of silver.

It’s a little lighter after he breaks from here.

The pressure on cryptocurrencies continues.

It will be her turn, but be patient a little longer.

Bitcoin is stuck in the $16-18K range.

They can maintain controlled suppression without leaving this band gap.

With only a short time left before the end of the year, there may not be a flood of news to worry global markets.

Those who want to spend the Christmas holidays don’t want problems.

“I only care about China”

I am concerned about the growth of epidemics in China.

Particular attention should be paid to new epidemics.

So keeping my distance makes sense for me.

Have a great week ahead…