Gold and money markets expert Islam Memiş gave the alarm of a ‘month of crisis’. Memiş shared the developments he expected in December with his followers.
Emphasizing that his statements were not investment advice, İslam Memiş made a statement on his social media account. Memiş said, “There was an 11-day operation process. They did this when the economic data came. I had warnings against this. As a result, all our expectations came true. We had taken a dollar position on the ounce gold side, we completed our purchases when it fell to $2470. I had warnings that I was expecting a $100 sale. It’s the same on the stock exchange. It’s the same in the cryptocurrency market. The only thing that surprised us was the oil prices. There is a manipulative pricing here too. As the number of oil wells increased, the tanks were filled cheaply. When oil prices decreased, they lowered the prices. It will probably be a process where it exceeds $80.”
Memiş said, “I had warnings of a storm last Friday. There was US non-farm payrolls data. I had said that if the figure came above 4.3 percent, the market would be in turmoil. It was announced as 4.2. This should have caused the dollar to lose value, because the Fed’s 50 basis point interest rate cut has started to be priced in. We saw sharp declines in assets against the dollar.”
Following these evaluations, İslam Memiş took the investment instruments one by one and warned of a ‘crisis month’…
