Finance analyst İslam Memiş evaluated the latest developments in the markets and his numerical predictions in a video he shared on his social media account. Memiş stated that there was a difference between the official rate and the free market in the dollar/TL exchange rate. While Memiş explained the method that investors can profit from this situation as a ‘tip’, he also evaluated the stock market, ounce gold, gram gold and silver figures.
Underlining that his assessments are not investment advice, Memiş said, “Borsa Istanbul is at 9920 points. There is a 0.17 point increase in value. The effort to hold on above 10 thousand is unsuccessful for now. The dollar exchange rate is 33.91 liras at the official rate. We will now say two rates. There is a difference between the official rate and free markets. In the free markets, the dollar/TL exchange rate is between 34.03 and 34.09. It settled above 34 liras. Since it is now settled here, the official rate will also keep up with it. The next attacks are at 36 liras.”
Answering the question “What would I do if I had 1 million TL?”, Memiş said, “I want to buy dollars. It is 34.09 in free markets and 33.91 lira in banks. I deposit it into my TL account at the bank, I buy it from the bank cheaply and I can exchange it in free markets. If I want to exchange dollars, I physically withdraw it from the bank and exchange it for 34 lira.”
Memiş continued as follows: “On the ounce gold side, it rose to 2531 this week, I had warnings that they could make a wrong turn. If there is no retaliation from Iran on Saturday – Sunday, I will read this as reaction increases, then I had warnings that it will decline. It is currently at 2480 dollars, congratulations. I had mentioned a figure related to 2470 dollars, our expectation on this side came true.
We said follow the ounce gold for gram gold. Since we expected a decline in ounce gold, we also expected a decline in gram gold. Gram gold had risen to 2801 liras in free markets. Congratulations to those who followed the decline in ounce gold and bought gram gold against 2480. Gram gold investors did not buy above 2800 and did well.
