Underlining that what he said was not investment advice, İslam Memiş’s article on TV 100 is as follows:
The third quarter of the year is just around the corner. I expect a very turbulent end to the financial markets. In other words, the environment I like has come together.
The perfect storm is approaching! I expect a period where all the stereotypes will be broken.
For example;
The Fed may begin cutting interest rates by 25 basis points on September 18, and the dollar index (dxy) may fall below 100.
However, do not expect the EUR/USD pair to soar. The pair may fall even more sharply than the dollar.
When the 1.0950 level is broken downwards, it will first take a breather at 1.08. Will that be enough? It’s not enough, it could go down even further and I wouldn’t be surprised.
You might think, “When the dollar index and EUR/USD parity decline, the TL legs will also decline.” No. Not the TL side, that’s a different story.
The ounce of gold went to the $2,560 level, is there still a way to go? Yes, it has a way to go to the $2,570-2,578 level.
So what were our expectations this year? $2,600-$3,000 range. So, are we surprised? No. But there is a trap, a big trap!
They can bring the ounce of gold up to $2,420 and stall it. Maybe it can drop even lower! They will shake it in the Perfect Storm too.
They will not complete the year without performing the final bottom operation. Will gram gold also decline? Where the ounce goes, the gram goes.
You may ask, “So, should we convert our gold into TL?” My answer has three options. The only condition is not to be left without a currency!
