Saying ‘The film is broken’, Islam Memiş warned about gram gold

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Lerato Khumalo

Gold and money markets expert Islam Memiş warned investors that there was a big surprise in gold prices. Islam Memiş said that everything could be different after 21:00 on Wednesday, September 18.

İslam Memiş’s stock market, dollar, ounce gold and gram gold predictions are as follows: We will no longer look for buying opportunities on the stock market side. We are not interested in whether it has fallen or risen for 6 months. The only thing we are interested in is the 12000 point level. Here we will exit 5 stocks that are indispensable for us. We prefer corporate companies. Between the 9000 level and 11,200, the index always rises to 11,200, they asked why my stocks are not gaining value, but they could not find an answer.

We will see an increase of up to 12 thousand. If the investor invests in stocks other than corporate companies, good luck. Determine corporate companies, do not enter a single company. When you invest with hearsay information, you lose 20%, 30% of your money.

The dollar exchange rate completed the week at 33.90. The index was weak this week. I can say that the cheapest dollar remained here. We are following the 33.80-34.20 band ranges. I have warnings for those who trade with foreign exchange that the declines will not be permanent. Let’s say there is a decline, this is a buying opportunity.

Gram gold did not give up the first place as the investment instrument that yielded the most profit with 2.02 percent in the country. It became the investment instrument that yielded the most profit with 4.1 percent in August. Last week, inflation data in the US and interest rate decisions in Europe were of critical importance. The data came in line with market expectations, but I had warnings below.