Critical Warning from Memiş, Known as the Golden Oracle

Famous analyst Islam Memiş, known as the Golden Oracle, conveyed his predictions for gold. Making important evaluations about the markets, Memiş warned investors about some critical points.

Critical Warning from Memiş, Known as the Golden Oracle. Cryptocoin quoted the predictions of the famous analyst Islam Memiş. With the aggressive interest rate policy of the FED, the US dollar maintained its strength, while precious metal prices rose slightly. Memiş, whose previous predictions were correct, stated that many people know that inflation will not decrease with the FED's rate hike, and that an increase of 75 basis points may upset the market balance. Stating that the activity started in gold and dollar before the decision, the expert said, "Those who have dollars should take advantage of the low commodity and parity opportunity to distribute the risk." Emphasizing that the decline will not continue, Memiş said, “I believe that such an interest rate hike will disrupt the markets. There is a serious uncertainty at the moment." Currency May Decline in Turkey Finally, he stated that the Central Bank deliberately suppressed the gold and silver market and emphasized once again that the declines would not be permanent. Adding to his words that Turkey has gone through an important operation, Memiş stated that Turkey is in a serious economic crisis and that with the new economic package, a sharp decline may be experienced in exchange rates within 1 month.