There was a surprising development. There was a pressure on commodity prices. There was a decline in all assets against solar, creating a buying opportunity.
The dollar index rose to 103.1 dollars. In other words, the value of the dollar increased in international markets. Because FED members are making statements in hawkish tones. They say, yes, the markets have an expectation of reducing interest rates. However, earlier statements are coming that we will wait a little longer to reduce interest rates. They continue to make hawkish statements. Therefore, while the dollar index continues to increase in value in international markets, assets against the dollar surprisingly declined and were suppressed this week. The ounce price of gold, the ounce price of silver, the euro - dollar parity, the sterling - dollar parity will complete the week under this pressure again. For example, I'm talking hypothetically that I have $10,000. You can diversify your assets by making a basket by buying gold with 2500 dollars, silver with 2500 dollars, euros with 2500 dollars, and sterling with 25500 dollars. All investment instruments and instruments falling against the dollar should be evaluated as a buying opportunity this week. Because be aware, these opportunities will not come again. I continue to wait for the 1.15 level on the euro side, the 2350 dollar level on the ounce gold side, and the 32 dollar level on the ounce silver side. My bullish expectations continue.
I had stated that the Euro-Dollar parity would drop from 1.0851 level to 1.09 this week and from here it would test the 1.11 level again. The 1.09 level was also broken downwards. There was a half point decrease. I can say that these surprise declines provide very good buying opportunities for those who want to switch to the euro.
Ounce of gold is at 2010 dollar level. I stated that there would be a retreat to the 2038 dollar level this week, but there would be a rapid rise again from there. The $2038 level was broken downwards. The level of 2010 dollars was reached. Now it will continue its efforts to hold above the $2000 level. The important nuance here is that since gold is always fed by geopolitical tensions, inflations and global economic uncertainties, this pressure and decline in the ounce price of gold actually creates an opportunity for central banks in the world to increase gold reserves again or to increase gold demand. Every drop in gold prices on an ounce basis and every demand of central banks shows us the possibility that the risk of a war on the geopolitical side will start again either one month later or two months later. We saw this before the Russia-Ukraine war. We saw this before the Palestinian-Israeli war. They buy ounces of gold before every geopolitical risk. Central banks increase their stocks at this low price. Then, when we wake up one morning, we hear a news feed saying that things are messed up. We are now in January. We are in the second week of January. There is pressure on the ounce gold side, there is a decline. The World Gold Council will announce how much gold central banks are demanding in the first quarter of the year, and I will remind you of this. In January, there was a surprise retreat in the ounce gold side, the ounce silver side or the assets against the dollar. I will remind you that I stated that central banks will increase their stocks and establish a buying position again. I will re-interpret the World Gold Council's data at the end of March. What I mean is that central banks evaluate these low figures and this pressure on the purchasing side. As an investor, do not miss these opportunities. These opportunities are not opportunities that will come suddenly.
Now, as you know, on the Red Sea side, American and Israeli warplanes carried out a missile attack against Yemen, causing confusion in this side, and news of geopolitical tension in which Iran is also involved continues to come. Something is going to break out here. However, when these low gold prices are so suppressed and central banks increase their stocks again, we will take a look this time in the morning. The world economies will open their eyes with a tension that no one expected on the geopolitical side, and we will see an increase of $ 100 to $ 150 per ounce. Then we will say, I wish we had bought some more gold at this time, when it was suppressed and when it fell. There will be people who wish we had put a little more gold in our basket. In order not to say this, we need to turn this week into an opportunity. Because, be aware, assets against the dollar such as gold prices, silver prices, euro and sterling will continue to rise for months without giving any buying opportunity.
The ounce price of silver is at 22.60. Here, I stated that I would follow the $ 22.80 support level for this week. Here too, there was a decline to the level of $ 22.60. $22.40 is the second support level. Let's see if there will be a comeback from here again.
I stated that no bull market has started on the Bitcoin side, and you should especially focus on the $ 38000 - 48000 range. This thought still remains valid. Bitcoin is down 2% at $42320. Unfortunately, all assets against the dollar were deliberately and deliberately suppressed this week. But when we look at next week, we will see a complete headwind of this week. So the wind will blow in the opposite direction. Many lives will be hurt in the breeze of this wind. Who will be hurt? Those who sold their assets out of fear and panic at these prices will be very upset.
1.2669 in sterling - dollar parity. It still remains quite cheap. My expectation is 1.32.
The world economic forum started in Davos Town. We will closely follow the messages coming from there throughout this week. As you know, those who shape the new world order continue to give different messages to the world here. It is necessary to closely follow the news flows coming from here. This year's theme is that artificial intelligence will affect unemployment figures around the world by around 40%. In fact, I also stated in the analysis reports in 2023 that I expected serious unemployment in 2024. At this year's Davos summit, the World Economic Forum continues to report that artificial intelligence will cause 40% unemployment worldwide. Recently, one of the world's largest brands announced that they will lay off around 25,000 employees in 2024, and I think again that there will be a serious increase in unemployment figures related to staff layoffs all over the world.
The information, comments and recommendations contained herein are not within the scope of investment consultancy. Investment consultancy services are provided within the framework of the investment consultancy agreement to be signed between brokerage firms, portfolio management companies, banks that do not accept deposits and customers. The comments in this article are only my personal comments and these comments may not be appropriate for your financial situation and risk return. For this reason, investments should not be made based on the information and comments in my articles.
