Global Uncertainties Are Rising: Investors Are Turning to Gold

Global Markets Continue to Experience Volatility

As the global financial markets enter the final period of the year, they are facing increasing uncertainty and high volatility. While investors try to find the right direction in this complex environment, they are adopting a more cautious approach. Experts emphasize the importance of focusing on technical data instead of emotional decisions.

Christmas Rally Expectations

The sideways movement in the markets is attracting investors' attention. The S&P 500 index has been moving at a certain level since October, while shares of AI-focused companies are also in a pause period due to profit realizations. However, the historical performance of December generally offers a promising outlook for investors. The weak performance of the second week of December, but the potential for the anticipated 'Christmas rally' to begin around December 16, is generating curiosity among investors.

Technical Indicators to Watch

Gordon draws attention to the potential 'head and shoulders' formation that could occur in the S&P 500 exchange-traded fund (ETF) charts. This formation suggests that the upward trend in prices may be coming to an end and a potential decline could begin. Additionally, the 20 and 50-day moving averages have a chance to create a support level during possible downturns.

Macro Indicators and Gold Investments

Important indicators that help investors determine market direction include US 10-year Treasury bond yields and the US dollar index. Downward movements in bond yields and the dollar index generally create a supportive environment for stocks and commodities. In this context, gold is expected to attract attention as a 'safe haven' during periods of uncertainty.

Adopting a defensive investment strategy, Gordon plans to increase his investments in gold mining companies. Notably highlighting companies like AngloGold Ashanti, which has a market value of 42 billion dollars, due to their strong growth potential, Gordon is considering expanding his position if the stock price exceeds 89 dollars. He notes that this company has growth targets until 2026 and currently occupies 2% of his portfolio.

In Conclusion

While the current market stagnation is expected to continue, evaluations suggest that new opportunities may arise with the breaking of technical levels. It is becoming increasingly important for investors to be prepared for various scenarios during this process.