Monday, December 11, 2017

12/12/2017 Update: EUR and GOLD Position opened

After a relief of stress of Turkey with US, BIST 30 stock market made significant gains.
USD/TRY, EUR/TRY and GOLD/TRY pulled back from all time highs, trading close to 50 day Moving Averages.
Fictional Monthly Interest Account #2 is closed with 15.644,45 TL invested in EUR and 15.000 TL invested in Gold.

BIST 30 Rally can be seen below. Long position can be considered around 122.000 level.
USD/TRY pulled back till 50 day Moving Average.
EUR/TRY also pulled back close to 50 day Moving Average and as mentioned position is opened.
GOLD/TRY broke 50 day Moving average and trading above 200 day Moving Average at the moment. The position will be further increased if the market trades close to 200 day Moving Average (around 148) .
Overall Summary is below. Taking the initialization date as reference, Fund performance has been better than Interest, USD/TRY or EUR/TRY return. It is close to Gold return however worse than BIST 30 return at the moment.