The Dow Jones today projected an 86-point gain in premarket trading as the Turkish lira stabilized after falling roughly 15% over the last week. Turkish authorities moved to boost liquidity in the nation's markets on Monday, injecting around 10 billion lire into the Turkish financial system.
Despite efforts by the nation's central bank, Turkish inflation remains at 16%, well above the central bank's target of 5%. However, Money Morning Resource Specialist Peter Krauth believes that this weakness is setting up a huge profit opportunity in gold...
Here are the numbers from Monday for the Dow, S&P 500, and Nasdaq:
Now here's a closer look at today's Money Morning insight, the most important market events, and stocks to watch.
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