Close X Cookies are necessary for the proper functioning of 24hGold.com. By continuing your navigation on our website, you are accepting the use of cookies.
To learn more about cookies ...
EnglishFrench
Gold & Silver Prices in

Ten Predictions for Next Year

IMG Auteur
 
 
Published : December 30th, 2011
363 words - Reading time : 0 - 1 minutes
( 64 votes, 1.4/5 )
Print article
  Article Comments Comment this article Rating All Articles  
0
Send
0
comment
Our Newsletter...
Category : Opinions and Analysis

 

 

 

 

As promised, here are my predictions for 2012. So many things could go horribly wrong that it’s probably best that we simply try to live our lives to the fullest and not worry too much about the headlines.  Before I start listing away, let me wish you all a happy New Year. Whatever the news brings in 2012, may you and yours enjoy good health, happiness and inner peace.

Here they are:

*  After taking a strong lead in the primaries, Ron Paul will be bludgeoned into defeat by the news media and its Evil Masters. The Powers That Be have far too much to lose if Paul becomes President, and they will fight him openly and shamelessly with every resource at their command.

*  European borrowing rates will threaten to explode above 7%, pushing the PIIGS into bankruptcy (although it won’t be called that). The euro’s fall will be arrested at $1.08 nonetheless, buttressed by a Rube Goldberg “restructuring” plan that, fortunately for the global financial system, no one will be able to understand.

*  ‘Mother’ nature will continue to rampage with yet more earthquakes in places where earthquakes don’t usually happen.

*  Yields on U.S. Treasury Bonds will fall to 2% simply because there aren’t enough mattresses to hold the world’s money.

*  Despite its intrinsic worthlessness, the U.S. dollar will soar, pushing the Dollar Index above 90.

*  Toward the end of the year, deflation in the U.S. housing market will enter its climactic stage. Before the washout ends in late 2013, homes prices will have fallen 80% from their 2007 peaks.

*  Gold will stage a powerful rally after bottoming at $1445 in January, but the buying spree will fall well short of $2000. Silver will fare relatively worse, falling to $18.35 before finding traction and recovering into the low $30s.

*  Iran’s nuclear weapons program will be derailed, although not by economic or political sanctions.

*  Bird flu and/or Fukushima radiation could ultimately push all of the items on this list below-the-fold.  Except this one:

*  War will break out in the Middle East, and it will eventually be acknowledged as the start of a Third World War.


 

 



<< Previous article
Rate : Average note :1.4 (64 votes)
>> Next article
Rick Ackerman is the editor of Rick’s Picks, a daily trading newsletter and intraday advisory packed with detailed strategies, fresh ideas and plain old horse sense.
Comments closed
Latest comment posted for this article
Be the first to comment
Add your comment
Top articles
Latest Comments
Leaked Police Report: There Are 23 Muslim-Controlled “No Go Zones” ...
25 Junkevthorne1
I do not know how anyone could take an article like this seriously. It is garbage of the worst kind. 'Anonymous sources' 'unidentified leaks' - not...
Bitcoin in Perspective: Bill Gates Worth More, Gold 200 Times More
22 JunDavid C.2
Yes Mish, but bitcoin and the wealth and debt burdens of the world are fully backed by electrons which are very light. Unlike that 68 ft glob of m...
Bitcoin in Perspective: Bill Gates Worth More, Gold 200 Times More
23 JunDynoman0
Valuable potential is what's currently offered by digital currencies. It makes absolute sense to have a global digital economy based upon borderles...
Absent Without Leave
21 JunS W.
Bail ins for sure. It was agreed at the G20 in Brisbane. You are not really a share holder. You are an unsecured creditor to the bank a...
Absent Without Leave
19 JunJ.3
Perhaps all the international shenanigans are the smoke and mirrors intended to obfuscate the view of the looming financial catastrophe. When the ...
Gold Price Cuts Post-UK Election Loss, ETF Investors Sell, Nasdaq D...
16 JunSam Maher
"the SPDR Gold Trust (NYSEArca:GLD) – saw its sharpest liquidation since March in the week-ending Thursday, with shareholders cutting the fund's si...
Things To Come
13 Junkevthorne3
If voting for 'parties' actually made a difference they would have not legalised it. Since 1914, it's been the supply of currency that has governed...
Things To Come
12 Jun Roygbiv0
And JHK ruined your life because he then voted for Obamba ? For Jim C.
Most commented articlesFavoritesMore...
World PM Newsflow
ALL
GOLD
SILVER
PGM & DIAMONDS
OIL & GAS
OTHER METALS