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 :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.
Latest comment posted for this article
Be the first to comment
Add your comment
Top articles
Latest Comments
The Finanser Interviews Jon Matonis
29 Marovertheedge
"In late 2009, I got introduced to Bitcoin by a random email from Satoshi Nakamoto. I didn’t give it much thought at the time and then 3-4 months ...
Gold Effect on Mining & Shale Wa...
27 Maruser4779
A jumbled and rambling article, seasoned with hyperbolic rant, but redeemed by interesting information. So 3/5. A good editor could turn this into ...
Oil Surges, Gold and Silver Spik...
26 Marovertheedge
"That a country would choose to directly intervene militarily in the affairs of another country is a dangerous precedent, ..." Precedent?<...
Water Wars Loom Over California ...
26 Marovertheedge
Ellen Brown should stick to what she understands versus geology, hydrology and financially available technology. Example: "With discussions...
Kicked to the Curb
24 MarFalconflight2
I'm both ashamed and disgusted by the government 'of, by, and for the people,' every bit as much as I am ashamed and disgusted by the People.
The Silver:Gold Ratio, 1687-2011
24 Marconey1
"large new deposits of silver were found"? So what was found by ECB that enabled them to cough up an extra trillion euros for failing European econ...
The Silver:Gold Ratio, 1687-2011
23 Maruser4779
You are right that a currency based on precious metal is subject to inflation if there is a big increase in the supply of that metal. Indeed, this ...
The Silver:Gold Ratio, 1687-2011
23 Maruser4779
"The red line in the chart is a 16:1 silver:gold ratio, and the green line is a 15:1 ratio." This is the wrong way round: swap "red" and "green".
Most commented articlesFavoritesMore...
World PM Newsflow
ALL
GOLD
SILVER
PGM & DIAMONDS
OIL & GAS
OTHER METALS
Comments closed
Subscribe to 24hGold’s daily market briefing
  • Prices and data of precious metals in 119 currencies and world mining companies
  • Daily analysis of the economy, markets and more
  • Free, daily and indispensable
Stay informed, subscribe now !
* Your email will never be shared.