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I don’t know whether to start with
the gold market comments on this transition or the upcoming Mayan calendar
Dec 21, 2012 predictions.
First. We got this mega hurricane in the
East coast that messed everything up and shut the US markets for two days,
which are open – barely. I think this Hurricane has prophetic
implications too. But that is a personal opinion.
Then, we have the US election next
Tuesday. Everything is in transition. One thing I am certain of, being a gold
prognosticator (one of the best I believe and I can prove it), is that gold
is going higher in 2013.
Of course I can be wrong. A huge stock
crash is also due, and that always drags gold down. But nevertheless, I
predict gold will be in the $2000s in 2013. A year ago we predicted gold
would range from $1500 to $2000 for 2012. That proved very accurate for a
range.
When gold will break this $1800 barrier
(we predicted a month ago roughly that gold would not break $1800 by a
weeks’ notice and it dropped) it’s hard to tell. But it will
happen within a year. Next ranges for gold will be according to my
calculations $2000 to $2500 in 2013. Silver of course rallies too, but I use
gold as my main metal metric.
But we are all waiting for the US elections,
and also China has a regime change every ten years, in November late. Right
after the US elections. Then Merkel has another big election in mid-2013. And
she will be pressed to not roll over on the EU debt crisis. And that means
the EU debt crisis will come to a head again around March.
So we have ongoing Mid-East chaos, and a
coming new EU debt crisis (never ends) and new regimes worldwide. This is
very gold bullish.
So while these three major economies get
new leadership, as you notice the world stock markets are basically on hold.
But I am sure a big stock crash is coming.
It’s just been too long since the
last crash when the S and P hit 666 (nice Halloween number).
With the US fiscal deficit in shambles,
and the US fiscal cliff coming Jan 2013, and US companies doing thousands of
layoffs again, the signs are again for a mega stock crash coming. But who
knows how soon after the US elections at the very least?
Then the China regime change, then the
Merkel elections….
Then, we have this amazing prophecy
stuff related to the Mayan calendar ending Dec 21, 2012. There are also many
other prophecies related to this date, the I Ching
and US Native American like the Hopi. The world is indeed going through huge
changes at this juncture. Look at the total remake of the Mid-East for
example.
The point is,
we are indeed at a huge transition period for the world. And gold
will rise from here. It will be tested if there is a big stock crash, but we
think it will have a floor of around say $1000 in the worst case scenario. It
will rally after that. But sans a world stock crash (which does not HAVE to
happen) gold is going over $2000 in 2013.
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