$1555
merrrry christmas
Printable View
$1555
merrrry christmas
As another year's end approaches here's another 4 gold 'experts' who have got it wrong.
Samuel “Bud” Kress: $6,000 (by 2014);
Shamik Bhose: $3,000 (by 2014)
Robert McEwen: $5,000 (by 2012 – 2014);
Robert Lloyd-George: $5,000 (by 2014)
Anyway dudes, it's time to kiss your asses goodbye, 'expert' Marc Faber says the US economy will collapse by the end of 2013.
More on this on the 1/1/2014.
With the amount of DOOM and GLOOM round Gold of late I'd say we will see it move to spike lower early 2014 (1000oz-900oz) the late comers joining in etc ......
#1-This will lead to mass of Major Mine closures esp some of the higher cost deep underground operations that won't be re-opened till Gold is much higher .(water damage costs of pumping out etc)....this is of course in direct contrast to what's happening in global gold demand which has never been higher records breaking....
-The Major Trading banks// funds that have made billions from the Short trade will close out and head towards the long side because of the above ^^^ of course the public will be the last to know of this move..till mid year IMHO after they have filled their boots
--Gold will see it's bottom early to end 2014 much higher my pick 1605oz USD
Thank you for the discussions. I respect your opinions. I give my opinion based on my homework. We must have idea about market cycles, business cycles and currency cycles to reduce our risks.
Boom and Bust will be common in the coming two decades. Unless we find once and for all solution to the financial system we cannot expect sustainability in the financial and commodity world. We have to accept we cannot expect continuous rise in any asset, stock, commodity or currency.
NZD and AUD will plunge sooner than later and will adjust to the correct value.
It is time to go behind attractive opportunities in global stock, commodity and currency markets. We may see shift in markets sooner than later. We had bull markets in some countries including Philippines especially in 2013. Now Philippine market is having correction. We had bear markets in some markets during last two years and we will see bull markets in those markets in 2014 and 2015.
In any market be it developed, emerging or frontier market we need seasonal adjustments to our portfolios. I believe this is the time to readjust portfolios, do some rotation and identity next winners in the commodity, stock and currency markets globally. Globally some markets, sectors, commodities and currencies are under valued. Similarly some markets, some sectors, commodities and currencies are over valued.
We may have correction in some overvalued markets during next six months. It is time to identify next winners. Gradual tapering is good for the world economy.
Which markets including frontier markets, currencies, commodities and sectors will have strong uptrend next? I am doing my home work now. I will talk more about gold later. These days I am looking for out of favour boring commodities. I already said that I am bearish on gold, corn, soy bean etc. Now I am bearish on NZD and AUD as well.
My ideas are not a recommendation to either buy or sell any security, commodity or currency. Please do your own research prior to making any investment decisions.
The PM craze is over, probably for a decade or two. USD up next year, most others down vs USD. The taper will take care of that. NZD will probably remain persistently high because the NZ economy is on a tear and dairy farmers are creaming it. One I know is making $400k/month.
Most commodities will still do well, meat, milk, iron ore etc as the world economy improves.
We'll disagree on this one, Skol.
The Fed has IMO no intention to taper through 2014. But they crafted very carefully a statement to get people thinking that way. Read Bernanke's actual statement:
"If incoming data broadly support the Fed outlook for Employment and Inflation we will likely reduce asset purchases in further measured steps at future meetings."
That's a big IF - nothing committed. Yellen has wide open her window of opportunity to continue feeding her Master Banksters' coffers right through 2014 and beyond. I'm expecting this charade (the greatest Ponzi scheme on earth) to continue unabated until about the 3rd quarter (it could well be much earlier if inflation rears its ugly head) and then the house of cards comes crashing down...watch out.
http://www.usatoday.com/story/money/...ember/4078769/
Meanwhile, I'm managing my portfolio's risk with a large % (>60%) in PM stocks.
Re NZ, the economy's stable and has some growth (GDP at 1.4%, higher than forecasts of 1.1%) but our account deficit is not looking healthy (-4.8B !). Fonterra is definitely going to suffer some more due to international PR and product safety concerns (and French court publicity). I'm no longer bullish on NZ dairy.
USD recovery will be short-lived IMO.
But let's see - neither of us are annointed prophets. The Past is history, the Future a mystery, and the here and now a gift from God (that is why it is called the 'Present'). Have a Happy C.
BC
Yep, while I wait for the lamb on the BBQ we'll reflect on the fact that goldbugs persistently said there will be no taper. And there is, and Marc Faber who's wrong again said "there will be QE56".
The Fed will wind in the spending and one of the biggest booms in history will surely follow one of the biggest busts as punters regain their confidence and start spending.
Gold will continue its demise as interest rates rise and the taper continues, PM's will fade to a distant investor memory.
Hear hear BC, great post!
It's fun to mull over future price predictions and toss ideas and theories around but the future is a mystery and anyone who thinks they can predict it 100% is deluding themselves.
Hope you guys are having a great day in Aus or NZ or wherever you are. I'm in Scotland, big storms over here. Our flight from the Netherlands got delayed due to the flaps getting 'busted' earlier in the day due to high winds but we made it after a typical windy wellington style landing :-)
Miners not very optimistic for next year, they got it badly wrong this year.
As for the miners themselves, according to PwC’s recent gold, silver, and copper price report, they aren’t expecting the gold price to pick up in 2014 either -- only 47% of gold producers expect the price to increase in the next 12 months, compared to 88% last year
Read more: http://www.minyanville.com/sectors/p...#ixzz2oWbgCdvi