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 then, 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 mainstream news media and its Evil Masters. The Establishment has far too much to lose if Paul becomes President, and it will fight him openly and shamelessly with every resource at its 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.
My Predictions:
Gold & Silver will go up and down..Silver will end between $15 to $92; Gold will end between $950.35 to $3,000.15 range.
‘Mother’ nature will continue with tornadoes in the Midwest; earthquakes in California; Heavy snow on the east Coast; lots of humidity in southern Florida<< going out on limb on that one.
Iran’s nuclear weapons program will be like it’s now, nobody knows.
War will break out somewhere.
Here is tough one to predict homes prices will fall<< like this one is a hard one to predict.
The thing that is funny about these stupid predictions is including Rick here and the rest of these people on tv making predictions is,.. next year they will all claim that they got everything correct and want everyone to buy their crap/information for the next year…so far everyone got the 2008 collapse right..but not one of those people where being interviewed on a beach with hundrend dollar bills and gold coins falling out of their pockets!..investing is a risk and my past predictions are not guaranteed to make money, that's what these guys say, but they want investerors to pay for their weatherman predictions.