Predictions for 2012 (post your own)

RetardedMonkey said:
fishball said:
- Gold may drop to $1300 before quickly surpassing $2000 soon afterwards (before 2012 ends).
- Silver will act in a similar fashion but at $20 and $45 instead of $1300 and $2000.
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I am with fishy here on Gold. It'll drop quickly and sharply to its low of about $1300-$1400, but it will bounce back by the end of the year.

Silver I am not too sold on bouncing back as quickly, although Gold might drag it along upwards. It's still not considered an investment metal to most, so Gold will be where everyone flocks.

fishball said:
My 'sources' from China tell me the Chinese are going nuts buying Gold bars at banks at the moment, inflation in China is VERY real and the demand is soaring. If Gold does get crushed it will be short lived imo.
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This re-enforces my view on Gold bouncing back and Silver being caught out.
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Bad call.
 
hiho said:
bernanke can not help himself he will inflate the US dollar to oblivion
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Correct except for the "oblivion" bit which has not occurred yet this year.

Edit to insert word "yet".
 
Nedsnotdead said:
Who knows what prices will do throughout 2012. We could be sitting here in 12 moths with the exact same price as right now.

However there will be some great opportunities to buy low and sell high over the coming year just as this year has given us. Picking it will be the key.

One thing i am certain of is my knowledge of PM will continue to grow and i will enjoy the ride regardless of what happens!
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Fair call.
 
Prior said:
I predict that my TV will fly out the window if I see Julia(r) Gillard spout about how well everything is going and that we are all little children that don't know what is right and wrong in her patronizing monotone one more time! :rolleyes:

Financially I will be hoarding gold and cash because I want high liquidity and a stable hedge for either inflation or deflation.
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TV should have flown out window on several occasions.
 
Earthjade said:
Personally, I think it's going to be bad, very bad.
All the signs are there, we are headed for a MAJOR deflationary episode worse than 2008.
In the first few months I think that:

* The US dollar will rally BIG TIME - people will flood to US treasuries
* Euro and European govt. bonds will be actively ATTACKED. Bond yields on countries in PIIGS and even France will hit record highs
* The Aussie dollar will tank BIG TIME
* The Aussie property market will begin to accelerate in its decline (but many won't be able to take advantage of it for lack of credit AND people don't want to catch the falling knife)
* Silver will CRATER - it will fall below $20 and may touch $15 (this board will be in shock)
* Gold will CRATER - slice straight down through $1400 (again, very tough for the posters here)
* Other commodities will similarly crater, oil will be cheap(er)
* Stock market will drop, but it will take slightly longer to do so than other asset classes and will be more volatile on the way down

Nowhere will be safe.

Several things could pan out for the PMs.

The bull market may well be over. You need to consider this is possible.
Gold's average price in its best month in 1980 was about $675. We saw an inflation adjusted equivalent this year at $1900, so gold has already made its 1980 high.
If deflation is here to stay, then there are two hopes:

1) As the Aussie dollar tanks, holding PMs demoninated in $USD per ounce may offset this.
2) If the Euro is actively attacked, the USD may well follow soon after. If this happens, the PMs will be the last ones standing. However, if everyone flies to US dollars, it may not come to pass that people will want to attack their sole remaining fiat safe haven. We cannot automatically believe the USD will indeed be attacked. In fact, in a deflation scenario, this essentially means dollar destruction. Every USD becomes more valuable as time passes. That's BAD news for PMs.

After the cratering of PMs, the Fed, ECB and IMF print.
This is essentially what stackers have pinned their hopes on.
We may not see hyperinflation, but political pressures that force printing will likely mean that the massive drop in PM prices will be met with a turnaround quicker than the other asset classes (as occurred in 2008). But will it be enough to stem the deflationary tidal wave?

In the end, the world will DEFLATE - guaranteed.
The only question is if the central banks are going to let it fall or will try to prop it up one last time with printing (after which it will deflate anyway).
This is going to be a very difficult time for all of us, but I'm convinced a PM smackdown in 2012 is all but assured.
Where the clouds are is what happens AFTER that? Do we go inflation or continue with the natural trend towards deflation?
Even if things pan out well for the PMs and we see the price rise again (and there's no absolute guarantee it will), you may only have a very short window in which to sell before deflation kicks back in.
If we hit hyperinflation and final dollar destruction, then obviously all bets are off on the PMs.

All I know for near certain is: prepare for a massive 2012 shock downwards for the PMs.
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#1 by the OP.

Hard to beat for worst call.
 
I predict it'll be 2013 soon, and most of the 2012 predictions in this thread won't eventuate.
 
euphoria said:
Ill just roll over my signature for next year.
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Signature reads: Price prediction made on 28/12/11 Au: $2500 Ag: $70

Out by a mile two years in a row.

Worst permabull call.
 
Eureka Moments said:
I question the USD index soaring.

The US will be unable to improve its economy as its exports will be curtailed by a stronger USD. In an election year the US govt will do all it can to avoid recession.

Their only weapon to keep their dollar from soaring against other currencies is to dilute its value. Call it printing or quantative easing, the net result is the same - a weakened currency or one that maintains relative value against others.

Australia is at the mercy of the rest of the world. Bugger all manufacturing (same as US and half of Europe) and a mineral driven economy that could dry up at a moments notice. As a Country you may survive on tourists, McJobs and Govt handouts but you will never prosper. Most Western economies are in the crapper because they no longer make anything.

What has actually changed over the last 6 months? Everybody knew about the Euro problems then and most predictions were for a high Aussie dollar and Commodity prices. Gold was going to do well and silver was going to soar. Now everyone is predicting the exact opposite. Why is this so?
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Dumbarse.

Cant even spell (or pronounce) quantitative.

Also should have inserted the word "crappy" in between "relative" and "value" in sentence 2, paragraph 3.
 
Prediction- Another round of QE... No way will the US go insolvent ( Not at least in 2013). So expect gold to go up again as it has every other round of QE....
 
Eureka Moments said:
euphoria said:
Ill just roll over my signature for next year.
Click to expand...

Signature reads: Price prediction made on 28/12/11 Au: $2500 Ag: $70

Out by a mile two years in a row.

Worst permabull call.
Click to expand...

I called these same figures :lol:

... Can somebody please tell me what a permabull is?? !!!
 
Chillidog said:
I also think we will see $23 ish for silver and $1490aud for gold within the next six months then $36 and $1630 at years end.
As for buying or selling. I'm buying while the price is below my aggregate price. So I'm buying up to $34.50
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I think chillidog gets the predictor of the year award . .

I think it needs a name ..... The "im not Steve Keen "award :lol: Any other suggestions ?
 
geewiz said:
Eureka Moments said:
euphoria said:
Ill just roll over my signature for next year.
Click to expand...

Signature reads: Price prediction made on 28/12/11 Au: $2500 Ag: $70

Out by a mile two years in a row.

Worst permabull call.
Click to expand...

I called these same figures :lol:

... Can somebody please tell me what a permabull is?? !!!
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I seen you ask this b4 i thought you got an answer

A bull is someone who loves the investment & talks it up so a permabull talks it up endlessly like yippee i think he takes the permabull of the site award ....but i notice he's been selling his silver ......... Hmmm very interesting .

& a Bear is someone who is a bit wary of an investment & doesnt like it or thinks it isnt the right time to invest
 
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