A review of our predictions for 2012--remember the year isn't over yet! "2011 will go down in history as a crazy crazy year. We saw lots of action, but didnât get anywhere. Markets waxed and waned, pundits were all over the map and hedge funds opened and closed. The Occupy Wall Street protests used their theater to attack the wrong parties, those who are successful and/or employ thousrands of people just like themselves. The real culprits, sensed but missed by a mile by the Occupiers, reside at1600 Pennsylvania Avenue. Had these well meaning but misled folks directed their anger at the actual evil, perhaps change could have been started, instead it was the sound and the fury. As Roger Daltrey sings, âWe wonât get fooled, againâ. 2012, an election year, will see great, positive changes in America. Innovation, stellar corporate earnings, IPOâs, and yes, even the Fed will contribute to turning 2012 into raging bull stock market. Investors will decouple the European woes with domestic progress fuelling a super bull in U.S.equities. We are long and strong U.S. stocks entering 2012. As positive as we are about the U.S.stock market, we are super bearish on the euro. Parity is coming with the U.S. dollar, perhaps sooner than our models indicate in less than 3 years. If the EUR/USD hits the 1.1100 level by the end of 2012, we will not be surprised. Things are unraveling at a greater pace than the news media reports in the euro zone. The single currency will take the brunt of the carnage. How exactly this will play out, we donât know, but the programs are certain of the occurrence. We are heavily short the euro going into 2012. We also expect things to be worse for the Swiss and Japanese. The Swiss franc is projected to devalue at least 11% against the euro and the Japanese yen to collapse at least 23% against the U.S. dollar. These are going to be heady times for currency traders. Watch closelyâ¦. The bearishness extends to metals. Gold is over, finished, trashed. Gold $1300.00 per oz is in the cards for 2012, then a total retrace to sub $1000.00 where the junk will linger for years. If you caught the upmove, kudos to you, NOW is the time to get out. Letâs go do what happens. Happy New Year!!"
Kinda like your adamant prediction a couple years back that gold would absolutely, positively not break above $1200, and would see $600 again first, right? LOL Maybe like a broken clock you'll be right this time, but your continued adherence to these predictions, rather than simply adjusting to what the market gives you, makes you an amateur.
Surf, you know I did a thread about your predictions, but as lazy as I am, I will check the overall return of it only at the end of the year. You could have made an update though, where they stand now. Oh, I see now why you didn't bother us with the update....
PittsburghPekelo, happy to see you are still posting! Man, I miss Vincent's and Fiori's Pizza in that town-- the best in the world. The year still has 4 months to go. Will wait to see what happens. surf
Heading to Palm Beach, island hopping in the Caribean, Mexico, then to Zurich. Will be back in a couple weeks. Best wishes everyone!
surf referred to his infamous "price drivers" as the coveted & highly secretive COT report in a past failed thread.
Beware of anyone trying to impress others with predictions and threads positioning themselves as an "expert" looking for validation. The true experts and professionals are too busy making money for themselves to bother with such exercises or care whether others know about it.