Let us sum up the projections for 2011

Bear · January 5, 2011 11:10AM

1. The sun will come out from behind the clouds and
things will get better day by day.

2. Things will stay pretty much where they were in 2010.

3. We are facing a disaster of monstrous proportions.

Make you selection and place your bets folks, the wheel is spinning.

OPA · January 5, 2011 12:14PM

4 ... Bear will post a few more cataclysmic doomsday predictions ( just like he did for 2010 ) and thank God, none came true, except for the "The sun will come out from behind the clouds"

piecesofme · January 6, 2011 6:56AM

If things are so bad, why do I have to wait in line at the Bank? When we go to see a movie, why is it packed? When we go out to eat or shopping at the Mall, why are parking lots packed? Why did the stock market have the year that it did last year? Why are existing homes sales high? Why did all the auto manufactuers except Toyota have a break thru year last year…SUV’s and full size trucks leading the way?
One could argue that because unemployment is high, there’s more opportunity for people to get out, but it cost $ to go out last I checked, right?
I know there are a lot of people hurting because of what was claimed to be a Recession, but I think a majority of those affected are still doing ok. How can I say that? See everything I just said above.
There’s a lot of $ on the sidelines. Unemployment benefits continue to be extended to lengths that literally makes me sick. Some can apparently get by on it. As long as Uncle Sam keeps giving them free $, why bother looking for work?

Bear · January 6, 2011 7:01AM

The major changes in life styles between the 1960s and today are these;

1. Folks are working harder

2. The spouse, with children also works

3. Folks are working more then one job

4. People are working part of their vacation time
to make more money.

Yes theaters are full and restaurants are busy, but the average American worker is
having to work ever harder, just to stand still.

timcoin · January 6, 2011 7:22AM

<< If things are so bad, why do I have to wait in line at the Bank? When we go to see a movie, why is it packed? When we go out to eat or shopping at the Mall, why are parking lots packed? Why did the stock market have the year that it did last year? Why are existing homes sales high? Why did all the auto manufactuers except Toyota have a break thru year last year…SUV’s and full size trucks leading the way?
One could argue that because unemployment is high, there’s more opportunity for people to get out, but it cost $ to go out last I checked, right?
I know there are a lot of people hurting because of what was claimed to be a Recession, but I think a majority of those affected are still doing ok. How can I say that? See everything I just said above.
There’s a lot of $ on the sidelines. Unemployment benefits continue to be extended to lengths that literally makes me sick. Some can apparently get by on it. As long as Uncle Sam keeps giving them free $, why bother looking for work? >>

When a county is $14 trillion in debt, which is the value of about 71 Googles, and the government is giving out money hand over fist, folks can afford to do these things. It is all pretend though. Fake. Imaginary. Temporary. Wishful.

Jinx86 · January 6, 2011 7:41AM

The company I work for cant expand fast enough. When I started at Buhler, now Versatile over three years ago there was maybe 60 employees here in Fargo Company sales of about $180 million. The next year 110 employees, we had to add a night shift, earnings of $280 Million. This last year 210 employees running 20 hours a day five days a week with sales of $265 Million. Were so behind of product going out the door right now Im working 12 hours overtime a week or more and theres no room left in the parking lot, were actually have to park in the street and their still hiring and expanding. We bought 2 more plants in the states to take on some of our side jobs and their even falling behind and haveing to hire more. I have great faith in the state of North Dakota, were booming. I know of maybe 2-3 people looking for work and not one person taking extra jobs to make it by.

Thats just what I see up here. Around the country there maybe people hurting for jobs, just not here.

piecesofme · January 6, 2011 7:49AM

When a county is $14 trillion in debt, which is the value of about 71 Googles, and the government is giving out money hand over fist, folks can afford to do these things. It is all pretend though. Fake. Imaginary. Temporary. Wishful

And then cousin Timmy wants to do this:
scare tactic

dbcoin · January 7, 2011 4:59AM

When a county is $14 trillion in debt, which is the value of about 71 Googles, and the government is giving out money hand over fist, folks can afford to do these things. It is all pretend though. Fake. Imaginary. Temporary. Wishful.

Good point. Kind of like when everyone was taking money out of their houses like ATMs and spending that money. All illusionary

piecesofme · January 7, 2011 7:24AM

Do all these things I’ve thought of forecast an end to this speculator driven run of the PM’s?
One hell of a run in a relatively short period of time making people realize just how far it came…A new year when people generally look back and see what was good for them, and decide it might be time to lock in some profits i.e., an annual adjustment of portfolios…A new political make up that will surely lead to gridlock for at least 2 years…A Treasury Secretary and Fed that have their heads up their arse and actually wants to in essence free up credit in a time when it should be not be lax in lending and the Fed admitting to want to provoke inflation.
I’m getting off track with a political view, but lets admit that it must be taken into account. I could go on as this is just the tip of the iceberg in my eyes, but I wont at this time other than to say that I think stocks will have a good year in ’11, as well as Oil will be the new play in place of PM’s as it did not follow with the overall run most commodities had the past year. It will be speculator driven just like PM’s were. There's alot of $ sitting on the sidelines and I think it'll flow back into the market (stocks, funds) more than it will help with commodities. The Dollar seems to be on an upward tick now also. Historically that means bad news for metals but as we know that is all subject to manipulation.
Am I talkin’ and not really saying anything or does any of this make sense to you? (boy, am I ever setting myself up there

) Go ahead and take your shots keeping in mind that I will respect your opinion if you do mine. I'm hoping for civil discussion rather than the typical personal attacks that usually follow after someone has said "unpopular" comments.

Bear · January 7, 2011 7:35AM

Clean drinking water is the next precious commodity worth fighting wars over.

On a planet filled with salt water, it seems that there is not a drop to spare of

potable water.

goingbroke · January 8, 2011 12:24AM

Bernanke: 4-5 years to reach normal unemployment; $600B support program still needed

tincup · January 8, 2011 12:36AM

<< Clean drinking water is the next precious commodity worth fighting wars over.

On a planet filled with salt water, it seems that there is not a drop to spare of

potable water. >>

You are exactly right about this Bear. Smart money has been quietly buying up this resource.... the squeeze will be coming very soon. (I was surprised to find out huge amounts of high quality water is being pumped out of the ground around the Great Lakes causing depletion of water tables and sink holes, etc. And we are shipping much high quality water to China, etc. But then I saw most of this info on Jesse Ventura's Conspiracy show, so how much if true and how much is hype I do not know for sure).

"Whiskey is for drinking; water is for fighting over" is a quote generally attributed to Mark Twain that kind of sums it up. Water was precious in the Old West and will be even more so in the future.

goingbroke · January 8, 2011 12:55AM

Sen. Jeff Sessions of Alabama, the highest ranking Republican on the committee and a fiscal conservative, expressed concern that the Fed's bond-buying program could spur inflation. And he wondered whether the Fed was simply printing money to cover the nation's deficits.

Bernanke countered that the program won't expand the amount of money in circulation in a significant way because banks aren't lending the money.

It's not a situation "where the Fed is dumping money into the economy," he said.

HMMMM?

DoubleEagle59 · January 8, 2011 12:58AM

<< If things are so bad, why do I have to wait in line at the Bank? When we go to see a movie, why is it packed? When we go out to eat or shopping at the Mall, why are parking lots packed? Why did the stock market have the year that it did last year? Why are existing homes sales high? Why did all the auto manufactuers except Toyota have a break thru year last year…SUV’s and full size trucks leading the way?
One could argue that because unemployment is high, there’s more opportunity for people to get out, but it cost $ to go out last I checked, right?
I know there are a lot of people hurting because of what was claimed to be a Recession, but I think a majority of those affected are still doing ok. How can I say that? See everything I just said above.
There’s a lot of $ on the sidelines. Unemployment benefits continue to be extended to lengths that literally makes me sick. Some can apparently get by on it. As long as Uncle Sam keeps giving them free $, why bother looking for work? >>

Well, I would say everyone is in line ups and driving SUV's because most everyone is in debt up to their eyeballs.

Your next post says there's a speculative run-up in PM's.

I would disagree.

The 'speculative' run-up hasn't even begun yet because all of the people in line-ups and driving SUV's haven't a clue about gold yet.

When 'they' start buying, 'then' you'll see a speculative run-up.

Also...I wanted to add that among my family and close friends whom I discuss finances with (about 15 people), only 2 are invested in PM's.

There's an additional 3 other friends who think PM's are great, but right now they can't even buy 1/2 ounce of gold because they're in debt big time.

That makes 5 out of 15 for the pro side of Gold investing.

Based on this, we still have a long way to go in the 'speculative' PM market.

OPA · January 8, 2011 1:09AM

<< 

<< If things are so bad, why do I have to wait in line at the Bank? When we go to see a movie, why is it packed? When we go out to eat or shopping at the Mall, why are parking lots packed? Why did the stock market have the year that it did last year? Why are existing homes sales high? Why did all the auto manufactuers except Toyota have a break thru year last year…SUV’s and full size trucks leading the way?
One could argue that because unemployment is high, there’s more opportunity for people to get out, but it cost $ to go out last I checked, right?
I know there are a lot of people hurting because of what was claimed to be a Recession, but I think a majority of those affected are still doing ok. How can I say that? See everything I just said above.
There’s a lot of $ on the sidelines. Unemployment benefits continue to be extended to lengths that literally makes me sick. Some can apparently get by on it. As long as Uncle Sam keeps giving them free $, why bother looking for work? >>

Well, I would say everyone is in line ups and driving SUV's because most everyone is in debt up to their eyeballs.

Your next post says there's a speculative run-up in PM's.

I would disagree.

The 'speculative' run-up hasn't even begun yet because all of the people in line-ups and driving SUV's haven't a clue about gold yet.

When 'they' start buying, 'then' you'll see a speculative run-up.

Also...I wanted to add that among my family and close friends whom I discuss finances with (about 15 people), only 2 are invested in PM's.

There's an additional 3 other friends who think PM's are great, but right now they can't even buy 1/2 ounce of gold because they're in debt big time.

That makes 5 out of 15 for the pro side of Gold investing.

Based on this, we still have a long way to go in the 'speculative' PM market. >>

Your scenario can be applied to any Industrial Metal or Commodity... as such it's flawed if you only apply it to PM's

goingbroke · January 8, 2011 1:11AM

Gold $1621.16- 5/09/11 - 12:14 PM CST

derryb · January 10, 2011 7:19AM

The most logical and level headed 2011 predictions that I have seen. PM investors should study them carefully.

9 Market Predictions for 2011

Downtown1974 · January 10, 2011 8:14AM

<< If things are so bad, why do I have to wait in line at the Bank? When we go to see a movie, why is it packed? When we go out to eat or shopping at the Mall, why are parking lots packed? Why did the stock market have the year that it did last year? Why are existing homes sales high? Why did all the auto manufactuers except Toyota have a break thru year last year…SUV’s and full size trucks leading the way?
One could argue that because unemployment is high, there’s more opportunity for people to get out, but it cost $ to go out last I checked, right?
I know there are a lot of people hurting because of what was claimed to be a Recession, but I think a majority of those affected are still doing ok. How can I say that? See everything I just said above.
There’s a lot of $ on the sidelines. Unemployment benefits continue to be extended to lengths that literally makes me sick. Some can apparently get by on it. As long as Uncle Sam keeps giving them free $, why bother looking for work? >>

I couldn't agree more with everything stated here.

I think we will see an up-swing in 2011. But in the mean time, the left will still help the poor, the right will still help the rich and the burden will fall mainly on the middle class working man.

cupronik · January 10, 2011 8:16AM

I figure a number of the mall shoppers, restaurant-goers, and movie enthusiasts apparently still have some room left on their credit cards.

mrearlygold · January 10, 2011 8:27AM

We're off to what I predict to be a very very good year

goingbroke · January 10, 2011 7:08PM

Precious metals will surprise on the downside in the first half and surprise on the upside in the second half. Gold will top $1650 and silver will top $50. This will confirm the third phase of the bull market in precious metals.

derryb · January 11, 2011 1:12AM

<< Precious metals will surprise on the downside in the first half and surprise on the upside in the second half. Gold will top $1650 and silver will top $50. This will confirm the third phase of the bull market in precious metals. >>

You're good, that's the same thing this guy says:

9 Market Predictions for 2011

roadrunner · January 11, 2011 1:57AM

I'd like to see that guy's predictions from last year to see what his track record is.

roadrunner

derryb · January 11, 2011 2:29AM

<< I'd like to see that guy's predictions from last year to see what his track record is.

roadrunner >>

What I like about them is that he doesn't go out on a limb to make a name for himself. He does a good job of helping us keep focused on what is relevent and what will determine the direction of the markets. Always looking for an edge, we tend to lose sight of what is right in front of us.

goingbroke · January 11, 2011 2:38AM

<< Precious metals will surprise on the downside in the first half and surprise on the upside in the second half. Gold will top $1650 and silver will top $50. This will confirm the third phase of the bull market in precious metals. >>

couldnt have said it better myself!

Let us sum up the projections for 2011

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