January 2017 Predictions
renman95
Posts: 7,037 ✭✭✭✭✭
When Barry steps down what do you think the Averages, Gold, Silver, & Debt will be.
My WAG:
Dow - 20,995
Naz - 5,832
S&P - 2,332
Gold - 1,376
Silver - 18.95
Debt - $20.1T
My WAG:
Dow - 20,995
Naz - 5,832
S&P - 2,332
Gold - 1,376
Silver - 18.95
Debt - $20.1T
0
Comments
<< <i>When Barry steps down what do you think the Averages, Gold, Silver, & Debt will be.
My WAG:
Dow - 20,995
Naz - 5,832
S&P - 2,332
Gold - 1,376
Silver - 18.95
Debt - $20.1T >>
Nothing to fault in your predictions. Which one is likeliest to be wrong by
the greatest %? The odds would usually favor silver.
<< <i>Do you mean if he doesn't set prices by exec order on his way out? It will be enough for me just to know he is gone. >>
Agree. IMO markets will continue to be propped up by the powers-that-be until he leaves office to solidify his legacy. Then crash. The size of the crash will depend on who will be the next president.
<< <i>
<< <i>Do you mean if he doesn't set prices by exec order on his way out? It will be enough for me just to know he is gone. >>
Agree. IMO markets will continue to be propped up by the powers-that-be until he leaves office to solidify his legacy. Then crash. The size of the crash will depend on who will be the next president. >>
If you look at seasonality of the stock market, year 1 of a new presidents term has a higher probability of posting a loss. Jay Kaeppel wrote a pretty interesting book on seasonality and he has some really interesting analysis on presidential cycles. "Seasonal Stock Market Trends: The Definitive Guide to Seasonal Stock Market Trading"
(I have no relation to the author other than it being a good book Id recommend).
BST Transactions (as the seller): Collectall, GRANDAM, epcjimi1, wondercoin, jmski52, wheathoarder, jay1187, jdsueu, grote15, airplanenut, bigole
There's no doubt that the debt is out of control and will require higher levels of money creation to keep the bottom from dropping out of real estate and stocks. The US is in a unique position with the largest economy, the largest debt, the world's reserve currency and the biggest spenders on the planet. The Chinese Infrastructure bank will try to compete, and gold may play a part in a basket of commodities that back up the new Chinese offering. All of our former allies have signed on.
I harken back to one of Bernanke's early testimonies when he alluded to the valuation of the dollar with respect to his helicopter money drops. As I recall, he said that the dollar's international status doesn't really make any difference to those of us living inside the US. I felt that he totally discredited himself when he said that.
There's a mathematical problem now that can't be resolved. Actually, it's a two-pronged problem that includes both the debt that's on the books and all of the unfunded liabilities that our politicians have committed taxpayers to pay in perpetuity. It's math, nothing more.
Will anything really happen before 2015.75 or even 2017? Your guess is as good as mine.
I knew it would happen.
<< <i>When Barry steps down what do you think the Averages, Gold, Silver, & Debt will be.
My WAG:
Dow - 20,995
Naz - 5,832
S&P - 2,332
Gold - 1,376
Silver - 18.95
Debt - $20.1T >>
Hmmm, January 2017. In a rigged market, anything is possible. Here is what I predict
Dow - 20,276
NAZDAQ - 6,088
S&P - 2,308
Gold - $951 per oz
Silver - $8.14 per oz
Debt - 20.25 trillion dollars
I think gold and silver will be suppressed for as long as possible........unless....something big happens. I do think that when precious metals rise, it will be a rise like never seen before. Likewise, when the stock market falls, I think it will be on the level of the depression or worse.
<< <i>You're assuming he will step down in 2017. >>
Yes, that is the wild card isn't it?