Dec 24, 2011

Q1 2012: The Safest Places to Invest | PennEnergy.com- Energy News & Research

Ian Cooper -  Here are some predictions for 2012:

  • $2,000 gold, $40 silver, and $150 oil on any Strait of Hormuz disruptions;

  • No recovery for housing;

  • The euro will finally fail;

  • The Dow will test 9,500;

  • Israel will attack Iran;

  • Natural gas will fall to historic lows on the Marcellus Shale finds;

  • The Great Depression 2.0 and/or the Great Revolution of 2012 will hit as Americans become even more disgruntled over the deceptions of Wall Street;

  • Facebook will withdraw its IPO based on the performance of other social networking IPOs;

  • Rare earth prices will run up again, as China just barred the world's largest rare earths producer, Baotou Steel, from exporting due to “environmental concerns” (Baotou accounts for just abouthalf of the world's rare earth production, and was excluded from the Chinese Ministry of Commerce's list of 11 approved exporters for next year); and

  • Peak Oil deniers will finally understand what Peak Oil really is.

    Haase - I'll give him 5 out of 10'of those or 8 of 10 if this is through 2014.