What are your forecasts for 2010?
Where will the greatest profit opportunities be?
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Not sure where you see the Dow, interest rates, gold, oil and other investments going in the year ahead? Just take a look at the news: The headlines could give you some important clues.
Take yesterday, for instance: The big news was all about India’s purchase of 200 tons of gold and an announcement that the country is diversifying its reserves out of the falling U.S. dollar.
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Unsurprisingly, gold exploded higher — hitting a new all-time record high of $1,092 per ounce.
India made out like a bandit: It spent $6.7 billion to buy its new gold hoard — and the value of that gold shot up to $7.4 billion almost immediately. That’s a gain of $700 million in less than one day!
Most of the folks who entered The Weiss Forecast Contest weren’t the least bit surprised at yesterday’s historic move in gold. So far, only 8.5% of our contestants see gold closing at below $999 in 2010.
The majority — a whopping 53.1% — expect the yellow metal to go as high as $1,499.
Plus, an impressive 29.5% say you’ll see gold prices surge as high as $1,999 per ounce … and 8.9% predict gold will at least double in 2010 to over $2,000 per ounce!
If they’re right, you’d expect select gold stocks to more than double your money in the year ahead. After all — if history proves anything, it’s that the stock of companies that control vast amounts of gold in their reserves can rise up to five or ten times faster than gold bullion prices!
In a few days, my team and I will give you our own, independent forecasts for 2010 — not just for gold, but also for the Dow, oil, tech stocks, emerging markets and more — as well as specific recommendations for the investments we believe will enjoy the best performance.
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You can enter The Weiss Forecast Contest and reap the rewards in three, easy steps:
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STEP #3: Scroll down and join us in a lively and enlightening discussion on the financial threats and profit opportunities that you see ahead.
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Martin
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{ 37 comments… read them below or add one }
Oil will explode after Israel bombs Iran’s nuclear projects
and Iran blockades the shipping lanes.
From where I sit in Southern California the only factor I see that is holding down commodity prices is unemployment. Our infrastructure has not been developed so as to efficiently make use of available resources wisely. The infrastructure has been developed to the extent that it is profitable for those who own it, but that requires the costs to be borne by those who make use of it, the same people who rely upon it. Once employment returns the scarcity that is the result of an under-developed infrastructure will cause inflation in the prices of commodities due to returning and resurgent demand. Of course the powers that be recognize this. Of course the powers that be recognize this. That is why an asset bubble is being formed. the managers hope to make use of a ‘capitalized’ equity to finance the infrastructure improvements that will be necessary to accommodate the increased use when employment returns. i would place my bets, if I had any money, on construction materials that are needed for large scale projects. The trick is to keep the costs of materials at a level where those projects are still feasible. Commodity market purchases now for future use would be a great investment and a hedge against the inflation that is certain to occur once the market is going again. I personally kow an instance where this was done in Peru. So much for this ‘appraise’ report. steven davis, a`cuara appraisal, claremont, california
Thank you for all the wonderful news and advice over the years. As I am an octogenarian I have to be ultra cautious and conservative and I do not regret it one bit.
Best wishes and kind regards,
Edward
I believe Gold will continue to rise with some corrections. Oil prices will rise. The Dow will continue to be propped up for the next two years before it drops to 6000 or lower. There will be inflation and more jobs will be lost. The dollar will loose ground until it will be toast within two years. Just my guesses.
I provided my forecast yesterday,
my comment is that I think Russia will outperform china.
Gold yes i am in the gold camp. however I don’t think 2010 will offer more than 10-15 gains.
Oil for sure will be above 100.
best regards
Peter M
Our govt is headed faster and faster towards Marxism, and it scares me.
I think gold will go to about 1,500 by the end of this year, and oil will blast up through $80.00.
WE are entering an inflationary blowoff of all paper money, (not real wealth) this will be similar to Germany in 1928, read your History, You must own tangable wealth, this encludes certain stocks that are backed by Tangable resources.
Where is silver going over the next few years?
my personal predictions for the future are:
gold will exponentially, especially because of current investment in middle-east security dependent upon the price of oil, rise well over current maximum estimates; our dollar will continue to take a nose-dive because of new financial industry shift of wealth from the poor to the bankers ( bailouts only benefit the executive personnel at the expense of credit gouging the american consumer), PUT THOSE THIEVES IN JAIL LONG ENOUGH WHERE THEY CAN”T BENEFIT FROM THE MONEY THEY HAVE STOLEN. The predominate remedy for our situation is… (1) investment to fuel renewable energy that will give us leverage in a highly explosive fuel consumption industry; (2) absolutely sieze the control from Out of country participation in our oil industry including current US executives and carefully control how the oil companies operate under very close srutiny. Invest in renewable energy, OTC drugs and food supply; people are always going to be in pain, will get hungry, and will need to charge up thier PDA’s. (3) withdraw from middle-east and let them kill each other; solves that problem; increase homeland security against US soil attacks of nuclear, terrorist activity, or any other unforseable scenario that threatens the US citizen’s welfare; STOP sending US jobs overseas, Let them find their own resource for wealth acquisition that is currently adversely affecting the welfare of 25% of our reported and unreported unemployed workers in this country. Tax US employers who would violate such an order, hit them where it hurts: THIER PAYCHECK! not ours. Increase production and sale of US made weapons and security items to India and get some of gold wealth back! When I was exporting my products to the world, we could get products into India but not out. It was very difficult to sqeeze even production costs from them. I now rest my case. Unemployed (2yrs), life savings depleted, aging succesful business person. Broke and disgusted, however still alive for the moment.
Gold, silver,oil up, US dollar down!
I am a virtual novice and certainly grossly ignorant of stock market mechanisms and its intricacies, which is the reason I have been particularly grateful for “buy-sell” recommendations from people far more knowledgeable than I and whom I trust, and I do thank you for that. When it comes to second-guessing what the future holds, all I have to guide me is what I have gleaned from the information you have offered, which I also appreciate. But I feel totally idiotic in presuming to predict with any degree of originality whatsoever what the future may hold. I fear for the dollar and all it represents, yet hope that the long-standing reputation of this country may help to carry us through this crisis. If we can somehow reassert common sense and reason in our government, including the measures that will stimulate the work ethic and ambitions and the freedoms that have made us rise to the top in the past, we will rise to the top again. I pray it will happen.
The Feds have set the stage! They are not going to raise interest rates for a long time to come. Helecopter Ben is going to print money as fast as he can in hopes of devaluating the debt we have. The dollar will continue to deteriorate indefinitely until this madness stops, and of course, inexorably the price of gold (in dollars) will continue to rise. 2010 we will see gold at 2300 to 2400, and in 2011, the price of gold will top
2600!!
Healthcare with the public option will eventually be passed, but it will be watered down
to a level that will make it laughable. Maybe 10% of people will be eligible to take advantage of government assisted healthcare. The health care industry will have won
a victory by buying all the senators and congressmen. This is no longer a democracy,
it is system controlled by Corporate America. Not a good thing for the average
citizen. Eisenhower warned us about this after WWII.
Our Treasury Department is run by Goldman Sachs. The entire department is
infiltrated by former Goldman Sachs enployees. How can Geitner possibly reign in
the big banks (investment houses) when he is one of them. A gentle slap on the wrist
maybe. Instead of outlawing Credit Default Swaps, they will pass a regulation that
will be so full of loopholes that the big guys will slip through untouched.
How could we possibly bail out AIG with 180 billion dollars with no accountability. They would have to reveal that they used $60 billion of that money to pay off “gambling” debts to Goldman Sachs. Wall Street has become the world’s largest gambling casino. There are more controls in Las Vegas than there are on Wall Street.
China and India will continue to experience double digit gains in their GDP and Australia
will benefit greatly by selling them all of their considerable natural resources. The BRIC
countries will thrive in this next decade. Particularly India and Brazil. Canada would
have a chance to join that group, but they are too economically tied to the United States. They have no long term debt, and unlimited natural resources. They have a
particulary strong feeling of connection with the United States and are pumping oil
24 hours a day to the United through a billion dollar pipeline that they paid for. They
export more oil into the U.S. than Saudi Arabia. That would surprise a few people.
I feel sorry for our President Obama. He took over the worst possible situation of
any president in our nation’s history, and people are picking him apart. He will survive
and be reelected in 2012, but he will take a lot of criticism from the pathetic leftovers
of the Republican Party. I was a liberal Republican for 40 years, but after 8 years of
“W”, I changed to Independent. They don’t even resemble the Republican Party of
40 years ago.
The long term future of this country is good and we will survive. Germany and Brazil
survived runaway inflation and so will we, but it will take strong leadership in the years
to come.
Citizen Tom
Martin,
Thank you for your very informative newsletters. Personally, I come from a family who made small fortunes in real estate investments such as rental properties and land. Let’s face it…people will always need places to live. Even though real estate’s prices continue to tumble, there are great buys to be found at this time. I am on a mission to purchase quality rental property in the “Right” location, and at the “Right” price. I’m interested in tangible investments such as gold, but have never invested in it…..How does one buy gold?
If in fact history is a very good prediction of past behavior one would only need to review the last (most recent 400 years) the Greatest Nations On the planet with the mightiest of Armadas set sail into the most Provacitive concept of Domination on a Global scale that so surely resembles this one.
No sure compasss an uneqiilvical belief that GOLD was the answer where ever they landed well we know most that is still sitting at the Bottom of the Ocean unaccounted for and arguably is Lost for ever.
Sadly enough in the case of our Country what actually made it to The New World was greeted with the humiliating suprise that what was fought and died for had no Value.
What we did get was a turkey,some popcorn a meal which we all know now as Thanksgiving and here we go again.
Kindest Regards,
Francis X. Smith
surfcitysand@aol.com
I see a commonality in the historical wealth and power of Israel, Great Britian, and the United States. All three at one time ascended to become the greatest military power of their age and at the same time the richest nations in the world. Each ascribed their greatness to the God they loved and yet each eventually made that same God irrelevent to their society.
I believe in 2010 we will witness the crash of US bonds, the US dollar, and the US stock market. Our wealth is now gone and soon we will all see the finger writing on the wall.
Gold has broken through the $1,000 barrier and will, in my opinion, climb to at least $1,400 in 2010 although there will be dips along the way. Silver will rise also, though not as rapidly. The dollar will continue to fall and inflation will devalue our currency, unfortunately, for those of us who are conservative investors. Foreign markets, i.e., oil and commodities, for example, will grow rapidly. It seems that our 60 year day-in-the-sun is setting and rising in the East.
I think we are in for another dip in the market. This will likely be triggered by an event such as Israel attacking Iran’s nuclear facilities. This same event will cause Gold to double to $2000 an ounce and oil to quadruple to $300 a barrel. I think the dip will only bring us down to 6000 or 7000 on the Dow, but by the end of 2010 we will be back up to 12,000+. Of significant note is that 12,000+ then will not be worth as much as 10,000+ today because of the decline of the dollar starting to take hold. The same will hold true for real estate. The dollar denominated value will likely be fairly consistant after some more fallout, but actual value will have declined significantly. Inflation will start to creep in and significantly hurt the lower and middle classes, especially those with fixed incomes or living off retirement accounts.
Thanks so much for your wonderful and captivating newsletters, updates and rock solid financial information on a daily basis. I’m so appreciative for your website and research.
I’m sure the world gold council is having a ball driving up the price of gold, we all know,that is their job.I do not remember you telling your subscribers about the WGC,their goals,why the council was formed and who is heading the WGC.I’m in the markets to make money and I have made money,so,I’m out,taking profits and waiting for a better opportunity.All makets have gone up to far to fast.Old man Vanderbilt was asked how he make so much money in the stock market,he said,”I sold to soon.”I will not CHASE markets,that is a recipe for disaster.That is what wall street and the govt. want us to do.I WILL NOT FALL FOR ANY TRAPS.
Of the BRIC countries, China will end 2010 as the winner, the DOW will definitely be the big loser. Is obama a marxist or maoist? Does it matter? He will continue to destroy the dollar, our economy and the country. The big question. Who will benefit most from the collapse of the dollar and our country?
Here is what the obama controlled media is not telling you. The unemployment rate in Southern California is over 15%. Some people don’t accept unemployment, some move out of state. I am an appraiser, home prices have dropped 30% to 70% in the 7 county area of Southern California. Some homes that were worth $500,000 now appraise for $150,000 or less. California is not only bankrupt, it has 600,000 more foreclosures to come in the next 30 months. It will take 4 years to wade through all of them. The CA state legislature consists of environmental morons and fiscally irresponsible elitists. California used to lead the nation, no more.
I’d like to see competition brought into the arena of education. The way it is now, if you’re in lower socio-economic class, you have no choice except to send your kids to a public school. That’s a crap shoot at best. In my state, every time somebody brings up the vouchers concept, the powerful teachers union goes into attack mode and of course, their monopoly continues to this day.
Education is all about the future, our children’s future, but if it’s just another thing controlled by our government, it’s not good for us, IMHO.
Last 7-9 years have left me totally adverse to bankers, wall street, and politicians. Most should be in jail for what has transpired. Precious metals, oil, and commodities look to be only viable alternates to the existing Ponzi scheme. Lead(bullets) might prove to be the best investment over the next five years. Current leadership, finnancial and political, is so lacking in real “Honesty and real problem solving Leadership” that perhaps the country would be better off with a Second American Revoution as spelled out in the founding fathers writings. All(95%) bankers, politicians, and wall street executives need to go. They have one attribute in common, and that is they are all total failures and crooks. This dismal record in any reputal company would end in immediate dismissal. Till this happens, there will be a steady but accelerating decline in everything really American. A Jungle or a second revoution is coming as there are no other solutions or answers. The Supreme Court and the Press has totally failed in their fidiciary responsibilities. Things are getting so bad it is past shame and blame. JFK’s Profiles in Courage has been reduced to a Joke. jUST A FEW VOICES IN A SINKING Wilderness like Ron Paul going down with the Titanic. So buy precious metals, oil, bullets, and prepare for the decline.
The United States Dollar will step aside to GOLD since China will be buying up the world
Martin;
Thanks for helping me take a slightly longer look at where I believe the market(s)
to be in 14 months, and making it all fun & interesting, even if I keep my 0 for 240,990 in matches like this one. AND, we’ll all be able to see what your crystal ball looks like
as well. AND, you’re making us all feel like winners w/the free 1/4ly offer of another
publication. Very smart marketing.
Thanks again, Martin from another satisfied customer in Virginia;
Tom in Midlothian
Are the financials about to implode? or will the keep artificially inflating with everything else.
My prediction for the Dow at this time next year is around mid-8000’s. I think it will tank in the spring-summer and then begin to rise again late summer-fall. Everything will take a hit this spring, quite possibly even commodities. But, the general trend will be up for commodities and equities that produce something tangeable, because the Fed is clearly on track to devalue the dollar greatly; although it won’t happen in a straight line. I’m sorry to say that the hucksters on Wall Street will get their way-for awhile. The great Ponzi scheme will eventually collapse. Although I am in my mid-40’s, I have hope in the next generation. I think the greed that characterizes the baby-boomers is being replaced by a genuine concern for people and environment.
Hi to all I am not an investor but still keep tabs on whats going on. I do have a question and IF some one would answer it it would be grate. In reguards to India buying up 200 tons of gold. did they actualy take possesion of said gold and have it in there hands and be able to see it or is this something just on paper,?????? My thought is if it’s just on paper then who’s to say that it’s really even there. what promps this question is every thing that has happened over the past few years that has brought us to this point.
Thank you for your updates and forecasts for future economic performances. Lyle
time will tell
I expect only a moderate upturn for 2010
energy, green and the internet are the growth factors of the future.
I would like to see our writers address silver more in depth. My understanding is that silver mined has been running a deficit to production for many years and that the number of years supply above and below ground based on usage has a shorter projected lifespan than any other commodity.
I think silver is going to be a “sleeper” and surprise a lot of people. It’s bound to go up what with all the money Federal Reserve and Obama are printing.
I think oil will go up to at least $ 150.00 /barrel. We need to drill here, drill now. That high price will hurt the economy, but will make money for those who have some shares in a good solid oil producing company.
Predicting the future is hard. Each captain paddles his own canoe and determines his own destiny. If I had half a million dollars I would invest with Warren Buffet. Since I don’t, I paid off my mortgage, invested in a foreclosure and a short term Treasury Mutual Fund.
I only invest in my 401k, by adding from my weekly chk over the years. Now that I survived 20yrs–
1986 through 2006, I still have over $200,00. I took a $27,000 hit in 2000, but roared back after that.
When the Dow took a technology fall in 2000 I watched my 401k dwindle, then I realized my money
manager was either lazy, or didn’t have a clue, I took that 401k out and gave it to Shwabb, who
put (diversified) it in to cash until the market started climbing again. The one thing I learned over the years is not to put much trust in Headlines, and try to learn from History. so you don’t repeat it.
Now most of the money is in an annunity.
I to feel sorry for the pres Obama, but he ran for office—-without enough experience–and the
people without enough experience voted for him. I hope they learn from their mistakes in 2012.
Because that is when everything will unwind.
Hello Thomas Burk, I’m not an expert, but I talk to people in the know. From what I hear
Dubi in the southern tip of Saudi Arabia, deals in tons of gold, and is a go between many
Countries. Of course we can’t go down to our local coin shop, and buy that much gold.
If you are a country, then you have connections. It would be great.
This will be “fun” to watch how our predictions play out. It is great to read so many varying opinions. Thank you for allowing us to share ours. I don’t expect much from 2010 in terms of the US stock market, in my infinite optimism, I hope that I am wrong…but sideways I believe we are headed. I have high hopes for Brazil sharing some nice upward trends. What about Canada? I do believe our dollar will continue to show declining value. How about a survey on who holds the next world currency?