Tuesday, February 23, 2010
Foundation for the Study of Cycles: Gold to $2,000 By Late 2011, While Dollar and Stocks will Sink
I'm agnostic about different cycle systems, but - for what it's worth - the Foundation for the Study of Cycles is predicting:
- Gold will head north of $2000 ounce by the 3rd or 4th quarter of 2011
- This will happen in middle of a sinking stock market and economy
- Other PMs will do well, but not as well as gold
- A major new dollar decline will start in the 3rd quarter of 2010, and end in early 2012 (the dollar's value against gold will plummet)
- A convergence of cycles will make 2012 a total train wreck. For example, the 500 geopolitical cycle will shift, with power and wealth heading from West to East. Other cycles will bottom during the period from late 2011 to late 2012, so things will get really ugly. The 4th quarter in 2012 will be a horrible time for America
3 comments:
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So what is it worth?
ReplyDeleteDon't forget that the Maya calendar runs out or something in Dec. 2012, which is supposed to mean the end of the world.
ReplyDeleteYes, we are in for some very bumpy times, which will make the depression of the 1930's, look like a dance in the park.
ReplyDelete