Friday, December 7, 2012

Weiss Research doubles down.

Weiss Research has released a video that has awesome predictions:

1. Obama's re-election was predicted.
2. No matter how the Fiscal Cliff is resolved US debt will continue to pile up.
3. It will take financial collapse for Washington to react (like curb spending).
4. Giant roller coaster: first deflation then inflation.
5. Bernanke will print more to sustain economy. He will fail.
6. Money printing will continue and accelerate.
7. Printed money will drive prices. Will decimate the US Dollar.
8. Bond prices will collapse.
9. Gold will end up at 6,000, silver at 150 and oil at 200/bbl.
10. US Dollar will spike then resume its slide.

Where are we? The US Dollar rallies then stops. Gold and silver drop then recover. There are signs that some miners are ready to pop (reverse head and shoulder). The Chinese are accelerating gold mining and importing gold.

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