The amazing prediction thread.


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Mountain climber
La Mancha
Topic Author's Original Post - Aug 2, 2013 - 12:16pm PT
After reading the below rant, I thought it best to memorialize these dire predictions (and any others people want to enshrine) so we can come back and be amazed at the keen minds that dare to make them.

Here's my first contribution:

“We need to prepare for the inevitable collapse that is going to happen: You know it’s going to happen. That’s right, I am a politician and I am standing up here and saying that,” said state Rep. Matt Shea, a Republican from Spokane Valley. The lawmaker’s remarks were reported in the Coeur D’Alene Press.

Trad climber
dancin on the tip of god's middle finger
Aug 2, 2013 - 12:26pm PT
you're going to die.

Aug 2, 2013 - 12:33pm PT
April 18th 2012 Yoni Jacobs predicts the coming collapse of gold which will fall from the $1600 range to $700.

"For the past decade, gold has been an incredible investment, rising from under $300 per ounce to as high as $1,900 per ounce before retreating to around $1,650 in recent trading.

For the bulls, gold's recent drop is nothing more than a temporary setback on its inexorable march toward $2,000 and beyond. The case for gold rests primarily on factors familiar to anyone who's even remotely familiar with the metal: easy money from central banks around the world and rising demand from emerging economies, notably China and India. (See: Easy Money + Low Rates = Gold at $2000 by Year End)

But all good things must come to an end and Yoni Jacobs, chief investment strategist at Chart Prophet, believes gold's best days are behind it. In fact, Yoni believes there's a bubble in precious metals that's about to collapse as detailed in his book, Gold Bubble: Profiting from Gold's Impending Collapse.

While tipping his hat to the bullish arguments and sympathetic to reasons why people own gold, Jacobs says the metal's inability to rally despite Europe's ongoing crisis and renewed tensions in the Middle East are negative signs. "The froth is coming off," he says.

Technically, the strategist cites heavy volume during gold's sell-off last September and the negative divergence between gold and gold miners as warning signs. In the past six months, the Market Vectors Gold Miners ETF (GDX) is down 20% while the Gold ETF (GLD) is essentially flat.

Furthermore, gold is vulnerable to the global economic slowdown, he says, noting China just reported its slowest quarter in three years.

"If we have a recession or slowing global growth then all assets fall -- it's a deflationary period," Jacobs says. "Even though a lot of people are expecting inflation, if we enter recession that means the price of assets falls. Gold will fall together with the rest of commodities."

Finally, Jacobs cites "over-speculation" in gold, its "parabolic increase" in recent years, the "mass publicity" the metal has received, and the extreme emotions of its advocates as signs of it being in bubble territory.

Based on historical trends and technical patterns, Jacobs predicts gold will fall below the key $1,000 per ounce level on its way to the $700 area. He recommends shorting the GLD or GDX or buying out-of-the-money puts on gold as a way to profit from gold's demise.

Jacobs is clearly out on a limb on this prediction and there's a good chance he'll be proven wrong.

But hedging your positions and managing downside risks is always a good idea, especially with an investment that's appreciated as much as gold."

Aug 2, 2013 - 12:35pm PT
After 30 days of sun they are predicting rain around here.
Spider Savage

Mountain climber
The shaggy fringe of Los Angeles
Aug 2, 2013 - 12:52pm PT
This one comes around again and again:

Main article: History of the Seventh-day Adventist Church
The Seventh-day Adventist Church is the largest of several Adventist groups which arose from the Millerite movement of the 1840s in upstate New York, a phase of the Second Great Awakening. William Miller predicted on the basis of Daniel 8:14–16 and the "day-year principle" that Jesus Christ would return to Earth between the Spring of 1843 and the Spring of 1844. In the summer of 1844, Millerite Adventists came to believe that Jesus would return on October 22, 1844, understood to be the Biblical Day of Atonement for that year.

It seems that the basic structure of Christianity is built around an eminent return of Christ. This started a few hours after his death and has continued relentlessly for 2000 years.

Something in that concept obviously has an appeal to a fair sized market.

Trad climber
Spokane, WA
Aug 2, 2013 - 12:58pm PT
Matt Shea, referenced in the OP, is a crackpot Tea party flack. His getting elected is a sad reflection on the voters of Spokane Valley.

Social climber
Aug 2, 2013 - 01:00pm PT
I'm goin' with Norwegian on this one. I hope I'm around to find out if it comes true.
mouse from merced

Trad climber
The finger of fate, my friends, is fickle.
Aug 2, 2013 - 01:03pm PT
We could use an Early Thread Detection and Warning System here.
High Fructose Corn Spirit

Gym climber
Potemkin Village
Aug 2, 2013 - 01:25pm PT
(1) Oil will become increasingly scarce.

(2) Despite efforts of tolerance and love of diversity, group rivalries and hostilities will persist - across supertopo and humanity and across animal and plant kingdoms at large.

(3) Personal ball sac and facial hair will continue to gray.

Aug 2, 2013 - 01:28pm PT
I'm going to get laid this weekend!

Social climber
chica de chico, I don't claim to be a daisy.
Aug 2, 2013 - 01:53pm PT
I predict... coffee will be brewing every morning somewhere in the world.. and i will enjoy drinking some.

I will cook some food for a grieving friend and neighbor.. today....

and always...I predict ...i will.

crank tunes....that's what calms me...
[Click to View YouTube Video]

The Larry

Moab, UT
Aug 2, 2013 - 02:03pm PT
I predict that every generation after mine will say the end is near.
Spider Savage

Mountain climber
The shaggy fringe of Los Angeles
Aug 2, 2013 - 02:04pm PT
(1) Oil will become increasingly scarce.

As dictated by the marketing and public relations departments of gobal oil companies. (Oh, yeah, they are good.)

I predict we will quit using oil to drive automobiles long before the oil runs out.

Actually running out of oil would be a huge blessing for the ecology and economy of the planet.

Mountain climber
The Other Monrovia- CA
Aug 2, 2013 - 02:21pm PT
Another asteroid will strike the earth sooner than later.
The only question is will it be soon enough?
mouse from merced

Trad climber
The finger of fate, my friends, is fickle.
Aug 2, 2013 - 02:29pm PT
Why so negative, REIlly?

I'm predicting REI sheds its clothing line.

I'm predicting Patagonia falls into the sea.

I'm predicting new mini-devices from Apple and other computer companies. (We so need more of these, there should be a federal Department of Duplication of Processes.)

Loved this bunch of warnings about computers.

Aug 2, 2013 - 02:29pm PT
nice locker, oil has its benefits

Trad climber
Santa Monica, California
Aug 2, 2013 - 02:45pm PT
I'm predicting an increase in world population, which will lead to an increase in "have-nots", which will (eventually) lead to said have-nots rising up and kicking ass on the haves, which will cause the haves to move to a new location and continue stepping on the have-nots as they always have.

"Will the circle, be unbroken, by and by lord by and by!"

Trad climber
The state of confusion
Aug 2, 2013 - 02:45pm PT

It won't happen. Guaranteed.

Aug 2, 2013 - 02:48pm PT
I'm predicting more bolted top ropes in Colorado.

Aug 2, 2013 - 02:55pm PT
I think my prediction is the best.
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