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Messages 1 - 61 of total 61 in this topic |
Skeptimistic
Mountain climber
La Mancha
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Topic Author's Original Post - Aug 2, 2013 - 12:16pm PT
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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.
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Norwegian
Trad climber
dancin on the tip of god's middle finger
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you're going to die.
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couchmaster
climber
pdx
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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."
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RyanD
climber
Squamish
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After 30 days of sun they are predicting rain around here.
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Spider Savage
Mountain climber
The shaggy fringe of Los Angeles
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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.
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stunewberry
Trad climber
Spokane, WA
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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.
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STEEVEE
Social climber
HUMBOLDT, CA
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I'm goin' with Norwegian on this one. I hope I'm around to find out if it comes true.
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mouse from merced
Trad climber
The finger of fate, my friends, is fickle.
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We could use an Early Thread Detection and Warning System here.
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High Fructose Corn Spirit
Gym climber
Potemkin Village
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(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.
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dirtbag
climber
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I'm going to get laid this weekend!
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nita
Social climber
chica de chico, I don't claim to be a daisy.
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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]
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The Larry
climber
Moab, UT
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I predict that every generation after mine will say the end is near.
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Spider Savage
Mountain climber
The shaggy fringe of Los Angeles
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(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.
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Reilly
Mountain climber
The Other Monrovia- CA
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Another asteroid will strike the earth sooner than later.
The only question is will it be soon enough?
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mouse from merced
Trad climber
The finger of fate, my friends, is fickle.
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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.
http://mistupid.com/people/page089.htm
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snakefoot
climber
cali
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nice locker, oil has its benefits
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ydpl8s
Trad climber
Santa Monica, California
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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!"
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SteveW
Trad climber
The state of confusion
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It won't happen. Guaranteed.
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RyanD
climber
Squamish
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I'm predicting more bolted top ropes in Colorado.
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dirtbag
climber
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I think my prediction is the best.
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Gunkie
Trad climber
East Coast US
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After spending the day visiting William & Mary College in Williamsburg VA today with my oldest daughter, I predict she will not even apply to the school.
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Jennie
Trad climber
Elk Creek, Idaho
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I predict there will be more Kennedy assassination conspiracy books.
Perhaps one next year claiming Jackie Kennedy did it...
(Personally, I favor the one about the UFO landing on the Grassy Knoll. But I wasn't there...still haven't figured how John Wilkes Booth jumped from Mr Lincoln's balcony box to the stage without cratering)
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mouse from merced
Trad climber
The finger of fate, my friends, is fickle.
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I won't predict that Elysium the movie will or won't kill at the box office. I don't give a crap.
Nor am I predicting Elysium, after death, will be nothing more than nothing.
I have Monsieur Pascal to thank for this ruination of a good Catholic upbringing.
Pascal's Wager is an argument in apologetic philosophy which was devised by the seventeenth-century French philosopher, mathematician, and physicist, Blaise Pascal. It posits that humans all bet with their lives either that God exists or does not exist. Given the possibility that God actually does exist and assuming the infinite gain or loss associated with belief in God or with unbelief, a rational person should live as though God exists and seek to believe in God. If God does not actually exist, such a person will have only a finite loss (some pleasures, luxury, etc.).
--from Wikipedia
Oily french bastard.
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Alexey
climber
San Jose, CA
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In next edition of Yosemite Free climbing the route "The Thief" would be up from two stars to three *.
Outer Limits and Wheat Thin will lost one star
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Skeptimistic
Mountain climber
La Mancha
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Topic Author's Reply - Aug 2, 2013 - 08:39pm PT
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The "Massive ark on the moon" will turn out to be god's misplaced dildo...
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S.Leeper
Social climber
somewhere that doesnt have anything over 90'
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Hillary '16.
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Ed Hartouni
Trad climber
Livermore, CA
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(Personally, I favor the one about the UFO landing on the Grassy Knoll. But I wasn't there...still haven't figured how John Wilkes Booth jumped from Mr Lincoln's balcony box to the stage without cratering)
have you been in Dallas at Dealey Plaza? not such a large place... not like you could sneak in unless you had a Romulan cloaking device on board...
I haven't been at Ford's Theatre, I suspect the balcony box isn't as high as I imagine it... you?
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Jennie
Trad climber
Elk Creek, Idaho
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Hi Ed. No, I have never been to Dealy Plaza.
I think you're right about Mr Booth and his jump. The NPS administers Ford's Theater and say he jumped 10 to 12 feet from the balustrade. As a child I'd only been in movie, school or church theaters so jumping from a balcony to the stage seemed pretty remarkable...
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justthemaid
climber
Jim Henson's Basement
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Michael Reardon will be found alive working as an Elvis impersonator in Vegas.
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mouse from merced
Trad climber
The finger of fate, my friends, is fickle.
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It would seem that there was an older stage configuration in the time of Booth, one in which the stage projected more, making the leap not so desperate.
I won't predict that as an answer. Lemme check my balls first.
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TGT
Social climber
So Cal
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Jennie
Trad climber
Elk Creek, Idaho
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I think Booth jumped from the enclosure behind where the flag bunting is draped. (??)
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Skeptimistic
Mountain climber
La Mancha
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Topic Author's Reply - Aug 3, 2013 - 01:37pm PT
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^^^^^ (....mommy?....)^^^^^^
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Batrock
Trad climber
Burbank
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A giant hole will be found in the O-zone.
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mouse from merced
Trad climber
The finger of fate, my friends, is fickle.
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War Trotter, we already got an eight ball.
Why go to all that bother with supercomposting?
You've racked them. It's somebody else's break.
I'd like to compiment you on your originality, though.
All we really are: ducks in the wind.
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Ward Trotter
Trad climber
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Why go to all that bother with supercomposting?
Because ,this is the amazing prediction thread .
Besides, i''m trying to catch up to you in total posts
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MisterE
climber
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People will continue to argue on the internet!
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ruppell
climber
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In a few years Super Topo pages will be bronzed and set at the start of each pitch of routes. That way you can get all the beta without even having to bring along your own pages. "The crux is best done........"
LOL
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Skeptimistic
Mountain climber
La Mancha
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Topic Author's Reply - Dec 7, 2014 - 10:46am PT
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Now that we are upon the threshold of driverless cars, I predict that the technology will advance by 2030 to have the car drop us off at the curb, go find a parking space, then meet us at the curb when we summon it.
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MisterE
Gym climber
Bishop, CA
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People will continue to argue on the internet!
Hey! My prediction came true!
;-)
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zBrown
Ice climber
Brujò de la Playa
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Nostradamus
Near the gates and within two cities
There will be scourges the like of which was never seen,
Famine within plague, people put out by steel,
Crying to the great immortal God for relief.
zBrown-adamus
There will be Flames and Da Brim stone.
Someone from th ST will go 2 tokes over the line
Alex Honnnold will go one better and do 3 tokes over the line
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Skeptimistic
Mountain climber
La Mancha
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Topic Author's Reply - Aug 26, 2015 - 06:15pm PT
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Election 2016:
Trump will lead the republican pack, but the Koch/Fox machine will buy Rubio's nomination. Trump will briefly rally the Tea Party for a 3rd party bid, but will pull out based on the realization he can't win it & he didn't really want his every waking moment to be lived under the microscope. He'll endorse Bernie which will knock Hillary off the lead and viola!, rubio wins & we all get cheap fish tacos! At least until ww3 starts in the spring due to Israel bombing Iran while Russia backs ISIL.
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mouse from merced
Trad climber
The finger of fate, my friends, is fickle.
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Aug 26, 2015 - 07:00pm PT
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Notsodumbass quatrains:
At night in bed the Supreme one strangled,
For having stayed too long, blonde elevated:
By three the empire subrogated and enslaved,
Is put to death nor packet read.
In a great city a monk and artisan,
Lodged near the door and walls and lodges:
Against Modena, in a secret cellar speaking,
Betrayed for acting under colour of marriages.
The blood of the just at London will be at fault,
Burnt by lightning bolts of twenty, three the six:
The mad lady falls from her high place,
Also several of her sect will be killed.
Referring to Madonna?
Perhaps Mylie Cyrus?
Or is it Suprema?
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zBrown
Ice climber
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Aug 26, 2015 - 07:05pm PT
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Pre- diction, post- diction? Isn't it the diction that really matters?
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zBrown
Ice climber
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Aug 26, 2015 - 07:16pm PT
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^Can't you be more specific. Is it 6 months or 9 months? Is it safe to assume there will be no Dodger dogz this time around?
-Negrodamus
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mouse from merced
Trad climber
The finger of fate, my friends, is fickle.
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Aug 26, 2015 - 07:22pm PT
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^^^Canya speak a bit louder and stuff?
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Winemaker
Sport climber
Yakima, WA
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Aug 26, 2015 - 08:32pm PT
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Can you say 'President Trump'? Hahahahaha. We get what we deserve. Maybe.
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john hansen
climber
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Aug 26, 2015 - 08:46pm PT
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Who would have predicted oil at under 40 dollars per barrel?
Or Trump leading in the polls.
For my prediction I will say the Dow Jones will be down a bit or even this year but will be positive next year, up at least five percent.
The American economy is still strong and full of innovation. Housing starts up, low interest even if they raise it a 1/4 point at a time for a few years.
OK ,I said it. Will check back in Dec of Sixteen..
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anita514
Gym climber
Great White North
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Aug 27, 2015 - 02:22pm PT
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I predict Ron Anderson will be back
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JEleazarian
Trad climber
Fresno CA
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Aug 27, 2015 - 02:50pm PT
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Cragman, as a professional economist, I need to let you in on one of the most important principles of economic forecasting: "You can give 'em a date, or you can give 'em a number, but it is very dangerous to give 'em both."
(To paraphrase J.P. Morgan): I predict the Dow will fluctuate.
John
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couchmaster
climber
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Aug 27, 2015 - 03:27pm PT
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http://money.cnn.com/2015/07/30/investing/gold-prices-could-drop-to-350/
Dated 8-31-15 (noted this date) from CNN titled in huge bold letters PREPARE FOR GOLD PRICES TO PLUNGE....AS LOW AS $350, link above:
"Gold's big plunge may have only just begun.
A prominent gold forecaster predicts the yellow metal will drop to a mere $350 an ounce, a level unseen since 2003. It's dramatically lower than what most experts are currently calling for.
...Their research suggests gold could tumble to about $350 an ounce before it goes back to fair values. Plunging that low would translate to an 80% crash from gold's peak price in late 2011. That's big losses for investors. "
Quite the AMAZING coincidence that within a week of this scary and bold prediction of a massive drop in gold -again, note these dates and the over $100 million dollar figures for that much gold: "
On August 6, 2015, Goldman Sachs, which has issued very bearish forecasts on long-term gold prices, took delivery of a 3.2-ton purchase of physical gold.
On August 6, 2015, HSBC which also claims to be bearish, took delivery of a 3.9-ton purchase of physical gold.
In both cases, the purchases are registered as being for the benefit of the bank's own house account, rather than the accounts of customers.
On August 6, 2015, Goldman Sachs (NYSE:GS) and HSBC (NYSE:HSBC) took delivery of a sum total of 7.1 tons of physical gold. No, I have not made any typographical errors. And no, I am not talking about electronic paper claims. I am talking about shiny yellow metal stuff that you can touch and feel." http://seekingalpha.com/article/3421396-the-big-long-goldman-sachs-and-hsbc-buy-7_1-tons-of-physical-gold
And then there is this other link also chock full of predictions:
"
Will Gold Be $1,000 or $10,000 in 2015?
12/31/2014
Comments
by Lorimer Wilson
Picture
The internet is awash with analysts who believe that gold is going UP to $10,000 or DOWN to $1,000 and that silver is going DOWN to $15 or UP to $300.
Such pundits (Roubini, Sinclair, Rickards, Willie and Edelson to name a few) grab a lot of attention in the media but are their prognostications worth paying attention to or are they just a lot of hot air?
Below is a list of forecasts of the future movement in the price of physical gold with an update as to how close their predictions have come to reality – to date.
1. Gold Could Possibily Reach $3,000 – $4,500 By 2016! Here’s Why
Vronsky of gold-eagle.com says that since the gold price has moved in concert with the growth in the US Federal Reserve Balance Sheet since 1999 including, the recent correction in both during the past three years, gold could possibily reach $3,000 – $4,500 by 2016! .
2. Gold & Silver: Parabolic Surge to $3,500 & $90 to Begin In Early 2015
Juan Eduardo Morales Veas (MoneyGreedandFear.com) suggests that both gold & silver will show renewed weakness to $900 & $15, respectively, in early 2015 before jumping dramatically in price by the end of 2016/early 2017 – to $3,500 and $90 respectively. His anticipation of renewed weakness has been correct to date but will his specific projections hold true? Below are the specific details (with charts). Read More »
3. Nouriel Roubini: Gold to Be Gutted! Here’s Why
Roubini expects gold will fall below $1,000/oz – a point not seen since 2007. No time frame is given.Read More »
4. Sinclair: Silver’s Rise Will Be Orgasmic; Gold Is a Buy Below $3,500
Jim Sinclair forecasts that gold will be roughly $4000-4500 by 2015-17 and, while silver will not reach $500, it certainly will see triple digits.
5. Authors Of “The Money Bubble” Foresee $10-12,000 Gold & $500 Silver – Here’s Why
James Turk and John Rubino argue that the price of gold is about to soar to $10-12,000/ozt. – and silver to $500/ozt. Here’s why.
6. Mark My Words: 2017 Will See A 31,000 Dow; $5,000 Gold; $125 Silver & Select PM Stocks Up 3,000%! Here’s Why
Larry Edelson maintains that once this pullback in the broad stock indices is over, the Dow Jones Industrial will lead the way higher yet again, and catapult to 31,000 over the next 3 years, with gold reaching $5,000, silver $125 and select individual stocks in the mining sector spinning off gains of 2,000%, 3,000% and even more.
No, I’m not out of my mind. Quite to the contrary, I believe I am the one analyst who really understands the forces that are building to enable such to occur. Read on to learn about my enviable track record over the years and specifically why such gains will be realized over the next three years.
7. Could a World of $7,000 Gold, $100 Silver & $400 Oil Be Coming?
Jim Rickards explains why a US dollar collapse could be coming and gold could emerge at the heart of a new global monetary system as the only money that you can really trust.
8. Jim Willie: Gold Will Rise to $5,000/ozt. and Beyond & Silver Will Rise Multiples Higher
Willie suggests that the world economic crisis has entered a new elevated level of perma-crisis and constant tension without either resolution or even the attempt to resolve anything and, as such, the price of gold will rise to $5,000 per troy ounce, then higher, and at the same time, the silver price will rise multiples higher.
Other Articles of Interest:
1. Only These 42 Analysts Dare Predict When – and At What Price – Gold Will Peak
There were no shortage of gold price pundits/prognosticators back in 2011 & 2012 claiming that gold would be going to “x” price by “y” date. Below is an updated list of those 42 pundits who were bold enough to provide a specific date as to when their forecast would be realized with their criteria & rationale supported by links to articles in which their determinations were first put forth.Read More »
2. The Future Price of Gold and the 2% Factor
It is my contention that the price of gold rallies whenever the U.S. dollar’s real short-term interest rate is below 2%, falls whenever the real short rate is above 2%, and holds steady at the equilibrium rate of 2%. Furthermore, for every one percentage point real rates differ from 2%, gold moves by eight times that amount per year. So if the real rates are at 1%, gold will move up at an 8% annualized rate. If real rates are at 0%, then gold will move up at a 16% rate (that’s been about the story for the past decade). Conversely, if the real rate jumps to 3%, then gold will drop at an 8% rate. [Let me explain.]
3. This Site Reveals the Performance of Financial Pundits – How Well Has Your Guy Done?
Recently I discovered a website which tracks pundits in finance (and politics and sports). Check it out to see how many of the calls and predictions of your favorite prognosticators have turned out to be true. You’ll be surprised and, no doubt, disappointed! Read More »
4. Noonan on Gold & Silver: “Odds favor retesting lower from here”
Every bottom undergoes a process of retesting but none is yet apparent in gold & silver. In the early part of 2014 we said that the second half could likely be more of the same as it was in 2013, and with just a few weeks away from the end of the year, prospects for 2015 can equally be brought into question regarding the price appreciation of gold and silver.
Noonan goes on to say in further edited excerpts:
Silver
Silver is not in a strong up-trending market, and that makes the likelihood of further retesting under 16 a greater possibility. It may not happen, but odds favor retesting lower from here.
.....
The above article is presented by Lorimer Wilson, editor of www.munKNEE.com(Your Key to Making Money!), www.FinancialArticleSummariesToday.com (A site for sore eyes and inquisitive minds) and the FREE Market Intelligence Report newsletter(register here; sample here). This paragraph must be included in any article re-posting to avoid copyright infringement."
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zBrown
Ice climber
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Aug 27, 2015 - 03:33pm PT
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What we're gonna see......goes so much deeper, and will have far more long-lasting effects.
Must have an inside line to "The Paul" and/or Art Linkletter.
The doomsday warnings aren’t entirely different from views Ron Paul expressed as a member of Congress and presidential candidate, when he called for a return to the gold standard, abolishing the Fed and other libertarian policies to change the status quo. But the nationally broadcast ads are a high-profile reminder of how far his views are from those of mainstream economists, most of whom are projecting slow but steady growth for the U.S.
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Skeptimistic
Mountain climber
La Mancha
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Topic Author's Reply - Dec 12, 2016 - 08:38pm PT
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Re: the Trump administration. Trump will continue his trampede over foreign policy, social reform and established trade policy with reckless abandon for the next 5 years. His actions will continue to be so shocking that leaders will be dumbfounded into going along with his Mad Hatter's Party. In the 5th year he will be bored of winning and abdicate command to his son in law who he replaced Pence with. Ivanka will be SOS.
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i-b-goB
Social climber
Wise Acres
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Dec 12, 2016 - 08:51pm PT
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Back a page or two...
S.Leeper
Social climber
somewhere that doesnt have anything over 90'
Aug 2, 2013 - 08:50pm PT
Hillary '16.
....ouch!
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Skeptimistic
Mountain climber
La Mancha
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Topic Author's Reply - Aug 18, 2017 - 06:07pm PT
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Bump for the original
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drF
Trad climber
usa
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Aug 18, 2017 - 08:23pm PT
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Free solo of Freerider within five years.
Climbing will be more popular than surfing, skiing, and snowboarding in twenty years.
Back in 2014
Kevin for the win!!!!
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