Categories: Base Metals / Energy / General Market Commentary / Precious Metals
Topics: General Base Metals / General Energy / General Market Commentary / General Precious Metals

10 predictions for 2017: Gold, stocks, Trump, Putin and war

10 predictions for 2017: Gold, stocks, Trump, Putin and war

“As for me, all I know is that I know nothing.” – Socrates

Gold at $1,500: The gold price will climb above $1,500 in 2017, with the potential to claw back towards all-time highs in the event of a currency crisis, major war or other black swan event. December 2015 will prove to be the bottom of the correction and gold will once again embark on a multi-year bull cycle.

Silver at $25: The silver price will climb above $25 in 2017 with the potential to reach towards $30 per ounce. It will be pulled higher by gold but also buoyed by increased industrial demand, clean-tech demand and military spending.

Dollar Rally Fades: The dollar may rally a bit higher, but the USD index will ultimately drop back below 100 during 2017 as government spending picks up and deficits soar. The de-dollarization trend will continue in earnest.

Stock Market Crashes: The stock market will crash hard, retracing at least 1/3 and up to 1/2 of the gains realized since the 2008/2009 financial crisis. Equity valuations are frothy by any number of measures as investors have been chasing yield in the NIRP economic environment. Once the slide begins, panicked investors will rush for the exits.

FED Cautious with Rate Hikes: The FED will be unable to continue raising interest rates beyond one or two more token 25 basis point increases. They may reverse course by the end of 2017 in order to support falling stock prices and avoid another Great Recession

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